Cowen and Company set a $28.00 price target on Tenaris S.A. (NYSE:TS) in a research note published on Friday. The firm currently has a hold rating on the industrial products company’s stock.

A number of other equities research analysts have also recently issued reports on TS. BidaskClub cut Tenaris from a hold rating to a sell rating in a research note on Saturday. Zacks Investment Research upgraded Tenaris from a strong sell rating to a hold rating in a research note on Saturday, April 29th. Scotiabank set a $40.00 target price on Tenaris and gave the company a buy rating in a research note on Thursday, August 3rd. Loop Capital upgraded Tenaris from a hold rating to a buy rating and set a $39.00 target price on the stock in a research note on Wednesday, May 17th. Finally, Simmons reiterated an overweight rating and issued a $35.50 target price (down from $39.00) on shares of Tenaris in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and a consensus target price of $35.35.

Tenaris (NYSE TS) opened at 28.32 on Friday. Tenaris has a 12 month low of $25.19 and a 12 month high of $37.21. The stock has a market cap of $16.72 billion, a P/E ratio of 69.07 and a beta of 0.63. The firm’s 50-day moving average is $31.29 and its 200-day moving average is $32.42.

COPYRIGHT VIOLATION NOTICE: “Tenaris S.A. (TS) PT Set at $28.00 by Cowen and Company” was first published by Daily Political and is owned by of Daily Political. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.dailypolitical.com/2017/08/08/tenaris-s-a-ts-pt-set-at-28-00-by-cowen-and-company.html.

Several large investors have recently modified their holdings of TS. MARSHALL WACE ASIA Ltd bought a new stake in shares of Tenaris during the first quarter worth $47,489,000. Marshall Wace North America L.P. bought a new stake in shares of Tenaris during the first quarter worth $47,489,000. Renaissance Technologies LLC bought a new stake in shares of Tenaris during the first quarter worth $32,539,000. Wells Fargo & Company MN boosted its stake in shares of Tenaris by 95.8% in the first quarter. Wells Fargo & Company MN now owns 1,548,753 shares of the industrial products company’s stock worth $52,875,000 after buying an additional 757,748 shares in the last quarter. Finally, Ruffer LLP boosted its stake in shares of Tenaris by 20.4% in the first quarter. Ruffer LLP now owns 3,137,174 shares of the industrial products company’s stock worth $104,916,000 after buying an additional 532,168 shares in the last quarter. Institutional investors and hedge funds own 18.67% of the company’s stock.

About Tenaris

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

Analyst Recommendations for Tenaris (NYSE:TS)

Receive News & Ratings for Tenaris S.A. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenaris S.A. and related companies with MarketBeat.com's FREE daily email newsletter.