Tenaris S.A. Rating Increased to Neutral at Goldman Sachs (TS)
A number of other analysts have also recently weighed in on TS. 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.45.
Shares of Tenaris S.A. (NYSE:TS) opened at 47.16 on Thursday. Tenaris S.A. has a 1-year low of $40.63 and a 1-year high of $49.87. The stock has a 50-day moving average of $45.27 and a 200-day moving average of $44.1. The company has a market cap of $27.837 billion and a P/E ratio of 17.87.
Tenaris S.A. (NYSE:TS) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.36 earnings per share. The company’s quarterly revenue was down 3.7% on a year-over-year basis. 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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