The stock of Ternium SA (ADR) (NYSE:TX) is a huge mover today! The stock increased 13.83% or $3.16 during the last trading session, hitting $26.01. About 1.28 million shares traded hands or 302.19% up from the average. Ternium SA (ADR) (NYSE:TX) has risen 25.36% since April 1, 2016 and is uptrending. It has outperformed by 24.14% the S&P500.
The move comes after 8 months positive chart setup for the $5.09B company. It was reported on Nov, 3 by Barchart.com. We have $37.19 PT which if reached, will make NYSE:TX worth $2.19B more.
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 “Overweight” rating by Morgan Stanley given on Monday, December 7. The firm has “Buy” rating given on Wednesday, February 24 by Citigroup. The stock of Ternium SA (ADR) (NYSE:TX) has “Buy” rating given on Monday, August 10 by Goldman Sachs. The company was initiated on Friday, May 13 by HSBC. The firm earned “Equal-Weight” rating on Monday, May 9 by Morgan Stanley.
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: Benzinga.com which released: “Mid-Afternoon Market Update: Crude Oil Down 2%; Metaldyne Performance Group …” on November 03, 2016. Also Benzinga.com published the news titled: “Mid-Day Market Update: Inteliquent Jumps On Acquisition News; Fitbit Shares Slide” on November 03, 2016. Investorplace.com‘s news article titled: “13 Metals & Mining Stocks to Buy Now” with publication date: October 31, 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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