Tenaris S.A. (NYSE:TS) Receives $42.72 Consensus Price Target from Brokerages

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus rating of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $42.72.

Several research analysts have recently weighed in on the stock. TD Cowen reissued a “buy” rating on shares of Tenaris in a report on Wednesday, January 7th. Stifel Nicolaus lifted their target price on shares of Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a research report on Wednesday, November 12th. Oddo Bhf upgraded shares of Tenaris to an “outperform” rating in a research note on Thursday. Morgan Stanley set a $38.00 price target on Tenaris and gave the stock an “underweight” rating in a research note on Wednesday, January 21st. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research report on Monday, December 29th.

Hedge Funds Weigh In On Tenaris

Institutional investors have recently made changes to their positions in the business. Ameritas Advisory Services LLC bought a new stake in Tenaris during the second quarter valued at approximately $28,000. Blue Trust Inc. grew its position in shares of Tenaris by 48.8% during the 2nd quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 357 shares during the period. Advisory Services Network LLC bought a new stake in shares of Tenaris during the 3rd quarter valued at $47,000. Raymond James Financial Inc. purchased a new stake in shares of Tenaris in the 2nd quarter worth $49,000. Finally, Farther Finance Advisors LLC raised its holdings in Tenaris by 100.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after purchasing an additional 725 shares during the period. Institutional investors own 10.45% of the company’s stock.

Tenaris Price Performance

TS stock opened at $47.47 on Friday. The stock has a market capitalization of $27.60 billion, a P/E ratio of 12.76, a P/E/G ratio of 12.43 and a beta of 0.95. Tenaris has a 1-year low of $30.06 and a 1-year high of $47.59. The business has a fifty day moving average price of $41.46 and a 200-day moving average price of $38.49.

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.