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

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

TS has been the topic of several recent research reports. Piper Sandler upped their price target on Tenaris from $56.00 to $60.00 and gave the stock a “neutral” rating in a report on Monday, May 18th. Morgan Stanley restated an “underweight” rating and set a $53.00 price target on shares of Tenaris in a report on Thursday, May 14th. Stifel Nicolaus upped their price target on Tenaris from $45.00 to $57.00 and gave the stock a “buy” rating in a report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Tenaris in a report on Wednesday, March 18th. Finally, Barclays upped their price target on Tenaris to $82.00 and gave the stock an “overweight” rating in a report on Friday, May 8th.

Tenaris Price Performance

Shares of NYSE TS opened at $60.15 on Friday. The stock’s 50-day moving average is $61.40 and its two-hundred day moving average is $51.89. Tenaris has a 1-year low of $33.65 and a 1-year high of $64.60. The company has a market cap of $32.24 billion, a price-to-earnings ratio of 15.91, a price-to-earnings-growth ratio of 1.49 and a beta of 0.82.

Tenaris (NYSE:TS) last issued its quarterly earnings results 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. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The company had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $2.99 billion. During the same quarter in the prior year, the business earned $0.94 EPS. Tenaris’s revenue was up 6.1% on a year-over-year basis. Equities research analysts anticipate that Tenaris will post 3.67 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Tenaris during the 4th quarter worth about $48,000. Raymond James Financial Inc. acquired a new position in shares of Tenaris during the 2nd quarter worth about $49,000. Advisory Services Network LLC acquired a new position in shares of Tenaris during the 3rd quarter worth about $47,000. Global Retirement Partners LLC boosted its position in shares of Tenaris by 1,066.7% during the 4th quarter. Global Retirement Partners LLC now owns 1,505 shares of the industrial products company’s stock worth $58,000 after acquiring an additional 1,376 shares in the last quarter. Finally, TD Private Client Wealth LLC boosted its position in shares of Tenaris by 4,675.8% during the 4th quarter. TD Private Client Wealth LLC now owns 1,576 shares of the industrial products company’s stock worth $61,000 after acquiring an additional 1,543 shares in the last quarter. 10.45% of the stock is owned by institutional investors and hedge funds.

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.