Tenaris S.A. (NYSE:TS) was upgraded by research analysts at Macquarie from an “underperform” rating to a “neutral” rating in a research note issued on Friday, The Fly reports.

A number of other equities analysts have also weighed in on TS. Scotiabank set a $40.00 price objective on shares of Tenaris and gave the company a “buy” rating in a research report on Thursday, August 3rd. Loop Capital boosted their price objective on shares of Tenaris from $36.00 to $37.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Cowen and Company set a $28.00 price target on shares of Tenaris and gave the stock a “hold” rating in a research report on Friday, October 6th. BidaskClub lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Tenaris presently has an average rating of “Hold” and a consensus target price of $35.39.

Tenaris (NYSE:TS) traded down $0.39 during mid-day trading on Friday, reaching $27.99. 1,156,200 shares of the company were exchanged, compared to its average volume of 2,129,263. The stock has a market capitalization of $16,980.00, a P/E ratio of 51.60 and a beta of 0.61. Tenaris has a 52-week low of $25.91 and a 52-week high of $37.21.

Tenaris (NYSE:TS) last released its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.09. Tenaris had a net margin of 8.81% and a return on equity of 2.77%. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the firm earned $0.03 earnings per share. The firm’s revenue was up 32.0% on a year-over-year basis. analysts predict that Tenaris will post 0.49 EPS for the current year.

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Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. boosted its stake in Tenaris by 1,187.5% during the 1st quarter. JPMorgan Chase & Co. now owns 6,502 shares of the industrial products company’s stock valued at $222,000 after acquiring an additional 5,997 shares during the last quarter. Vanguard Group Inc. boosted its stake in Tenaris by 2.9% during the 1st quarter. Vanguard Group Inc. now owns 323,032 shares of the industrial products company’s stock valued at $11,028,000 after acquiring an additional 8,964 shares during the last quarter. Morgan Stanley boosted its stake in Tenaris by 48.4% during the 1st quarter. Morgan Stanley now owns 119,568 shares of the industrial products company’s stock valued at $4,082,000 after acquiring an additional 39,002 shares during the last quarter. Paloma Partners Management Co bought a new position in Tenaris during the 1st quarter valued at $251,000. Finally, Bank of Montreal Can boosted its stake in Tenaris by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 26,608 shares of the industrial products company’s stock valued at $829,000 after acquiring an additional 176 shares during the last quarter. Institutional investors and hedge funds own 16.03% of the company’s stock.

About Tenaris

Tenaris SA is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products.

The Fly

Analyst Recommendations for Tenaris (NYSE:TS)

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