Shares of Tenaris SA (NYSE:TS) have been assigned a consensus recommendation of “Hold” from the nineteen ratings firms that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and nine have given a buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $38.98.

TS has been the subject of several recent analyst reports. Zacks Investment Research raised Tenaris from a “strong sell” rating to a “hold” rating in a research note on Friday, March 22nd. ValuEngine cut Tenaris from a “hold” rating to a “sell” rating in a research note on Wednesday, April 10th. Citigroup raised Tenaris from a “neutral” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Friday, January 18th. Barclays reissued a “buy” rating and set a $44.00 target price on shares of Tenaris in a research note on Friday, January 18th. Finally, Goldman Sachs Group cut Tenaris from a “neutral” rating to a “sell” rating and set a $28.80 target price for the company. in a research note on Tuesday, March 26th.

Hedge funds and other institutional investors have recently modified their holdings of the company. Squarepoint Ops LLC grew its stake in shares of Tenaris by 184.8% in the fourth quarter. Squarepoint Ops LLC now owns 30,302 shares of the industrial products company’s stock valued at $646,000 after buying an additional 19,664 shares in the last quarter. Deutsche Bank AG grew its stake in Tenaris by 6,493.2% during the 4th quarter. Deutsche Bank AG now owns 1,734,075 shares of the industrial products company’s stock worth $36,970,000 after purchasing an additional 1,707,774 shares in the last quarter. AGF Investments Inc. grew its stake in Tenaris by 57.7% during the 4th quarter. AGF Investments Inc. now owns 818,527 shares of the industrial products company’s stock worth $17,451,000 after purchasing an additional 299,634 shares in the last quarter. Ashburton Jersey Ltd grew its stake in Tenaris by 248.3% during the 4th quarter. Ashburton Jersey Ltd now owns 39,948 shares of the industrial products company’s stock worth $1,454,000 after purchasing an additional 28,480 shares in the last quarter. Finally, FNY Investment Advisers LLC grew its stake in Tenaris by 118.0% during the 4th quarter. FNY Investment Advisers LLC now owns 32,700 shares of the industrial products company’s stock worth $697,000 after purchasing an additional 17,700 shares in the last quarter. 14.48% of the stock is owned by institutional investors and hedge funds.

Tenaris stock traded down $0.82 during trading on Thursday, reaching $28.33. 211,638 shares of the company were exchanged, compared to its average volume of 1,500,563. Tenaris has a 52-week low of $20.45 and a 52-week high of $40.64. The company has a market cap of $17.84 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.79 and a beta of 1.03.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Wednesday, February 20th. The industrial products company reported $0.38 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.05). Tenaris had a return on equity of 7.45% and a net margin of 11.44%. The company had revenue of $2.11 billion for the quarter, compared to analysts’ expectations of $2.07 billion. During the same quarter in the previous year, the business posted $0.14 EPS. The business’s quarterly revenue was up 32.5% compared to the same quarter last year. Equities analysts predict that Tenaris will post 1.61 EPS for the current fiscal year.

Tenaris Company Profile

Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.

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Analyst Recommendations for Tenaris (NYSE:TS)

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