Tenaris (NYSE:TS)‘s stock had its “buy” rating reissued by investment analysts at Barclays in a research note issued on Tuesday. They currently have a $41.00 price objective on the industrial products company’s stock. Barclays’ target price indicates a potential upside of 17.34% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. TheStreet raised Tenaris from a “c” rating to a “b-” rating in a report on Tuesday, December 12th. Loop Capital lifted their price target on Tenaris from $36.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Piper Jaffray Companies reiterated a “buy” rating and issued a $40.00 price target on shares of Tenaris in a research note on Friday, February 23rd. Capital One Financial reiterated an “equal weight” rating on shares of Tenaris in a research note on Thursday, February 22nd. Finally, Cowen set a $33.00 price target on Tenaris and gave the company a “hold” rating in a research note on Thursday, January 11th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $37.00.
Shares of Tenaris (NYSE:TS) traded down $0.14 during midday trading on Tuesday, reaching $34.94. The company’s stock had a trading volume of 195,906 shares, compared to its average volume of 1,988,124. The firm has a market cap of $21,391.31, a PE ratio of 37.72 and a beta of 0.74. Tenaris has a 52-week low of $25.91 and a 52-week high of $36.33.
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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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