Ternium (NYSE:TX - Get Free Report) had its price target cut by research analysts at The Goldman Sachs Group from $45.00 to $39.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. The Goldman Sachs Group's target price points to a potential upside of 27.45% from the company's previous close.
Separately, StockNews.com lowered Ternium from a "buy" rating to a "hold" rating in a research note on Thursday, November 14th.
Check Out Our Latest Research Report on Ternium
Ternium Price Performance
Shares of TX stock traded up $0.67 during trading hours on Thursday, reaching $30.60. 221,772 shares of the company were exchanged, compared to its average volume of 225,480. Ternium has a fifty-two week low of $28.37 and a fifty-two week high of $44.44. The company has a debt-to-equity ratio of 0.11, a current ratio of 2.92 and a quick ratio of 1.67. The stock's fifty day moving average is $29.79 and its two-hundred day moving average is $32.85. The company has a market cap of $6.01 billion, a price-to-earnings ratio of 76.50, a P/E/G ratio of 0.34 and a beta of 1.76.
Institutional Trading of Ternium
Several institutional investors and hedge funds have recently made changes to their positions in TX. GAMMA Investing LLC increased its stake in Ternium by 72.1% during the 3rd quarter. GAMMA Investing LLC now owns 919 shares of the basic materials company's stock worth $34,000 after purchasing an additional 385 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich bought a new position in shares of Ternium during the 4th quarter worth approximately $54,000. R Squared Ltd bought a new stake in shares of Ternium in the fourth quarter worth $88,000. SBI Securities Co. Ltd. bought a new stake in Ternium during the 4th quarter worth about $104,000. Finally, Blue Trust Inc. boosted its stake in shares of Ternium by 216.9% during the 3rd quarter. Blue Trust Inc. now owns 4,535 shares of the basic materials company's stock worth $170,000 after buying an additional 3,104 shares during the last quarter. Institutional investors own 11.98% of the company's stock.
Ternium Company Profile
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Ternium SA, together with its subsidiaries, manufactures and distributes steel products in Mexico, Southern Region, Brazil, and internationally. It operates through three segments: Steel, Mining, and Usiminas. The Steel segment offers slabs, hot and cold rolled products, coated products, roll formed and tubular products, bars, billets, and other products.
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