Shares of Tenaris S.A. (NYSE:TS – Get Free Report) have been assigned an average rating of “Moderate Buy” from the ten research firms that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $60.1167.
Several analysts recently commented on the stock. Wall Street Zen lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Stifel Nicolaus upped their price target on Tenaris from $45.00 to $57.00 and gave the company a “buy” rating in a report on Monday, February 23rd. TD Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Weiss Ratings raised Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th. Finally, Morgan Stanley restated an “underweight” rating and issued a $53.00 target price on shares of Tenaris in a report on Thursday, May 14th.
Tenaris Trading Down 0.2%
Tenaris (NYSE:TS – Get Free Report) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share for the quarter, beating the consensus estimate of $0.87 by $0.20. The company had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.99 billion. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The business’s revenue for the quarter was up 6.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 EPS. On average, equities analysts predict that Tenaris will post 3.67 EPS for the current fiscal year.
Hedge Funds Weigh In On Tenaris
Institutional investors have recently bought and sold shares of the stock. BSW Wealth Partners raised its holdings in Tenaris by 3.0% during the 4th quarter. BSW Wealth Partners now owns 7,924 shares of the industrial products company’s stock worth $305,000 after buying an additional 232 shares during the period. Commonwealth Equity Services LLC boosted its holdings in shares of Tenaris by 2.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 11,469 shares of the industrial products company’s stock worth $441,000 after buying an additional 241 shares during the period. Lazard Asset Management LLC increased its position in shares of Tenaris by 0.5% in the first quarter. Lazard Asset Management LLC now owns 58,252 shares of the industrial products company’s stock worth $3,389,000 after acquiring an additional 284 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Tenaris by 4.2% during the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after acquiring an additional 338 shares during the period. Finally, JPMorgan Chase & Co. raised its holdings in shares of Tenaris by 2.1% during the third quarter. JPMorgan Chase & Co. now owns 17,229 shares of the industrial products company’s stock valued at $616,000 after acquiring an additional 352 shares during the period. Hedge funds and other institutional investors own 10.45% of the company’s stock.
About Tenaris
Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.
Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.
Read More
- Five stocks we like better than Tenaris
- SpaceX IPO: Opportunity? Or the Ultimate Hype Trade?
- CAVA Group’s Stock Looks Delicious After Strong Earnings
- Lowe’s Finds Support at $215 After Q1 Earnings Sell-Off
- Deere Beats Q2 Estimates, But Ag Weakness Weighs on Outlook
Receive News & Ratings for Tenaris Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris and related companies with MarketBeat.com's FREE daily email newsletter.
