Tenaris S.A. Given Consensus Rating of “Hold” by Brokerages (NYSE:TS)
Tenaris S.A. (NYSE:TS) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the stock, AnalystRatingsNetwork reports. One equities research analyst has rated the stock with a sell recommendation, eight have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $47.45.
A number of analysts have recently weighed in on TS shares. Analysts at Guggenheim upgraded shares of Tenaris S.A. from a “neutral” rating to a “buy” rating in a research note on Friday, June 6th. They now have a $55.00 price target on the stock, up previously from $47.00. Separately, analysts at Morgan Stanley downgraded shares of Tenaris S.A. from an “overweight” rating to an “equal weight” rating in a research note on Friday, May 9th. Finally, analysts at Barclays reiterated an “equal weight” rating on shares of Tenaris S.A. in a research note on Monday, May 5th. They now have a $41.00 price target on the stock.
Tenaris S.A. (NYSE:TS) opened at 45.79 on Friday. Tenaris S.A. has a 52-week low of $38.47 and a 52-week high of $49.87. The stock’s 50-day moving average is $44.52 and its 200-day moving average is $43.83. The company has a market cap of $27.028 billion and a price-to-earnings ratio of 17.45.
Tenaris S.A. (NYSE:TS) last announced its earnings results on Thursday, May 1st. The company reported $0.36 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.34 by $0.02. The company had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.65 billion. During the same quarter last year, the company posted $0.36 earnings per share. Tenaris S.A.’s revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that Tenaris S.A. will post $2.79 earnings per share for the current fiscal year.
Tenaris SA is a Luxembourg-based holding company engaged in the steel pipe manufacturing and distributing businesses.
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