Tenaris Upgraded to Overweight at EVA Dimensions LLC (TS)
Tenaris (NYSE:TS) was upgraded by equities research analysts at EVA Dimensions LLC from a “hold” rating to an “overweight” rating in a research note issued to investors on Thursday, AnalystRatings.Net reports.
Other equities research analysts have also recently issued reports about the stock. Analysts at Banca Akros downgraded shares of Tenaris to a “hold” rating in a research note on Wednesday. Separately, analysts at Howard Weil upgraded shares of Tenaris from a “sector perform” rating to an “outperform” rating in a research note on Thursday, January 9th. They now have a $53.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Tenaris from $47.00 to $49.00 in a research note on Tuesday, December 17th. They now have an “equal weight” rating on the stock. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $46.28.
Tenaris (NYSE:TS) traded up 1.40% during mid-day trading on Thursday, hitting $44.12. 258,048 shares of the company’s stock traded hands. Tenaris has a one year low of $38.47 and a one year high of $49.87. The stock’s 50-day moving average is $44.22 and its 200-day moving average is $45.34. The company has a market cap of $26.043 billion and a P/E ratio of 16.97.
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.
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