Ternium (NYSE:TX) Shares Cross Above 200-Day Moving Average – Should You Sell?

Ternium S.A. (NYSE:TX) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $41.16 and traded as high as $51.73. Ternium shares last traded at $51.3070, with a volume of 1,286,634 shares.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on TX. Bank of America upgraded shares of Ternium from a “neutral” rating to a “buy” rating and set a $46.00 price objective on the stock in a report on Monday, April 13th. Bradesco Corretora upgraded shares of Ternium to an “outperform” rating and set a $62.00 price objective on the stock in a report on Tuesday, May 19th. Wells Fargo & Company upped their price objective on shares of Ternium from $36.00 to $43.00 and gave the stock an “underweight” rating in a report on Thursday, May 7th. UBS Group upped their price objective on shares of Ternium from $39.00 to $41.00 and gave the stock a “neutral” rating in a report on Thursday, April 2nd. Finally, Scotiabank restated a “sector perform” rating and issued a $40.00 price objective on shares of Ternium in a report on Thursday, March 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $46.35.

Ternium Trading Down 2.7%

The firm’s 50 day moving average price is $43.69 and its 200-day moving average price is $41.36. The stock has a market cap of $9.99 billion, a P/E ratio of 17.13 and a beta of 1.28. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.63 and a quick ratio of 1.53.

Ternium (NYSE:TX) last issued its earnings results on Tuesday, March 31st. The basic materials company reported $1.10 earnings per share (EPS) for the quarter. The firm had revenue of $3.93 billion for 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 4.73 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC lifted its stake in shares of Ternium by 8.0% in the first quarter. Lazard Asset Management LLC now owns 6,336,127 shares of the basic materials company’s stock worth $254,395,000 after buying an additional 469,846 shares in the last quarter. Donald Smith & CO. Inc. lifted its position in Ternium by 1.8% during the fourth quarter. Donald Smith & CO. Inc. now owns 3,808,645 shares of the basic materials company’s stock valued at $145,452,000 after purchasing an additional 66,062 shares during the period. Schroder Investment Management Group lifted its position in Ternium by 4.7% during the third quarter. Schroder Investment Management Group now owns 2,279,273 shares of the basic materials company’s stock valued at $79,159,000 after purchasing an additional 101,748 shares during the period. Cape Ann Asset Management Ltd lifted its position in Ternium by 20.5% during the fourth quarter. Cape Ann Asset Management Ltd now owns 1,068,649 shares of the basic materials company’s stock valued at $40,812,000 after purchasing an additional 182,000 shares during the period. Finally, Prudential PLC lifted its position in Ternium by 5.5% during the third quarter. Prudential PLC now owns 717,593 shares of the basic materials company’s stock valued at $24,922,000 after purchasing an additional 37,408 shares during the period. Institutional investors own 11.98% of the company’s stock.

Ternium Company Profile

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.