Tenaris S.A. (NYSE:TS) Given Average Rating of “Moderate Buy” by Brokerages

Tenaris S.A. (NYSE:TS) has received an average rating of “Moderate Buy” from the ten analysts that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $62.1167.

A number of brokerages recently commented on TS. Morgan Stanley raised Tenaris from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $53.00 to $65.00 in a research note on Wednesday, July 15th. Zacks Research raised Tenaris from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 10th. Weiss Ratings cut Tenaris from a “buy (b)” rating to a “buy (b-)” rating in a report on Friday, July 10th. Wall Street Zen upgraded Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday, July 18th. Finally, Piper Sandler upped their price target on Tenaris from $56.00 to $60.00 and gave the company a “neutral” rating in a research note on Monday, May 18th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of TS. AQR Capital Management LLC grew its holdings in shares of Tenaris by 14.3% in the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after buying an additional 2,969 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Tenaris in the first quarter worth about $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Tenaris during the first quarter worth about $5,458,000. JPMorgan Chase & Co. raised its position in shares of Tenaris by 77.4% during the second quarter. JPMorgan Chase & Co. now owns 16,877 shares of the industrial products company’s stock worth $631,000 after purchasing an additional 7,363 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Tenaris by 4.2% during the 2nd quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock valued at $314,000 after purchasing an additional 338 shares in the last quarter. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Stock Performance

Shares of TS stock opened at $57.14 on Friday. The firm’s 50 day moving average price is $57.96 and its two-hundred day moving average price is $56.08. Tenaris has a 52-week low of $33.65 and a 52-week high of $64.60. The stock has a market cap of $30.62 billion, a PE ratio of 15.12, a PEG ratio of 1.38 and a beta of 0.85.

Tenaris (NYSE:TS) last issued its earnings results on Wednesday, August 5th. The industrial products company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.79 by $0.16. The company had revenue of $2.97 billion during the quarter, compared to analysts’ expectations of $2.93 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 down 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.50 EPS. As a group, sell-side analysts predict that Tenaris will post 3.75 earnings per share for the current fiscal year.

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.