Ternium SA (ADR) (TX) Can’t Be More Hot. Just Reaches 52-Week High

July 17, 2017 - By Vivian Currie

The stock of Ternium SA (ADR) (NYSE:TX) hit a new 52-week high and has $30.87 target or 4.00 % above today’s $29.68 share price. The 5 months bullish chart indicates low risk for the $5.95 billion company. The 1-year high was reported on Jul, 17 by Barchart.com. If the $30.87 price target is reached, the company will be worth $238.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

About 569,970 shares traded or 60.94% up from the average. Ternium SA (ADR) (NYSE:TX) has risen 39.67% since July 17, 2016 and is uptrending. It has outperformed by 22.97% the S&P500.

Wall Street await Ternium SA (ADR) (NYSE:TX) to release earnings on August, 1. Analysts forecast EPS of $0.80, up exactly $0.02 or 2.56 % from 2014’s $0.78 EPS. The expected TX’s profit could reach $160.38M giving the stock 9.28 P/E in the case that $0.80 earnings per share is reported. After posting $1.33 EPS for the previous quarter, Ternium SA (ADR)’s analysts now forecast -39.85 % negative EPS growth.

Ternium SA (ADR) (NYSE:TX) Ratings Coverage

Among 5 analysts covering Ternium (NYSE:TX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Ternium had 10 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, November 9 the stock rating was downgraded by HSBC to “Hold”. The firm has “Overweight” rating by Morgan Stanley given on Monday, December 7. The firm earned “Buy” rating on Wednesday, February 24 by Citigroup. The rating was initiated by Goldman Sachs with “Buy” on Monday, August 10. The rating was initiated by HSBC on Friday, May 13 with “Buy”. Morgan Stanley downgraded Ternium SA (ADR) (NYSE:TX) rating on Monday, May 9. Morgan Stanley has “Equal-Weight” rating and $20 target.

More recent Ternium SA (ADR) (NYSE:TX) news were published by: Marketwatch.com which released: “Ternium to acquire CSA Siderurgica do Atlantico from thyssenkrupp AG” on February 21, 2017. Also Quotes.Wsj.com published the news titled: “TERNIUM SA ADR” on February 11, 2011. Valuewalk.com‘s news article titled: “Undervalued Ternium SA (ADR) Well Positioned For Growth With Its CSA Acquisition” with publication date: February 27, 2017 was also an interesting one.

Ternium S.A. is a producer of steel products. The company has market cap of $5.95 billion. 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. It has a 7.64 P/E ratio. The Firm operates through two divisions: Steel and Mining.

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