Tenaris S.A. (NYSE:TS) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have been given a consensus recommendation of "Hold" by the eight analysts that are presently covering the stock, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $44.00.

TS has been the topic of several research reports. Stifel Nicolaus lowered their price target on shares of Tenaris from $43.00 to $41.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Barclays set a $48.00 target price on Tenaris and gave the stock an "overweight" rating in a research report on Tuesday, May 6th. Wall Street Zen upgraded Tenaris from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Morgan Stanley dropped their price objective on Tenaris from $35.00 to $34.00 and set an "underweight" rating on the stock in a report on Friday, May 16th. Finally, BNP Paribas began coverage on Tenaris in a report on Tuesday, April 22nd. They set an "outperform" rating for the company.

Tenaris Price Performance

Shares of NYSE TS traded down $0.04 during trading on Monday, reaching $35.29. 1,697,097 shares of the stock traded hands, compared to its average volume of 1,751,780. The stock has a market capitalization of $20.51 billion, a P/E ratio of 9.77 and a beta of 1.27. Tenaris has a 52-week low of $27.24 and a 52-week high of $40.87. The company has a 50-day moving average of $33.81 and a 200-day moving average of $36.66.

Tenaris (NYSE:TS - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.14. The business had revenue of $2.92 billion for the quarter, compared to analysts' expectations of $2.88 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The firm's quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.27 EPS. Analysts expect that Tenaris will post 3.14 earnings per share for the current fiscal year.

Tenaris announced that its board has authorized a stock repurchase plan on Tuesday, May 27th that allows the company to repurchase $1.20 billion in outstanding shares. This repurchase authorization allows the industrial products company to reacquire up to 6.2% of its shares through open market purchases. Shares repurchase plans are often an indication that the company's leadership believes its stock is undervalued.

Institutional Trading of Tenaris

Large investors have recently modified their holdings of the business. Exencial Wealth Advisors LLC boosted its holdings in shares of Tenaris by 0.5% in the 4th quarter. Exencial Wealth Advisors LLC now owns 50,404 shares of the industrial products company's stock worth $1,905,000 after purchasing an additional 270 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in Tenaris by 4.0% in the first quarter. PNC Financial Services Group Inc. now owns 8,088 shares of the industrial products company's stock worth $316,000 after purchasing an additional 308 shares during the last quarter. Russell Investments Group Ltd. boosted its position in Tenaris by 10.6% during the first quarter. Russell Investments Group Ltd. now owns 3,636 shares of the industrial products company's stock valued at $142,000 after buying an additional 347 shares during the period. Silvercrest Asset Management Group LLC grew its stake in shares of Tenaris by 0.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 97,796 shares of the industrial products company's stock valued at $3,696,000 after buying an additional 386 shares during the last quarter. Finally, Advisors Asset Management Inc. grew its stake in shares of Tenaris by 4.3% during the first quarter. Advisors Asset Management Inc. now owns 9,408 shares of the industrial products company's stock valued at $368,000 after buying an additional 390 shares during the last quarter. Institutional investors own 10.45% of the company's stock.

Tenaris Company Profile

Tenaris SA, together with its subsidiaries, 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 steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.