The stock of Ternium SA (ADR) (NYSE:TX) is a huge mover today! About 242,580 shares traded hands. Ternium SA (ADR) (NYSE:TX) has risen 19.81% since April 14, 2016 and is uptrending. It has outperformed by 15.13% the S&P500.
The move comes after 7 months negative chart setup for the $4.48 billion company. It was reported on Nov, 16 by Barchart.com. We have $21.02 PT which if reached, will make NYSE:TX worth $268.80 million less.
Ternium SA (ADR) (NYSE:TX) Ratings Coverage
Out of 4 analysts covering Ternium (NYSE:TX), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Ternium has been the topic of 8 analyst reports since August 10, 2015 according to StockzIntelligence Inc. The company was initiated on Monday, August 10 by Goldman Sachs. The firm has “Overweight” rating by Morgan Stanley given on Monday, December 7. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, May 9. Citigroup upgraded Ternium SA (ADR) (NYSE:TX) on Wednesday, February 24 to “Buy” rating. HSBC initiated the stock with “Buy” rating in Friday, May 13 report. The stock of Ternium SA (ADR) (NYSE:TX) has “Hold” rating given on Wednesday, November 9 by HSBC.
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.”
More news for Ternium SA (ADR) (NYSE:TX) were recently published by: Benzinga.com, which released: “Mid-Day Market Update: Inteliquent Jumps On Acquisition News; Fitbit Shares Slide” on November 03, 2016. Investorplace.com‘s article titled: “21 Metals & Mining Stocks to Buy Now” and published on November 07, 2016 is yet another important article.
TX Company Profile
Ternium S.A. (Ternium), incorporated on February 3, 2004, is a producer of steel products. The Firm produces finished and semi-finished steel products and iron ore, which are sold either directly to steel manufacturers, steel processors or end users. The Firm operates through two divisions: Steel and Mining. The Steel segment includes the sales of steel products and the Mining segment includes the sales of iron ore products, which are primarily inter-company. The Steel segment comprises three operating divisions: Mexico, the Southern Region and Other Markets. In the steel segment, steel products include slabs, billets and round bars (steel in its basic, semi-finished state), hot-rolled coils and sheets, bars and stirrups, wire rods, cold-rolled coils and sheets, tin plate, hot dipped galvanized and electrogalvanized sheets and pre-painted sheets, steel pipes and tubular products, beams, roll-formed products, and other products. Galvanized and pre-painted sheets can be further processed into a range of corrugated sheets, trapezoidal sheets and other products to serve its customer requirements. In the mining segment, iron ore is sold as concentrates (fines) and pellets.
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