Barclays assumed coverage on shares of Tenaris (NYSE:TS) in a research report sent to investors on Wednesday, December 20th, Marketbeat.com reports. The firm issued an overweight rating and a $39.00 target price on the industrial products company’s stock.
A number of other equities research analysts have also weighed in on TS. Cowen set a $28.00 target price on Tenaris and gave the company a hold rating in a research report on Friday, October 6th. Loop Capital boosted their price target on Tenaris from $36.00 to $37.00 and gave the stock a buy rating in a research report on Friday, November 3rd. Macquarie raised Tenaris from an underperform rating to a neutral rating in a research report on Friday, November 17th. Finally, TheStreet raised Tenaris from a c rating to a b- rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of Buy and an average target price of $36.25.
Shares of Tenaris (NYSE TS) traded up $0.46 during trading on Wednesday, hitting $34.54. The stock had a trading volume of 2,244,609 shares, compared to its average volume of 1,610,000. Tenaris has a 12-month low of $25.91 and a 12-month high of $37.21. The stock has a market cap of $20,110.00, a PE ratio of 71.96 and a beta of 0.65.
Tenaris (NYSE:TS) last posted its quarterly earnings data on Wednesday, November 1st. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.09. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Tenaris had a return on equity of 2.77% and a net margin of 8.81%. Tenaris’s revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.03 EPS. equities analysts anticipate that Tenaris will post 0.49 earnings per share for the current fiscal year.
Large investors have recently made changes to their positions in the stock. D.A. Davidson & CO. grew its stake in Tenaris by 15.0% during the 2nd quarter. D.A. Davidson & CO. now owns 7,742 shares of the industrial products company’s stock valued at $241,000 after purchasing an additional 1,011 shares during the last quarter. FDx Advisors Inc. purchased a new stake in Tenaris during the 3rd quarter valued at about $243,000. Airain ltd purchased a new stake in Tenaris during the 2nd quarter valued at about $264,000. BNP Paribas Arbitrage SA grew its stake in Tenaris by 7.2% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,793 shares of the industrial products company’s stock valued at $274,000 after purchasing an additional 593 shares during the last quarter. Finally, Quantitative Systematic Strategies LLC purchased a new stake in Tenaris during the 3rd quarter valued at about $282,000. 15.08% of the stock is currently owned by institutional investors.
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Tenaris Company Profile
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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