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Tenaris S.A. (NYSE:TS - Get Rating) - Jefferies Financial Group increased their FY2022 earnings per share estimates for Tenaris in a research note issued to investors on Thursday, August 4th. Jefferies Financial Group analyst A. Spence now anticipates that the industrial products company will post earnings per share of $4.04 for the year, up from their prior forecast of $3.84. Jefferies Financial Group has a "Buy" rating and a $46.00 price target on the stock. The consensus estimate for Tenaris' current full-year earnings is $3.78 per share. Jefferies Financial Group also issued estimates for Tenaris' FY2023 earnings at $3.93 EPS.

Several other brokerages also recently weighed in on TS. Morgan Stanley lowered their price target on Tenaris from $40.00 to $35.00 and set an "overweight" rating for the company in a report on Wednesday, July 13th. Piper Sandler raised their price objective on Tenaris from $52.00 to $60.00 in a research note on Friday, April 29th. Finally, Barclays raised their price objective on Tenaris from $32.00 to $42.00 in a research note on Monday, May 9th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $32.64.Tenaris Stock Performance

Shares of NYSE TS opened at $25.53 on Monday. The company has a market cap of $15.07 billion, a PE ratio of 8.18, a P/E/G ratio of 0.25 and a beta of 1.54. The business has a 50-day simple moving average of $27.72 and a two-hundred day simple moving average of $28.47. Tenaris has a fifty-two week low of $18.80 and a fifty-two week high of $34.76.

The firm also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, June 1st. Shareholders of record on Tuesday, May 24th were issued a $0.56 dividend. The ex-dividend date was Monday, May 23rd. Tenaris's payout ratio is currently 35.90%. Institutional Trading of Tenaris

Institutional investors have recently bought and sold shares of the business. CWM LLC boosted its stake in shares of Tenaris by 113.4% in the second quarter. CWM LLC now owns 1,033 shares of the industrial products company's stock worth $27,000 after acquiring an additional 549 shares during the last quarter. Tcwp LLC acquired a new stake in shares of Tenaris in the first quarter worth approximately $36,000. Fifth Third Bancorp acquired a new stake in shares of Tenaris in the fourth quarter worth approximately $55,000. Edmond DE Rothschild Holding S.A. acquired a new position in Tenaris during the fourth quarter worth $79,000. Finally, Royal Bank of Canada boosted its stake in Tenaris by 149.1% during the first quarter. Royal Bank of Canada now owns 3,470 shares of the industrial products company's stock worth $104,000 after buying an additional 2,077 shares during the last quarter. 8.47% of the stock is owned by institutional investors and hedge funds. About Tenaris (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)Electric Vehicles Can Drive Alcoa Stock HigherCan Airbnb Still Thrive in a Recession? ConocoPhillips Shares Advance On Strong Q2 RevenueWhat to Expect from the Markets in a Recession MarketBeat: Week in Review 8/1 - 8/5

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