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Tenaris S.A. (NYSE:TS - Get Rating) has been assigned a consensus recommendation of "Moderate Buy" from the thirteen ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, one has given a hold recommendation and seven have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $32.64.
A number of research analysts have recently weighed in on the company. Barclays increased their price objective on Tenaris from $32.00 to $42.00 in a report on Monday, May 9th. Morgan Stanley dropped their target price on Tenaris from $40.00 to $35.00 and set an "overweight" rating on the stock in a report on Wednesday, July 13th. Finally, Jefferies Financial Group raised Tenaris from a "hold" rating to a "buy" rating and raised their target price for the stock from $35.70 to $46.00 in a report on Thursday, July 7th.Institutional Trading of Tenaris
Several institutional investors have recently bought and sold shares of TS. US Bancorp DE lifted its position in shares of Tenaris by 3.9% in the second quarter. US Bancorp DE now owns 9,933 shares of the industrial products company's stock valued at $255,000 after acquiring an additional 369 shares in the last quarter. CWM LLC lifted its position in Tenaris by 113.4% during the second quarter. CWM LLC now owns 1,033 shares of the industrial products company's stock worth $27,000 after buying an additional 549 shares in the last quarter. Wetherby Asset Management Inc. lifted its position in Tenaris by 3.3% during the first quarter. Wetherby Asset Management Inc. now owns 17,634 shares of the industrial products company's stock worth $530,000 after buying an additional 557 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its position in Tenaris by 4.7% during the first quarter. Vestmark Advisory Solutions Inc. now owns 14,524 shares of the industrial products company's stock worth $437,000 after buying an additional 648 shares in the last quarter. Finally, Captrust Financial Advisors lifted its position in Tenaris by 155.8% during the second quarter. Captrust Financial Advisors now owns 1,110 shares of the industrial products company's stock worth $29,000 after buying an additional 676 shares in the last quarter. 12.28% of the stock is owned by institutional investors and hedge funds. Tenaris Stock Performance
Shares of TS stock opened at $27.32 on Thursday. The stock's 50-day simple moving average is $26.23 and its 200-day simple moving average is $28.66. The firm has a market capitalization of $16.13 billion, a PE ratio of 8.76, a P/E/G ratio of 0.27 and a beta of 1.54. Tenaris has a fifty-two week low of $18.80 and a fifty-two week high of $34.76. 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.See AlsoGet a free copy of the StockNews.com research report on Tenaris (TS)Can Alibaba And Baidu Finally Rally With Delisting Fears Gone? Is World Wresting Entertainment Getting Ready to Be Sold? 3 Materials Stocks That May Earn a Place on Your Watchlist Crowdstrike Stock Retraces, As Earnings Sober ExpectationsWill The Institutions Buy The Dip In Ambarella Stock?
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