Tenaris S.A. (NYSE:TS) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Tenaris S.A. (NYSE:TS) have been given a consensus recommendation of “Moderate Buy” by the ten brokerages that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $60.1167.

Several brokerages have recently weighed in on TS. Barclays increased their price objective on shares of Tenaris to $82.00 and gave the stock an “overweight” rating in a research note on Friday, May 8th. TD Cowen reiterated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. Morgan Stanley reiterated an “underweight” rating and set a $53.00 price target on shares of Tenaris in a research note on Thursday, May 14th. Weiss Ratings raised shares of Tenaris from a “buy (b-)” rating to a “buy (b)” rating in a research report on Thursday, June 25th. Finally, Piper Sandler upped their price objective on Tenaris from $56.00 to $60.00 and gave the stock a “neutral” rating in a research note on Monday, May 18th.

Tenaris Stock Down 0.3%

TS traded down $0.18 during mid-day trading on Tuesday, reaching $53.62. 181,619 shares of the company traded hands, compared to its average volume of 1,697,551. The company’s fifty day moving average price is $60.45 and its 200-day moving average price is $53.44. The stock has a market capitalization of $28.74 billion, a P/E ratio of 14.18, a P/E/G ratio of 1.31 and a beta of 0.84. Tenaris has a 52-week low of $33.65 and a 52-week high of $64.60.

Tenaris (NYSE:TS) last posted its quarterly earnings data on Thursday, May 7th. The industrial products company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.20. The company had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.99 billion. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.Tenaris’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.94 earnings per share. As a group, sell-side analysts forecast that Tenaris will post 3.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. AQR Capital Management LLC grew its stake in shares of Tenaris by 14.3% during the 1st quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after acquiring an additional 2,969 shares during the period. Integrated Wealth Concepts LLC purchased a new position in Tenaris during the first quarter valued at approximately $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Tenaris in the first quarter worth approximately $5,458,000. JPMorgan Chase & Co. boosted its position in shares of Tenaris by 77.4% in 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 increased its stake in shares of Tenaris by 4.2% in the second quarter. Rhumbline Advisers now owns 8,387 shares of the industrial products company’s stock worth $314,000 after purchasing an additional 338 shares in the last quarter. Institutional investors own 10.45% of the company’s stock.

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.