Brokerages Set Tenaris S.A. (NYSE:TS) Target Price at $46.00

Shares of Tenaris S.A. (NYSE:TS - Get Free Report) have earned an average recommendation of "Moderate Buy" from the six ratings firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $47.00.

Several research firms have recently weighed in on TS. Piper Sandler increased their price objective on shares of Tenaris from $48.00 to $50.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on Tenaris from $43.00 to $41.00 and set a "buy" rating for the company in a research report on Tuesday. Barclays upped their target price on Tenaris from $48.00 to $50.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. StockNews.com downgraded Tenaris from a "buy" rating to a "hold" rating in a report on Saturday, March 22nd. Finally, Bank of America cut Tenaris from a "neutral" rating to an "underperform" rating in a report on Wednesday, January 29th.

Tenaris Trading Up 1.7 %

NYSE:TS traded up $0.57 during mid-day trading on Friday, hitting $33.26. 1,365,203 shares of the company's stock were exchanged, compared to its average volume of 1,789,570. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.87. The company has a 50 day simple moving average of $36.82 and a 200-day simple moving average of $36.58. The firm has a market capitalization of $19.34 billion, a P/E ratio of 9.21 and a beta of 1.21.

Tenaris (NYSE:TS - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.63 by $0.31. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. The company had revenue of $2.85 billion during the quarter, compared to the consensus estimate of $2.71 billion. As a group, analysts expect that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be given a $0.56 dividend. The ex-dividend date of this dividend is Tuesday, May 20th. This is an increase from Tenaris's previous semi-annual dividend of $0.54. Tenaris's dividend payout ratio (DPR) is presently 31.02%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of TS. Versant Capital Management Inc bought a new stake in shares of Tenaris during the fourth quarter worth about $28,000. GAMMA Investing LLC boosted its stake in Tenaris by 140.2% during the 4th quarter. GAMMA Investing LLC now owns 939 shares of the industrial products company's stock valued at $35,000 after purchasing an additional 548 shares during the last quarter. EverSource Wealth Advisors LLC increased its holdings in Tenaris by 78.9% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,084 shares of the industrial products company's stock worth $41,000 after purchasing an additional 478 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Tenaris in the fourth quarter worth approximately $42,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Tenaris by 291.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,725 shares of the industrial products company's stock valued at $65,000 after purchasing an additional 1,284 shares in the last quarter. Institutional investors and hedge funds 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.