Ternium S.A (NYSE:TX) Stock Upgrade
The rating of Ternium S.A (NYSE:TX) shares have been hiked by analysts at Morgan Stanley from their previous Equal-weight rating to a solid Overweight via an analyst research report shared with investors and clients on Monday, 7 December. Morgan Stanley presently has a $20.00 target price per share shares and their target price per share indicates a possible upside of 52.32%.
The stock decreased 2.09% or $0.28 on December 4, striking $13.13. Approximately shares of stock traded hands. Ternium SA (ADR) (NYSE:TX) has declined 38.01% since May 4, 2015 and is downtrending. It has underperformed by 36.93% the S&P500.
Ternium S.A. is a steel producer in Latin America. The company has a market cap of $2.63 billion. The Firm makes 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 currently has negative earnings. It operates through two divisions: Steel and Mining.
According to Zacks Investment Research, “Ternium is the leading producer of flat and long steel products of Latin America and consolidates the operations of the steel companies Hylsa in Mexico, Siderar in Argentina and Sidor in Venezuela. It create value with our customers, jointly improving competitiveness and productivity, through a highly efficient industrial and technological base and a global commercial network.” Get a free copy of the Zacks research report on Ternium SA (ADR) (TX).