Tenaris (NYSE:TS) Upgraded by Wall Street Zen to Buy Rating
by Doug Wharley · The Cerbat GemWall Street Zen upgraded shares of Tenaris (NYSE:TS – Free Report) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.
Other equities analysts have also recently issued reports about the stock. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $49.70 target price on shares of Tenaris in a report on Monday, February 23rd. Morgan Stanley raised their price objective on shares of Tenaris from $38.00 to $40.00 and gave the stock an “underweight” rating in a research report on Monday, February 23rd. Weiss Ratings restated a “hold (c)” rating on shares of Tenaris in a research note on Friday, March 27th. Piper Sandler reaffirmed a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Finally, TD Cowen reiterated a “buy” rating on shares of Tenaris in a research note on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Tenaris currently has an average rating of “Hold” and an average price target of $50.45.
View Our Latest Analysis on TS
Tenaris Stock Down 0.1%
NYSE:TS opened at $58.03 on Friday. The company has a market capitalization of $31.10 billion, a PE ratio of 15.90, a P/E/G ratio of 2.04 and a beta of 0.81. Tenaris has a 52-week low of $30.06 and a 52-week high of $59.38. The stock’s 50 day moving average price is $52.11 and its 200 day moving average price is $43.40.
Tenaris (NYSE:TS – Get Free Report) last issued its quarterly earnings data on Sunday, February 15th. The industrial products company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.76 by $0.11. The company had revenue of $3 billion during the quarter, compared to analysts’ expectations of $2.95 billion. Tenaris had a return on equity of 11.32% and a net margin of 16.13%.The firm’s revenue for the quarter was up 5.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. As a group, sell-side analysts anticipate that Tenaris will post 3.14 EPS for the current fiscal year.
Tenaris Announces Dividend
The company also recently disclosed a dividend, which will be paid on Wednesday, May 20th. Investors of record on Tuesday, May 19th will be given a $1.20 dividend. This represents a yield of 450.0%. The ex-dividend date is Tuesday, May 19th. Tenaris’s dividend payout ratio (DPR) is 31.78%.
Hedge Funds Weigh In On Tenaris
A number of large investors have recently bought and sold shares of TS. Advisory Services Network LLC acquired a new stake in shares of Tenaris in the 3rd quarter worth $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Tenaris during the fourth quarter worth about $48,000. Raymond James Financial Inc. purchased a new position in Tenaris during the second quarter worth about $49,000. Farther Finance Advisors LLC raised its holdings in Tenaris by 100.6% during the third 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 lifted its position in Tenaris by 57.7% in the third quarter. CWM LLC now owns 1,560 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 571 shares during the period. Hedge funds and other institutional investors own 10.45% of the company’s stock.
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.