Analysts Set Tenaris S.A. (NYSE:TS) Price Target at $57.28

Shares of Tenaris S.A. (NYSE:TS) have earned an average recommendation of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $57.2833.

Several brokerages have recently commented on TS. Stifel Nicolaus lifted their target price on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a research report on Monday, February 23rd. The Goldman Sachs Group reiterated a “neutral” rating and issued a $49.70 target price on shares of Tenaris in a research report on Monday, February 23rd. Barclays lifted their target price on Tenaris from $56.00 to $72.00 and gave the stock an “overweight” rating in a research report on Monday, April 20th. Wall Street Zen lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, Morgan Stanley lifted their target price on Tenaris from $40.00 to $50.00 and gave the stock an “underweight” rating in a research report on Wednesday, April 15th.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in TS. Advisory Services Network LLC acquired a new position in shares of Tenaris in the 3rd quarter worth approximately $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Tenaris in the 4th quarter worth approximately $48,000. Raymond James Financial Inc. acquired a new position in Tenaris during the 2nd quarter valued at approximately $49,000. Farther Finance Advisors LLC boosted its position in Tenaris by 100.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 725 shares during the period. Finally, CWM LLC boosted its position in Tenaris by 57.7% during the 3rd quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 571 shares during the period. Institutional investors and hedge funds own 10.45% of the company’s stock.

Tenaris Stock Up 1.0%

Shares of NYSE TS opened at $63.23 on Thursday. Tenaris has a fifty-two week low of $31.76 and a fifty-two week high of $63.38. The business has a 50 day moving average price of $56.22 and a two-hundred day moving average price of $45.94. The firm has a market cap of $33.89 billion, a PE ratio of 17.32, a price-to-earnings-growth ratio of 2.21 and a beta of 0.81.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Sunday, February 15th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The firm had revenue of $3 billion during the quarter, compared to analyst estimates of $2.95 billion. During the same quarter last year, the firm earned $0.94 EPS. Tenaris’s quarterly revenue was up 5.3% on a year-over-year basis. On average, analysts anticipate that Tenaris will post 3.48 earnings per share for the current year.

Tenaris Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 20th. Stockholders of record on Tuesday, May 19th will be given a $1.20 dividend. The ex-dividend date is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris’s dividend payout ratio (DPR) is presently 65.75%.

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.