Shares of Tenaris SA (NYSE:TS) have been given a consensus recommendation of “Hold” by the twelve research firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $31.87.
TS has been the subject of a number of recent analyst reports. Barclays set a $33.00 target price on Tenaris and gave the company a “buy” rating in a research report on Friday, August 2nd. TheStreet downgraded Tenaris from a “b-” rating to a “c+” rating in a research report on Tuesday, August 13th. Morgan Stanley set a $35.00 price objective on Tenaris and gave the stock a “buy” rating in a research report on Wednesday, July 3rd. Cowen restated a “market perform” rating and set a $28.00 price objective (down from $29.00) on shares of Tenaris in a research report on Monday, August 5th. Finally, Stifel Nicolaus dropped their price objective on Tenaris from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, August 2nd.
Shares of NYSE:TS traded up $0.48 during trading on Wednesday, reaching $21.42. 3,678,829 shares of the company traded hands, compared to its average volume of 2,263,063. The company’s 50 day moving average is $23.09 and its two-hundred day moving average is $25.96. The firm has a market capitalization of $12.36 billion, a PE ratio of 14.47, a PEG ratio of 1.47 and a beta of 1.14. The company has a quick ratio of 1.70, a current ratio of 2.94 and a debt-to-equity ratio of 0.02. Tenaris has a 52 week low of $20.45 and a 52 week high of $34.97.
Tenaris (NYSE:TS) last released its earnings results on Wednesday, July 31st. The industrial products company reported $0.41 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.06. The firm had revenue of $1.92 billion during the quarter, compared to the consensus estimate of $1.89 billion. Tenaris had a return on equity of 7.97% and a net margin of 12.28%. As a group, research analysts anticipate that Tenaris will post 1.52 EPS for the current year.
Several hedge funds have recently made changes to their positions in the stock. Rehmann Capital Advisory Group boosted its holdings in Tenaris by 9.5% in the second quarter. Rehmann Capital Advisory Group now owns 5,325 shares of the industrial products company’s stock worth $140,000 after acquiring an additional 464 shares in the last quarter. Atria Investments LLC bought a new position in Tenaris in the second quarter worth approximately $281,000. Royal Bank of Canada boosted its holdings in Tenaris by 94.1% in the second quarter. Royal Bank of Canada now owns 4,922 shares of the industrial products company’s stock worth $130,000 after acquiring an additional 2,386 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Tenaris by 65.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 7,241,802 shares of the industrial products company’s stock worth $190,532,000 after acquiring an additional 2,860,516 shares in the last quarter. Finally, Jane Street Group LLC boosted its holdings in Tenaris by 835.8% in the second quarter. Jane Street Group LLC now owns 145,905 shares of the industrial products company’s stock worth $3,819,000 after acquiring an additional 130,313 shares in the last quarter. Institutional investors and hedge funds own 14.04% of the company’s stock.
Tenaris Company Profile
Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.
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