Tenaris S.A. (NYSE:TS) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus rating of “Moderate Buy” from the ten brokerages that are covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $60.1167.

Several analysts recently issued reports on TS shares. Morgan Stanley reiterated an “underweight” rating and set a $53.00 target price on shares of Tenaris in a research report on Thursday, May 14th. Wall Street Zen upgraded Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday, June 6th. Barclays increased their target price on Tenaris to $82.00 and gave the stock an “overweight” rating in a research report on Friday, May 8th. Piper Sandler increased their target price on Tenaris from $56.00 to $60.00 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Finally, Weiss Ratings raised Tenaris from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, April 24th.

Hedge Funds Weigh In On Tenaris

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in Tenaris during the fourth quarter valued at approximately $48,000. Raymond James Financial Inc. bought a new position in Tenaris during the second quarter valued at approximately $49,000. Advisory Services Network LLC bought a new position in Tenaris during the third quarter valued at approximately $47,000. Global Retirement Partners LLC boosted its stake in Tenaris by 1,066.7% during the fourth quarter. Global Retirement Partners LLC now owns 1,505 shares of the industrial products company’s stock valued at $58,000 after buying an additional 1,376 shares during the last quarter. Finally, TD Private Client Wealth LLC boosted its stake in Tenaris by 4,675.8% during the fourth quarter. TD Private Client Wealth LLC now owns 1,576 shares of the industrial products company’s stock valued at $61,000 after buying an additional 1,543 shares during the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Trading Up 0.8%

NYSE:TS opened at $61.99 on Friday. Tenaris has a 12-month low of $33.65 and a 12-month high of $64.60. The stock has a 50-day moving average price of $61.18 and a 200 day moving average price of $51.43. The stock has a market capitalization of $33.23 billion, a P/E ratio of 16.40, a P/E/G ratio of 1.49 and a beta of 0.82.

Tenaris (NYSE:TS) last released its earnings results on Thursday, May 7th. The industrial products company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.20. Tenaris had a return on equity of 11.53% and a net margin of 16.17%.The firm had revenue of $3.10 billion during the quarter, compared to analysts’ expectations of $2.99 billion. During the same quarter last year, the business posted $0.94 earnings per share. The firm’s revenue was up 6.1% on a year-over-year basis. On average, research analysts predict that Tenaris will post 3.67 earnings per share for the current fiscal year.

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.