Tenaris S.A. (NYSE:TS) has been assigned a $28.00 price target by equities researchers at Cowen and Company in a research report issued on Friday. The firm currently has a “hold” rating on the industrial products company’s stock. Cowen and Company’s price objective would suggest a potential upside of 0.36% from the company’s current price.

A number of other equities research analysts also recently commented on TS. Berenberg Bank reiterated a “hold” rating and set a $30.00 price objective on shares of Tenaris in a research report on Monday, August 7th. BidaskClub downgraded Tenaris from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Simmons reiterated an “overweight” rating and set a $35.50 price objective (down previously from $39.00) on shares of Tenaris in a research report on Wednesday, June 21st. Morgan Stanley cut their price objective on Tenaris from $44.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, June 21st. Finally, Zacks Investment Research downgraded Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday, July 22nd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Tenaris currently has an average rating of “Hold” and an average price target of $35.35.

Tenaris (NYSE:TS) traded down 0.53% during trading on Friday, reaching $27.90. The company’s stock had a trading volume of 2,007,693 shares. Tenaris has a 52 week low of $26.48 and a 52 week high of $37.21. The firm has a market capitalization of $16.47 billion, a P/E ratio of 49.82 and a beta of 0.66. The firm has a 50-day moving average price of $27.86 and a 200-day moving average price of $30.47.

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Large investors have recently made changes to their positions in the business. Harding Loevner LP increased its stake in shares of Tenaris by 2.0% in the second quarter. Harding Loevner LP now owns 14,598,727 shares of the industrial products company’s stock worth $454,604,000 after acquiring an additional 281,911 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Tenaris by 6.1% in the first quarter. Wellington Management Group LLP now owns 2,717,620 shares of the industrial products company’s stock worth $92,779,000 after acquiring an additional 155,257 shares during the last quarter. Westwood Holdings Group Inc. increased its stake in shares of Tenaris by 32.8% in the second quarter. Westwood Holdings Group Inc. now owns 1,562,694 shares of the industrial products company’s stock worth $48,662,000 after acquiring an additional 386,132 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Tenaris in the first quarter worth $32,539,000. Finally, Global X Management Co. LLC increased its stake in shares of Tenaris by 14.0% in the second quarter. Global X Management Co. LLC now owns 791,075 shares of the industrial products company’s stock worth $24,634,000 after acquiring an additional 96,947 shares during the last quarter. 15.97% of the stock is currently 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.

Analyst Recommendations for Tenaris (NYSE:TS)

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