Tenaris S.A. (NYSE:TS) Receives Consensus Rating of “Moderate Buy” from Analysts

Tenaris S.A. (NYSE:TS) has been given an average recommendation of “Moderate Buy” by the ten analysts that are presently covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $60.1167.

Several brokerages have issued reports on TS. Weiss Ratings upgraded shares of Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, April 24th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $49.70 target price on shares of Tenaris in a report on Monday, February 23rd. TD Cowen reaffirmed a “buy” rating on shares of Tenaris in a report on Wednesday, March 18th. Wall Street Zen raised shares of Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Finally, Barclays raised their target price on shares of Tenaris to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 8th.

Tenaris Stock Performance

Shares of NYSE:TS opened at $57.13 on Friday. Tenaris has a 52-week low of $33.65 and a 52-week high of $64.60. The company has a market capitalization of $30.62 billion, a P/E ratio of 15.11, a price-to-earnings-growth ratio of 1.43 and a beta of 0.82. The company has a 50-day simple moving average of $61.38 and a 200 day simple moving average of $52.14.

Tenaris (NYSE:TS) last issued 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 business had revenue of $3.10 billion during the quarter, compared to the consensus estimate of $2.99 billion. During the same period last year, the business posted $0.94 EPS. Tenaris’s revenue was up 6.1% on a year-over-year basis. As a group, equities analysts forecast that Tenaris will post 3.67 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Optiver Holding B.V. grew its stake in shares of Tenaris by 186.8% during the third quarter. Optiver Holding B.V. now owns 905,328 shares of the industrial products company’s stock worth $32,384,000 after buying an additional 589,625 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Tenaris by 8.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 656,439 shares of the industrial products company’s stock worth $25,240,000 after buying an additional 53,553 shares during the last quarter. Quantbot Technologies LP grew its stake in shares of Tenaris by 166.3% during the third quarter. Quantbot Technologies LP now owns 75,933 shares of the industrial products company’s stock worth $2,716,000 after buying an additional 47,417 shares during the last quarter. Citigroup Inc. grew its stake in shares of Tenaris by 36.0% during the third quarter. Citigroup Inc. now owns 67,350 shares of the industrial products company’s stock worth $2,409,000 after buying an additional 17,813 shares during the last quarter. Finally, Assetmark Inc. grew its stake in shares of Tenaris by 4.9% during the fourth quarter. Assetmark Inc. now owns 503,917 shares of the industrial products company’s stock worth $19,376,000 after buying an additional 23,702 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

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.