Tenaris S.A. (NYSE:TS) Given Average Recommendation of “Hold” by Brokerages

Tenaris S.A. (NYSE:TS) has received a consensus recommendation of “Hold” from the ten analysts that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $42.72.

TS has been the topic of a number of research analyst reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a report on Monday, December 29th. TD Cowen restated a “buy” rating on shares of Tenaris in a research note on Wednesday, January 7th. Stifel Nicolaus lifted their price objective on shares of Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a report on Wednesday, November 12th. BNP Paribas Exane cut shares of Tenaris from an “outperform” rating to a “hold” rating in a report on Friday, October 10th. Finally, Wall Street Zen raised shares of Tenaris from a “hold” rating to a “buy” rating in a report on Saturday, January 17th.

Tenaris Stock Performance

NYSE:TS opened at $46.93 on Friday. The company has a market capitalization of $27.28 billion, a price-to-earnings ratio of 12.62, a price-to-earnings-growth ratio of 12.18 and a beta of 0.95. Tenaris has a one year low of $30.06 and a one year high of $46.95. The stock has a 50-day simple moving average of $41.32 and a 200 day simple moving average of $38.42.

Hedge Funds Weigh In On Tenaris

Several institutional investors have recently made changes to their positions in the stock. Ameritas Advisory Services LLC acquired a new stake in shares of Tenaris during the 2nd quarter worth approximately $28,000. Blue Trust Inc. boosted its position in Tenaris by 48.8% during the 2nd quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after purchasing an additional 357 shares during the period. Raymond James Financial Inc. bought a new position in Tenaris during the 2nd quarter worth $49,000. Advisory Services Network LLC acquired a new stake in Tenaris in the third quarter worth $47,000. Finally, Farther Finance Advisors LLC lifted its stake in Tenaris by 100.6% in the third quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock valued at $52,000 after buying an additional 725 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.