Tenaris S.A. (NYSE:TS – Get Free Report) has been given an average recommendation of “Moderate Buy” by the ten research firms that are currently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $60.1167.
A number of brokerages have issued reports on TS. Morgan Stanley reiterated an “underweight” rating and set a $53.00 price objective on shares of Tenaris in a research note on Thursday, May 14th. Piper Sandler raised their price target on Tenaris from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, May 18th. TD Cowen reaffirmed a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Wall Street Zen cut shares of Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, June 27th. Finally, Weiss Ratings raised shares of Tenaris from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 25th.
Read Our Latest Report on Tenaris
Institutional Investors Weigh In On Tenaris
Tenaris Trading Down 0.3%
TS traded down $0.18 during midday trading on Tuesday, reaching $53.62. The company’s stock had a trading volume of 181,619 shares, compared to its average volume of 1,697,551. Tenaris has a 1 year low of $33.65 and a 1 year high of $64.60. The stock’s 50-day moving average is $60.45 and its 200-day moving average is $53.44. The firm has a market capitalization of $28.74 billion, a price-to-earnings ratio of 14.18, a PEG ratio of 1.31 and a beta of 0.84.
Tenaris (NYSE:TS – Get Free Report) last released its earnings results on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.20. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The firm had revenue of $3.10 billion during the quarter, compared to analyst estimates of $2.99 billion. During the same period last year, the business earned $0.94 earnings per share. The business’s revenue was up 6.1% on a year-over-year basis. As a group, equities research analysts forecast that Tenaris will post 3.67 earnings per share for the current fiscal year.
Tenaris Company Profile
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.
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