Tenaris S.A. (TS) Receives Average Recommendation of “Buy” from Brokerages

Shares of Tenaris S.A. (NYSE:TS) have received an average rating of “Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $36.93.

Several equities analysts recently issued reports on TS shares. Scotiabank reissued a “buy” rating and set a $40.00 target price on shares of Tenaris in a research note on Monday, May 1st. Zacks Investment Research lowered Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday, February 25th. Loop Capital raised Tenaris from a “hold” rating to a “buy” rating and set a $39.00 target price on the stock in a research note on Wednesday, May 17th. Evercore ISI raised Tenaris from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, February 27th. Finally, Simmons increased their target price on Tenaris from $40.50 to $41.00 and gave the stock an “overweight” rating in a research note on Tuesday, April 4th.

A number of large investors have recently bought and sold shares of the stock. Tyers Asset Management LLC bought a new stake in Tenaris during the fourth quarter worth about $173,000. Timber Hill LLC bought a new stake in Tenaris during the first quarter worth about $205,000. Marathon Trading Investment Management LLC bought a new stake in Tenaris during the first quarter worth about $205,000. Flinton Capital Management LLC bought a new stake in Tenaris during the fourth quarter worth about $210,000. Finally, American National Insurance Co. TX bought a new stake in Tenaris during the fourth quarter worth about $211,000. 18.74% of the stock is currently owned by institutional investors.

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Tenaris (NYSE:TS) traded down 0.63% during mid-day trading on Monday, hitting $29.81. The stock had a trading volume of 2,322,149 shares. Tenaris has a one year low of $25.19 and a one year high of $37.21. The firm’s 50-day moving average price is $31.01 and its 200 day moving average price is $33.19. The company has a market cap of $17.60 billion, a PE ratio of 72.71 and a beta of 0.70.

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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