Brokerages Set Tenaris S.A. (NYSE:TS) PT at $62.12

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

Several research analysts have recently commented on TS shares. Zacks Research raised shares of Tenaris from a “hold” rating to a “strong-buy” rating in a report on Friday, July 10th. Barclays increased their price target on Tenaris to $82.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Weiss Ratings lowered Tenaris from a “buy (b)” rating to a “buy (b-)” rating in a research note on Friday, July 10th. Piper Sandler lifted their price objective on Tenaris from $56.00 to $60.00 and gave the company a “neutral” rating in a report on Monday, May 18th. Finally, Wall Street Zen raised Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, July 18th.

Tenaris Stock Performance

TS stock opened at $57.13 on Friday. The company’s 50-day simple moving average is $58.13 and its 200 day simple moving average is $55.86. Tenaris has a 52 week low of $33.65 and a 52 week high of $64.60. The company has a market capitalization of $30.62 billion, a PE ratio of 15.12, a price-to-earnings-growth ratio of 1.36 and a beta of 0.85.

Tenaris (NYSE:TS) last issued its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $0.87 by $0.20. The business had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Tenaris had a net margin of 16.17% and a return on equity of 11.53%. The business’s revenue was up 6.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.94 EPS. On average, analysts forecast that Tenaris will post 3.75 EPS for the current year.

Institutional Inflows and Outflows

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

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.