Tenaris S.A. (NYSE:TS) Receives Consensus Recommendation of “Buy” from Analysts

Tenaris S.A. (NYSE:TSGet Rating) has been assigned an average recommendation of “Buy” from the thirteen brokerages that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, one has issued a hold recommendation, six have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $31.09.

TS has been the subject of several recent analyst reports. Zacks Investment Research upgraded Tenaris from a “hold” rating to a “strong-buy” rating and set a $29.00 price target for the company in a report on Thursday, February 24th. Wolfe Research upgraded Tenaris from an “underperform” rating to a “peer perform” rating and lifted their price target for the company from $38.00 to $43.00 in a report on Monday, March 14th. StockNews.com initiated coverage on Tenaris in a report on Thursday, March 31st. They issued a “buy” rating for the company. Credit Suisse Group lifted their price target on Tenaris from €8.20 ($8.72) to €8.80 ($9.36) and gave the company an “underperform” rating in a report on Monday, April 4th. Finally, BNP Paribas upgraded Tenaris from a “neutral” rating to an “outperform” rating and set a $13.00 target price for the company in a report on Wednesday, January 26th.

Shares of TS stock opened at $32.94 on Tuesday. The firm has a 50-day moving average price of $30.75 and a 200 day moving average price of $26.04. Tenaris has a twelve month low of $18.80 and a twelve month high of $33.63. The company has a market capitalization of $19.44 billion, a price-to-earnings ratio of 12.97, a PEG ratio of 0.33 and a beta of 1.51.

Tenaris (NYSE:TSGet Rating) last announced its earnings results on Wednesday, April 27th. The industrial products company reported $0.85 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.17. Tenaris had a net margin of 19.42% and a return on equity of 12.38%. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.35 billion. On average, sell-side analysts predict that Tenaris will post 3.57 EPS for the current year.

The business also recently announced a Semi-Annual dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Tuesday, May 24th will be given a $0.56 dividend. The ex-dividend date is Monday, May 23rd. This is an increase from Tenaris’s previous Semi-Annual dividend of $0.28. Tenaris’s payout ratio is presently 20.47%.

Several hedge funds and other institutional investors have recently bought and sold shares of TS. Tcwp LLC acquired a new stake in shares of Tenaris in the 1st quarter worth approximately $36,000. Lindbrook Capital LLC raised its stake in Tenaris by 88.1% during the 4th quarter. Lindbrook Capital LLC now owns 2,082 shares of the industrial products company’s stock valued at $43,000 after purchasing an additional 975 shares during the period. Ellevest Inc. boosted its position in shares of Tenaris by 27.8% in the fourth quarter. Ellevest Inc. now owns 2,091 shares of the industrial products company’s stock worth $44,000 after buying an additional 455 shares during the period. Royal Bank of Canada boosted its position in shares of Tenaris by 123.4% in the second quarter. Royal Bank of Canada now owns 2,140 shares of the industrial products company’s stock worth $48,000 after buying an additional 1,182 shares during the period. Finally, Bessemer Group Inc. boosted its position in shares of Tenaris by 194.7% in the fourth quarter. Bessemer Group Inc. now owns 2,405 shares of the industrial products company’s stock worth $50,000 after buying an additional 1,589 shares during the period. 8.47% of the stock is owned by institutional investors and hedge funds.

Tenaris Company Profile (Get Rating)

Tenaris SA, together with 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 steel casings, tubing products, mechanical and structural pipes, cold-drawn pipes, and premium joints and couplings; coiled tubing products for oil and gas drilling and workovers, and subsea pipelines; and umbilical tubing products; and tubular accessories.

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Analyst Recommendations for Tenaris (NYSE:TS)

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