JP Morgan Maintains Ternium SA (ADR) to Overweight with Price Target $29.50

Brokerage firm JP Morgan Maintains its rating on Ternium SA (ADR)(NYSE:TX). In a research note issued to the investors, the brokerage major Raises the price-target to $29.50 per share. The shares have been rated Overweight. The rating by JP Morgan was issued on Aug 5, 2016.

In a different note, On Jul 20, 2016, UBS said it Downgrades its rating on Ternium SA (ADR). The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, JP Morgan said it Maintains its rating on Ternium SA (ADR). In the research note, the firm Raises the price-target to $24.00 per share. The shares have been rated ‘Overweight’ by the firm. HSBC said it Initiates Coverage on Ternium SA (ADR), according to a research note issued on May 13, 2016. The shares have been rated ‘Buy’ by the firm. On May 9, 2016, Morgan Stanley said it Downgrades its rating on Ternium SA (ADR). The shares have been rated ‘Equal-weight’ by the firm.

Ternium SA (ADR) (TX) shares turned negative on Wednesdays trading session with the shares closing down -0.18 points or -0.81% at a volume of 1,61,849. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $22.125. The peak price level was also seen at $22.125 while the days lowest was $21.76. Finally the shares closed at $21.94. The 52-week high of the shares is $23.595 while the 52-week low is $10.28. According to the latest information available, the market cap of the company is $4,307 M.

Ternium SA (ADR)(TX) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.86B. Analysts had an estimated revenue of $1.96B. Earnings per share were $0.78. Analysts had estimated an EPS of $0.52.

Ternium S.A. is a steel producer in Latin America. The Company manufactures and processes a range of steel products including galvanized and electro-galvanized sheets pre-painted sheets tinplate welded pipes hot-rolled flat products cold-rolled products bars and wire rods as well as slitted and cut-to-length offerings through its service centers. It operates through two segments: Steel and Mining. The Steel segment includes the sales of steel products which comprises slabs hot rolled coils and sheets cold rolled coils and sheets tin plate welded pipes hot dipped galvanized and electro-galvanized sheets pre-painted sheets billets wire rod and bars and other products to serve its customers. The Steel segment comprises three operating segments: Mexico Southern Region and Other markets. The Mining segment includes the sales of mining products mainly iron ore and pellets and comprises the mining activities of Las Encinas Pena Colorada another iron ore mining company.

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