Tenaris (NYSE:TS – Get Free Report) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.
Other analysts have also recently issued reports about the company. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and increased their target price for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Stifel Nicolaus lowered their price objective on shares of Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, October 11th. Finally, Piper Sandler began coverage on shares of Tenaris in a research report on Thursday, December 19th. They issued an “overweight” rating and a $48.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.75.
Get Our Latest Analysis on Tenaris
Tenaris Trading Down 0.8 %
Institutional Trading of Tenaris
Institutional investors and hedge funds have recently bought and sold shares of the stock. Commonwealth Equity Services LLC increased its holdings in Tenaris by 9.3% during the second quarter. Commonwealth Equity Services LLC now owns 14,918 shares of the industrial products company’s stock worth $455,000 after buying an additional 1,271 shares during the last quarter. American Century Companies Inc. increased its stake in shares of Tenaris by 10.3% during the 2nd quarter. American Century Companies Inc. now owns 15,913 shares of the industrial products company’s stock worth $486,000 after purchasing an additional 1,487 shares during the last quarter. XTX Topco Ltd bought a new stake in shares of Tenaris in the 2nd quarter valued at about $1,289,000. 1832 Asset Management L.P. lifted its stake in Tenaris by 16.6% in the 2nd quarter. 1832 Asset Management L.P. now owns 32,950 shares of the industrial products company’s stock valued at $1,006,000 after purchasing an additional 4,700 shares during the last quarter. Finally, Evergreen Capital Management LLC grew its holdings in Tenaris by 3.7% during the second quarter. Evergreen Capital Management LLC now owns 19,932 shares of the industrial products company’s stock worth $608,000 after purchasing an additional 710 shares during the period. 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.
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