Analysts Set Tenaris S.A. (NYSE:TS) PT at $46.00

Shares of Tenaris S.A. (NYSE:TS) have been assigned an average rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $46.00.

A number of equities research analysts recently commented on TS shares. Piper Sandler boosted their target price on Tenaris from $48.00 to $50.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 25th. Jefferies Financial Group upgraded Tenaris from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $47.00 in a research report on Monday, December 9th. StockNews.com upgraded Tenaris from a “hold” rating to a “buy” rating in a research report on Friday, March 14th. Barclays upped their price objective on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a research report on Monday, February 24th. Finally, Stifel Nicolaus upped their price objective on Tenaris from $40.00 to $43.00 and gave the company a “buy” rating in a research report on Friday, February 21st.

Tenaris Trading Down 1.4 %

NYSE:TS opened at $39.36 on Wednesday. The company has a market capitalization of $22.88 billion, a P/E ratio of 10.90 and a beta of 1.43. Tenaris has a 12 month low of $27.24 and a 12 month high of $40.73. The business’s 50-day moving average is $38.27 and its 200 day moving average is $35.80.

Tenaris (NYSE:TS) last posted its earnings results on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.31. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a return on equity of 11.76% and a net margin of 16.26%. On average, research analysts forecast that Tenaris will post 3.14 earnings per share for the current year.

Tenaris Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, May 21st. Stockholders of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. The ex-dividend date of this dividend is Tuesday, May 20th. Tenaris’s dividend payout ratio is currently 31.02%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of TS. Versant Capital Management Inc bought a new position in Tenaris in the fourth quarter worth approximately $28,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Tenaris during the 3rd quarter valued at $33,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position 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 valued at $41,000 after acquiring an additional 478 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in Tenaris during the 4th quarter valued at $42,000. 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.