Tenaris S.A. (NYSE:TS) – Analysts at Capital One Financial Corporation upped their FY2017 earnings estimates for Tenaris in a report issued on Friday. Capital One Financial Corporation analyst J. Gibney now forecasts that the industrial products company will post earnings per share of $0.68 for the year, up from their prior estimate of $0.64. Capital One Financial Corporation also issued estimates for Tenaris’ Q4 2017 earnings at $0.23 EPS and FY2018 earnings at $0.75 EPS.

TS has been the subject of a number of other reports. Zacks Investment Research raised shares of Tenaris from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Tuesday, July 18th. BidaskClub lowered shares of Tenaris from a “sell” rating to a “strong sell” rating in a report on Thursday, August 17th. Cowen and Company set a $28.00 target price on shares of Tenaris and gave the company a “hold” rating in a report on Friday, August 4th. Simmons reaffirmed an “overweight” rating and set a $35.50 price objective (down from $39.00) on shares of Tenaris in a research note on Wednesday, June 21st. Finally, Morgan Stanley dropped their price objective on shares of Tenaris from $44.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, June 21st. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $35.35.

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Tenaris (TS) opened at 26.58 on Monday. The stock has a market cap of $15.69 billion, a P/E ratio of 47.46 and a beta of 0.64. Tenaris has a 1-year low of $25.19 and a 1-year high of $37.21. The stock has a 50 day moving average of $29.12 and a 200 day moving average of $31.19.

Large investors have recently made changes to their positions in the business. Deprince Race & Zollo Inc. lifted its holdings in Tenaris by 326.1% in the first quarter. Deprince Race & Zollo Inc. now owns 143,380 shares of the industrial products company’s stock valued at $4,895,000 after acquiring an additional 109,730 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in Tenaris by 2.2% in the first quarter. Parametric Portfolio Associates LLC now owns 286,864 shares of the industrial products company’s stock valued at $9,794,000 after acquiring an additional 6,197 shares during the period. SG Americas Securities LLC lifted its holdings in Tenaris by 165.4% in the first quarter. SG Americas Securities LLC now owns 56,680 shares of the industrial products company’s stock valued at $1,935,000 after acquiring an additional 35,326 shares during the period. Credit Suisse AG lifted its holdings in Tenaris by 341.0% in the first quarter. Credit Suisse AG now owns 348,612 shares of the industrial products company’s stock valued at $11,902,000 after acquiring an additional 269,568 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in Tenaris by 1.8% in the first quarter. Ameriprise Financial Inc. now owns 33,999 shares of the industrial products company’s stock valued at $1,161,000 after acquiring an additional 608 shares during the period. 15.98% of the stock is owned by institutional investors.

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.

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