Tenaris (NYSE:TS – Get Rating) was downgraded by analysts at StockNews.com from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Wednesday.
A number of other equities research analysts have also issued reports on TS. Morgan Stanley increased their target price on shares of Tenaris from $42.00 to $44.00 and gave the stock an “overweight” rating in a report on Tuesday, February 21st. Grupo Santander lowered shares of Tenaris from an “outperform” rating to a “neutral” rating in a report on Monday, November 28th. JPMorgan Chase & Co. increased their target price on shares of Tenaris from $45.00 to $50.00 and gave the stock an “overweight” rating in a report on Tuesday, November 15th. Cowen increased their target price on shares of Tenaris from $45.00 to $49.00 in a report on Friday, February 17th. Finally, Piper Sandler increased their price objective on shares of Tenaris from $33.00 to $45.00 and gave the company an “overweight” rating in a research report on Friday, November 18th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.35.
Tenaris Stock Performance
Shares of TS stock opened at $28.95 on Wednesday. The firm’s 50 day moving average price is $34.01 and its 200-day moving average price is $31.91. Tenaris has a one year low of $22.24 and a one year high of $38.00. The firm has a market cap of $17.09 billion, a P/E ratio of 6.69, a P/E/G ratio of 2.46 and a beta of 1.46.
Institutional Inflows and Outflows
Tenaris Company Profile
Tenaris SA manufactures and supplies steel pipe products. It operates through the Tubes and Other segments. The Tubes segment consists of the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.
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