Tenaris (NYSE:TS – Get Rating) had its price objective upped by research analysts at Piper Sandler from $33.00 to $45.00 in a report released on Friday, The Fly reports. The brokerage currently has an “overweight” rating on the industrial products company’s stock. Piper Sandler’s price target indicates a potential upside of 32.51% from the company’s current price.
Several other brokerages have also weighed in on TS. StockNews.com lowered Tenaris from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Stifel Nicolaus upgraded Tenaris from a “hold” rating to a “buy” rating and increased their target price for the company from $30.00 to $38.00 in a research note on Thursday, October 13th. Finally, JPMorgan Chase & Co. increased their target price on Tenaris from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, November 15th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, Tenaris presently has an average rating of “Moderate Buy” and a consensus target price of $33.38.
Tenaris Price Performance
Shares of TS stock opened at $33.96 on Friday. Tenaris has a fifty-two week low of $19.40 and a fifty-two week high of $35.05. The stock’s 50-day moving average is $29.44 and its two-hundred day moving average is $28.73. The firm has a market cap of $20.05 billion, a P/E ratio of 9.46, a PEG ratio of 0.29 and a beta of 1.51.
Institutional Inflows and Outflows
Tenaris Company Profile
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.
- Get a free copy of the StockNews.com research report on Tenaris (TS)
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