The stock of Ternium SA (ADR) (NYSE:TX) hit a new 52-week high and has $38.39 target or 64.00% above today’s $23.41 share price. The 6 months bullish chart indicates low risk for the $4.71B company. The 1-year high was reported on Nov, 1 by Barchart.com. If the $38.39 price target is reached, the company will be worth $3.01B more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 106,416 shares traded hands. Ternium SA (ADR) (NYSE:TX) has risen 31.45% since March 30, 2016 and is uptrending. It has outperformed by 28.43% the S&P500.
Ternium SA (ADR) (NYSE:TX) Ratings Coverage
Out of 4 analysts covering Ternium (NYSE:TX), 3 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 75% are positive. Ternium has been the topic of 7 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Goldman Sachs given on Monday, August 10. On Monday, May 9 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. HSBC initiated Ternium SA (ADR) (NYSE:TX) on Friday, May 13 with “Buy” rating. The stock of Ternium SA (ADR) (NYSE:TX) has “Overweight” rating given on Monday, December 7 by Morgan Stanley. The firm has “Buy” rating given on Wednesday, February 24 by Citigroup.
According to Zacks Investment Research, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network.”
More recent Ternium SA (ADR) (NYSE:TX) news were published by: Investorplace.com which released: “13 Metals & Mining Stocks to Buy Now” on October 31, 2016. Also Benzinga.com published the news titled: “Latin American ADRs Getting Slaughtered, Brazilian Real And Crude Continue To …” on September 22, 2015. Investorplace.com‘s news article titled: “19 Metals & Mining Stocks to Buy Now” with publication date: July 11, 2016 was also an interesting one.
TX Company Profile
Ternium S.A. (Ternium), incorporated on February 3, 2004, is a producer of steel products. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Firm operates through two divisions: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating divisions: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. Galvanized and pre-painted sheets can be further processed into a range of corrugated sheets, trapezoidal sheets and other products to serve its customer requirements. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
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