Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Ternium SA (NYSE: TX) weakened of late. TX’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
Ternium SA (NYSE: TX) stock enjoyed a large increase of 2.9% on 9/13/24. The stock closed at $33.35. Moreover, trading volume in this advance was above average at 122% of normal. The stock has been weak relative to the market over the last nine months but has risen 2.4% during the last week.
Current PriceTarget Research Rating
TX’s future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a Value Builder.
Ternium has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Ternium has a very high Appreciation Score of 97 but a poor Power Rating of 21, leading to the High Neutral Value Trend Rating.
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