Tenaris (TS) Upgraded by ValuEngine to Buy


ValuEngine upgraded shares of Tenaris (NYSE:TS) from a hold rating to a buy rating in a research report sent to investors on Tuesday morning.

Other research analysts have also issued research reports about the company. Piper Jaffray set a $40.00 target price on Tenaris and gave the stock a buy rating in a research report on Saturday, March 10th. Guggenheim restated a buy rating and set a $46.00 price objective on shares of Tenaris in a research report on Friday, March 2nd. Barclays restated a buy rating and set a $41.00 price objective on shares of Tenaris in a research report on Tuesday, February 27th. Loop Capital boosted their price objective on Tenaris from $39.00 to $43.00 and gave the company a buy rating in a research report on Thursday, March 22nd. Finally, Citigroup upgraded Tenaris from a neutral rating to a buy rating and set a $43.00 price objective for the company in a research report on Wednesday, April 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and eleven have given a buy rating to the stock. Tenaris currently has a consensus rating of Buy and a consensus price target of $39.08.


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Shares of TS opened at $38.65 on Tuesday. The company has a market capitalization of $22,772.54, a PE ratio of 50.19 and a beta of 0.69. Tenaris has a 52 week low of $25.91 and a 52 week high of $39.16.

Tenaris (NYSE:TS) last issued its earnings results on Wednesday, February 21st. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.21 by $0.06. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. Tenaris had a return on equity of 4.95% and a net margin of 9.58%. research analysts expect that Tenaris will post 1.29 earnings per share for the current year.


A number of institutional investors have recently made changes to their positions in TS. JPMorgan Chase & Co. raised its stake in Tenaris by 8,750.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 137,630 shares of the industrial products company’s stock valued at $3,897,000 after acquiring an additional 136,075 shares in the last quarter. Fox Run Management L.L.C. raised its stake in Tenaris by 35.8% during the 4th quarter. Fox Run Management L.L.C. now owns 22,000 shares of the industrial products company’s stock valued at $701,000 after acquiring an additional 5,800 shares in the last quarter. FNY Partners Fund LP raised its stake in Tenaris by 317.5% during the 4th quarter. FNY Partners Fund LP now owns 444,600 shares of the industrial products company’s stock valued at $14,164,000 after acquiring an additional 338,100 shares in the last quarter. Comerica Bank raised its stake in Tenaris by 4.5% during the 4th quarter. Comerica Bank now owns 42,004 shares of the industrial products company’s stock valued at $1,503,000 after acquiring an additional 1,825 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Tenaris by 23.5% during the 4th quarter. Aperio Group LLC now owns 224,510 shares of the industrial products company’s stock valued at $7,153,000 after acquiring an additional 42,792 shares in the last quarter. 12.79% of the stock is currently owned by hedge funds and other institutional investors.


About Tenaris

Tenaris SA produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, tubular and non-tubular accessories, and devices.

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Analyst Recommendations for Tenaris (NYSE:TS)