Ternium S.A. (TX) : Zacks Investment Research ranks Ternium S.A. (TX) as 2, which is a Buy recommendation. 1 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. A total of 2 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 3 research analysts is 2.33, which indicates as a Buy.
Ternium S.A. (TX) stock is expected to deviate a maximum of $2.5 from the average target price of $23.38 for the short term period. 4 Street Experts have initiated coverage on the stock with the most promising target being $27 and the most muted being $22.
Also, JP Morgan maintains its view on Ternium S.A. (NYSE:TX) according to the research report released by the firm to its investors. The shares have now been rated Overweight by the stock experts at the ratings house. JP Morgan raises the price target from $27 per share to $29.5 per share on Ternium S.A.. The rating by the firm was issued on August 5, 2016.
Ternium S.A. (NYSE:TX): After opening at $18.72, the stock dipped to an intraday low of $18.6 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $19.33 and the buying power remained strong till the end. The stock closed at $19.33 for the day, a gain of 4.04% for the day session. The total traded volume was 842,601. The stocks close on the previous trading day was $18.58.
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.