Credit Suisse Group upgraded shares of Tenaris (NYSE:TS) from a neutral rating to an outperform rating in a research note released on Friday, Marketbeat.com reports.
A number of other equities analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Tenaris from a hold rating to a strong-buy rating and set a $37.00 price target for the company in a research note on Friday, January 5th. Macquarie raised shares of Tenaris from an underperform rating to a neutral rating in a research note on Friday, November 17th. Loop Capital increased their price target on shares of Tenaris from $36.00 to $37.00 and gave the stock a buy rating in a research note on Friday, November 3rd. Barclays started coverage on shares of Tenaris in a research note on Wednesday, December 20th. They issued an overweight rating and a $39.00 price target for the company. Finally, JPMorgan Chase & Co. reissued a neutral rating and issued a $34.50 price target (up from $33.00) on shares of Tenaris in a research note on Wednesday, February 21st. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $36.73.
Tenaris (NYSE TS) opened at $35.18 on Friday. Tenaris has a one year low of $25.91 and a one year high of $36.33. The stock has a market cap of $20,765.63, a PE ratio of 45.69 and a beta of 0.74.
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Tenaris Company Profile
Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.
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