Tenaris Sets New 1-Year High at $48.43 (TS)
Tenaris (NYSE:TS) set a new 52-week high on Wednesday, AnalystRatingsNetwork reports. The company traded as high as $48.43 and last traded at $48.40, with a volume of 560,774 shares. The stock had previously closed at $47.29.
A number of research firms have recently commented on TS. Analysts at Barclays Capital raised their price target on shares of Tenaris (NYSE:TS) from $45.00 to $50.00 in a research note to investors on Tuesday, September 3rd. They now have an “equal weight” rating on the stock. Separately, analysts at Sterne Agee raised their price target on shares of Tenaris (NYSE:TS) from $42.00 to $44.00 in a research note to investors on Monday, August 5th. They now have a “neutral” rating on the stock. Finally, analysts at Santander raised their price target on shares of Tenaris (NYSE:TS) from $50.00 to $55.00 in a research note to investors on Friday, August 2nd. They now have a “buy” rating on the stock.
One research analyst has rated the stock with a sell rating, eight have given a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $45.69.
Tenaris has a one year low of $36.01 and a one year high of $47.83. The stock has a 50-day moving average of $45.62 and a 200-day moving average of $42.86. The company has a market cap of $28.787 billion and a P/E ratio of 16.95.
Tenaris (NYSE:TS) last issued its quarterly earnings data on Thursday, August 1st. The company reported $0.71 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.73 by $0.02. The company had revenue of $2.83 billion for the quarter, compared to the consensus estimate of $2.72 billion. During the same quarter in the prior year, the company posted $0.78 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Analysts expect that Tenaris will post $2.90 EPS for the current fiscal year.
Tenaris SA is a Luxembourg-based holding company active in the supply of tubes and related services mainly for the energy industry and certain other industrial applications.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.