Tenaris S.A. (NYSE:TS – Get Rating) shares gapped down prior to trading on Monday . The stock had previously closed at $27.24, but opened at $26.14. Tenaris shares last traded at $26.91, with a volume of 29,111 shares changing hands.
Analysts Set New Price Targets
Several brokerages recently commented on TS. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and boosted their price target for the company from $35.70 to $46.00 in a research note on Thursday, July 7th. Morgan Stanley lowered their price target on Tenaris from $40.00 to $35.00 and set an “overweight” rating for the company in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $32.64.
Tenaris Stock Down 1.8 %
The stock has a market cap of $15.87 billion, a P/E ratio of 8.62, a PEG ratio of 0.25 and a beta of 1.52. The business has a 50-day simple moving average of $26.79 and a 200-day simple moving average of $28.87.
Institutional Investors Weigh In On Tenaris
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.
- Get a free copy of the StockNews.com research report on Tenaris (TS)
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