Tenaris S.A. (NYSE:TS) Given Consensus Recommendation of “Hold” by Analysts

Shares of Tenaris S.A. (NYSE:TS) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $50.45.

Several brokerages recently weighed in on TS. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Morgan Stanley upped their price target on shares of Tenaris from $38.00 to $40.00 and gave the company an “underweight” rating in a report on Monday, February 23rd. TD Cowen restated a “buy” rating on shares of Tenaris in a research report on Wednesday, March 18th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $49.70 price objective on shares of Tenaris in a research note on Monday, February 23rd. Finally, Barclays reiterated an “overweight” rating and issued a $56.00 target price on shares of Tenaris in a report on Monday, February 23rd.

Institutional Investors Weigh In On Tenaris

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new position in shares of Tenaris in the 3rd quarter worth $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Tenaris during the fourth quarter valued at $48,000. Raymond James Financial Inc. acquired a new position in shares of Tenaris in the 2nd quarter valued at $49,000. Farther Finance Advisors LLC increased its stake in 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 purchasing an additional 725 shares in the last quarter. Finally, CWM LLC increased its stake in 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 purchasing an additional 571 shares in the last quarter. 10.45% of the stock is owned by institutional investors.

Tenaris Price Performance

TS opened at $58.30 on Friday. The company has a market capitalization of $31.25 billion, a price-to-earnings ratio of 15.97, a price-to-earnings-growth ratio of 2.04 and a beta of 0.87. Tenaris has a 1-year low of $30.06 and a 1-year high of $59.02. The business has a 50 day moving average price of $50.66 and a two-hundred day moving average price of $42.63.

Tenaris (NYSE:TS) last issued its quarterly earnings results on Sunday, February 15th. The industrial products company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.76 by $0.11. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The company had revenue of $3 billion for the quarter, compared to analysts’ expectations of $2.95 billion. During the same period last year, the firm earned $0.94 EPS. The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. Equities analysts expect that Tenaris will post 3.14 EPS for the current fiscal year.

Tenaris Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, May 20th. Shareholders of record on Tuesday, May 19th will be issued a $1.20 dividend. The ex-dividend date of this dividend is Tuesday, May 19th. This represents a dividend yield of 450.0%. Tenaris’s dividend payout ratio is currently 65.75%.

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.