Analysts Set Tenaris S.A. (NYSE:TS) PT at $42.75

Shares of Tenaris S.A. (NYSE:TS) have been given a consensus recommendation of “Hold” by the five brokerages that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have covered the stock in the last year is $42.75.

Several research analysts have recently commented on TS shares. Piper Sandler began coverage on Tenaris in a report on Thursday, December 19th. They set an “overweight” rating and a $48.00 price objective for the company. StockNews.com raised Tenaris from a “hold” rating to a “buy” rating in a research note on Friday, January 3rd. Jefferies Financial Group raised Tenaris from a “hold” rating to a “buy” rating and upped their target price for the stock from $35.00 to $47.00 in a research note on Monday, December 9th. Finally, Stifel Nicolaus cut their target price on Tenaris from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, October 11th.

Tenaris Trading Up 1.0 %

Shares of NYSE TS opened at $38.77 on Friday. Tenaris has a 12 month low of $27.24 and a 12 month high of $40.72. The firm has a market capitalization of $22.54 billion, a price-to-earnings ratio of 8.45 and a beta of 1.45. The business has a 50-day moving average of $37.52 and a 200-day moving average of $32.82.

Tenaris Cuts Dividend

The business also recently disclosed a Semi-Annual dividend, which was paid on Wednesday, November 20th. Stockholders of record on Tuesday, November 19th were paid a dividend of $0.54 per share. This represents a dividend yield of 3.6%. The ex-dividend date was Tuesday, November 19th. Tenaris’s dividend payout ratio (DPR) is presently 23.53%.

Institutional Trading of Tenaris

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new stake in shares of Tenaris during the fourth quarter valued at approximately $28,000. GAMMA Investing LLC boosted its stake in shares of Tenaris by 140.2% during the fourth 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 period. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Tenaris during the third quarter valued at approximately $33,000. Allspring Global Investments Holdings LLC bought a new position in shares of Tenaris during the second quarter valued at approximately $32,000. Finally, Covestor Ltd bought a new position in shares of Tenaris during the third quarter valued at approximately $40,000. Hedge funds and other 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.