Tenaris S.A. (NYSE:TS) Receives $42.72 Consensus Price Target from Analysts

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and five have given a buy recommendation to the company. The average 12 month 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 recent research reports. TD Cowen reissued a “buy” rating on shares of Tenaris in a report on Wednesday, January 7th. Wall Street Zen lowered shares of Tenaris from a “buy” rating to a “hold” rating in a research report on Saturday. Morgan Stanley set a $38.00 price objective on shares of Tenaris and gave the stock an “underweight” rating in a research report on Wednesday, January 21st. Piper Sandler restated a “neutral” rating on shares of Tenaris in a research note on Thursday, December 18th. Finally, The Goldman Sachs Group began coverage on shares of Tenaris in a research note on Monday, December 15th. They set a “neutral” rating and a $43.60 price target on the stock.

Hedge Funds Weigh In On Tenaris

A number of large investors have recently modified their holdings of TS. AQR Capital Management LLC boosted its stake in shares of Tenaris by 14.3% in the first quarter. AQR Capital Management LLC now owns 23,662 shares of the industrial products company’s stock valued at $925,000 after buying an additional 2,969 shares in the last quarter. Integrated Wealth Concepts LLC purchased a new stake in shares of Tenaris during the 1st quarter worth $203,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Tenaris during the 1st quarter worth $5,458,000. Ameritas Advisory Services LLC purchased a new position in shares of Tenaris in the 2nd quarter valued at about $28,000. Finally, KLP Kapitalforvaltning AS acquired a new stake in shares of Tenaris in the second quarter valued at about $1,122,000. 10.45% of the stock is owned by hedge funds and other institutional investors.

Tenaris Stock Performance

Shares of TS opened at $48.76 on Friday. Tenaris has a fifty-two week low of $30.06 and a fifty-two week high of $48.83. The firm has a 50-day simple moving average of $42.03 and a 200-day simple moving average of $38.75. The company has a market capitalization of $28.35 billion, a price-to-earnings ratio of 13.11, a price-to-earnings-growth ratio of 12.47 and a beta of 0.95.

Tenaris Company Profile

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.