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Ternium (NYSE:TX - Get Rating) was upgraded by research analysts at StockNews.com from a "buy" rating to a "strong-buy" rating in a research report issued on Thursday.

Separately, Morgan Stanley lowered their price objective on Ternium from $48.00 to $39.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 6th. Three analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $56.11.

TX opened at $33.78 on Thursday. The stock has a market cap of $6.77 billion, a PE ratio of 1.66 and a beta of 1.59. The company has a quick ratio of 1.86, a current ratio of 3.20 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $39.30 and a 200-day moving average of $42.08. Ternium has a 52 week low of $33.37 and a 52 week high of $56.86.

Ternium (NYSE:TX - Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The basic materials company reported $3.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.92 by $1.03. The business had revenue of $4.30 billion during the quarter, compared to analysts' expectations of $4.25 billion. Ternium had a return on equity of 34.27% and a net margin of 23.32%. During the same quarter in the previous year, the business earned $3.07 earnings per share. Equities analysts anticipate that Ternium will post 13.27 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Ternium by 12.0% in the first quarter. Bank of America Corp DE now owns 709,171 shares of the basic materials company's stock worth $32,373,000 after acquiring an additional 75,872 shares during the period. BNP Paribas Arbitrage SA grew its holdings in shares of Ternium by 262.6% in the first quarter. BNP Paribas Arbitrage SA now owns 26,771 shares of the basic materials company's stock worth $1,222,000 after acquiring an additional 19,387 shares during the period. Advisors Asset Management Inc. grew its holdings in shares of Ternium by 17.1% in the first quarter. Advisors Asset Management Inc. now owns 21,422 shares of the basic materials company's stock worth $978,000 after acquiring an additional 3,126 shares during the period. Mirabella Financial Services LLP bought a new stake in shares of Ternium in the first quarter worth $868,000. Finally, Royal Bank of Canada grew its holdings in shares of Ternium by 792.2% in the first quarter. Royal Bank of Canada now owns 18,754 shares of the basic materials company's stock worth $856,000 after acquiring an additional 16,652 shares during the period. Hedge funds and other institutional investors own 12.28% of the company's stock.

Ternium SA manufactures, processes, and sells various steel products in Mexico, Argentina, Paraguay, Chile, Bolivia, Uruguay, Brazil, the United States, Colombia, Guatemala, Costa Rica, Honduras, El Salvador, and Nicaragua. It operates through two segments, Steel and Mining. The Steel segment offers slabs, billets and round bars, hot rolled flat products, merchant bars, reinforcing bars, stirrups and rods, tin plate and galvanized products, tubes, beams, insulated panels, roofing and cladding, roof tiles, steel decks, pre-engineered metal building systems, and pig iron products; and sells energy.

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