Ternium (NYSE:TX) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Ternium S.A. (NYSE:TX) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $40.70 and traded as high as $47.25. Ternium shares last traded at $46.9870, with a volume of 837,146 shares traded.

Analysts Set New Price Targets

A number of research firms have issued reports on TX. Wells Fargo & Company raised their price target on shares of Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a research report on Thursday, May 7th. UBS Group raised their price target on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a research report on Thursday, April 2nd. Wall Street Zen raised shares of Ternium from a “buy” rating to a “strong-buy” rating in a research report on Sunday, May 17th. Itau BBA Securities raised shares of Ternium to an “outperform” rating in a report on Sunday. Finally, Zacks Research lowered shares of Ternium from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 29th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $44.94.

Ternium Stock Performance

The company has a current ratio of 2.63, a quick ratio of 1.53 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $9.42 billion, a PE ratio of 16.15 and a beta of 1.26. The firm’s fifty day moving average price is $42.07 and its two-hundred day moving average price is $40.70.

Ternium (NYSE:TX) last posted its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share for the quarter. The firm had revenue of $3.93 billion during the quarter. Ternium had a net margin of 3.66% and a return on equity of 3.70%. As a group, equities research analysts forecast that Ternium S.A. will post 4.04 EPS for the current year.

Hedge Funds Weigh In On Ternium

Institutional investors have recently made changes to their positions in the company. EverSource Wealth Advisors LLC grew its stake in Ternium by 49.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 704 shares of the basic materials company’s stock valued at $27,000 after acquiring an additional 232 shares during the period. Parallel Advisors LLC grew its stake in Ternium by 101.3% in the 1st quarter. Parallel Advisors LLC now owns 805 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 405 shares during the period. Atlas Capital Advisors Inc. acquired a new stake in Ternium in the 4th quarter valued at $36,000. Camelot Portfolios LLC acquired a new stake in Ternium in the 4th quarter valued at $38,000. Finally, Advisory Services Network LLC acquired a new stake in Ternium in the 3rd quarter valued at $38,000. 11.98% of the stock is owned by hedge funds and other institutional investors.

About Ternium

Ternium SA (NYSE:TX) is a leading vertically integrated steel producer with operations across the Americas. The company manufactures a broad range of flat and long steel products, including hot?rolled and cold?rolled coils, galvanized and tin-coated sheets, plates, rebars, wire rods, bars and structural sections. These products serve diverse end markets such as automotive, construction, energy, industrial machinery, home appliances and packaging.

Established in 2005 through the consolidation of steel assets in Argentina and Mexico, Ternium has grown to operate major production facilities in Argentina, Brazil, Mexico, Colombia, Central America and the United States.