Share on StockTwits
 

Tenaris (NYSE:TS) was upgraded by analysts at Howard Weil from a “sector perform” rating to an “outperform” rating in a research report issued to clients and investors on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $53.00 target price on the stock. Howard Weil’s target price points to a potential upside of 28.05% from the company’s current price.

Tenaris (NYSE:TS) traded up 2.49% during mid-day trading on Thursday, hitting $42.42. 254,381 shares of the company’s stock traded hands. Tenaris has a 1-year low of $38.47 and a 1-year high of $49.87. The stock has a 50-day moving average of $43.46 and a 200-day moving average of $45.04. The company has a market cap of $25.039 billion and a price-to-earnings ratio of 16.14.

Tenaris (NYSE:TS) last posted its quarterly earnings results on Wednesday, November 6th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by $0.41. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.66 billion. During the same quarter in the previous year, the company posted $0.37 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, analysts predict that Tenaris will post $2.64 earnings per share for the current fiscal year.

A number of other firms have also recently commented on TS. Analysts at Barclays raised their price target on shares of Tenaris from $47.00 to $49.00 in a research note to investors on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Separately, analysts at Zacks downgraded shares of Tenaris from a “neutral” rating to an “underperform” rating in a research note to investors on Monday, December 9th. They now have a $41.70 price target on the stock. Finally, analysts at Natixis downgraded shares of Tenaris from a “neutral” rating to a “reduce” rating in a research note to investors on Friday, November 8th. Three equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $46.28.

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.

The Fly On The Wall

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.