Tenaris Price Target Lowered to $43.00 at Guggenheim (TS)
Research analysts at Guggenheim dropped their target price on shares of Tenaris (NYSE: TS) from $45.00 to $43.00 in a report released on Monday. The firm currently has a “neutral” rating on the stock.
Shares of Tenaris traded down 1.40% during mid-day trading on Monday, hitting $40.05. Tenaris has a one year low of $29.79 and a one year high of $44.88. The stock’s 50-day moving average is currently $41.18. The company has a market cap of $23.640 billion and a P/E ratio of 14.11.
Tenaris last released its earnings data on Thursday, February 21st. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.25. The company had revenue of $2.76 billion for the quarter, compared to the consensus estimate of $2.73 billion. During the same quarter in the previous year, the company posted $0.68 earnings per share. The company’s revenue for the quarter was up .3% on a year-over-year basis. Analysts expect that Tenaris will post $3.13 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TS. Analysts at Dahlman Rose cut their price target on shares of Tenaris from $45.00 to $43.00 in a research note to investors on Monday, February 25th. They now have a “hold” rating on the stock. Finally, analysts at UBS AG downgraded shares of Tenaris from a “buy” rating to a “neutral” rating in a research note to investors on Monday, February 4th.
Four investment analysts have rated the stock with a buy rating, two have issued an overweight rating, eighteen have assigned a hold rating, one has issued an underweight rating, and two have given a sell rating to the company’s stock. Tenaris presently has a consensus rating of “hold” and a consensus price target of $44.31.
Tenaris SA is a Luxembourg-based holding company active in the supply of tubes and related services mainly for the energy industry and certain other industrial applications.
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