Tenaris S.A. (NYSE:TS) Receives $50.45 Average Target Price from Analysts

Tenaris S.A. (NYSE:TS) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $50.45.

TS has been the subject of a number of recent research reports. Oddo Bhf raised Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Barclays reissued an “overweight” rating and issued a $56.00 price objective on shares of Tenaris in a research note on Monday, February 23rd. Wall Street Zen upgraded shares of Tenaris from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Finally, TD Cowen boosted their price target on shares of Tenaris from $48.00 to $59.00 and gave the stock a “buy” rating in a research note on Friday, February 20th.

Tenaris Stock Performance

NYSE TS opened at $52.57 on Wednesday. The firm has a market cap of $30.56 billion, a PE ratio of 14.40, a P/E/G ratio of 1.87 and a beta of 0.87. Tenaris has a one year low of $30.06 and a one year high of $55.02. The firm’s fifty day moving average is $46.04 and its two-hundred day moving average is $40.59.

Tenaris (NYSE:TS) last announced its earnings results on Thursday, February 19th. The industrial products company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. Tenaris had a net margin of 16.13% and a return on equity of 11.32%. The business had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.95 billion. During the same period in the prior year, the company earned $0.94 earnings per share. The business’s revenue was up 5.3% compared to the same quarter last year. Research analysts predict that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be issued a dividend of $1.20 per share. This represents a yield of 450.0%. The ex-dividend date of this dividend is Tuesday, May 19th. Tenaris’s dividend payout ratio is currently 31.78%.

Institutional Trading of Tenaris

Institutional investors have recently added to or reduced their stakes in the stock. Advisory Services Network LLC purchased a new position in Tenaris in the third quarter valued at about $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Tenaris during the 4th quarter worth approximately $48,000. Raymond James Financial Inc. purchased a new stake in shares of Tenaris during the 2nd quarter worth approximately $49,000. Farther Finance Advisors LLC grew its holdings in shares of Tenaris by 100.6% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after acquiring an additional 725 shares during the period. Finally, CWM LLC grew its holdings in shares of Tenaris by 57.7% in the 3rd quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock worth $56,000 after acquiring an additional 571 shares during the period. Hedge funds and other institutional investors own 10.45% of the company’s stock.

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.