Tenaris (NYSE:TS) was upgraded by investment analysts at TheStreet from a “c+” rating to a “b” rating in a research report issued on Tuesday, TheStreetRatingsTable reports.
Other equities research analysts have also issued research reports about the company. Barclays lifted their price objective on Tenaris from $25.00 to $26.00 and gave the company an “equal weight” rating in a report on Thursday, August 26th. Credit Suisse Group reissued an “underperform” rating on shares of Tenaris in a research note on Thursday, September 30th. COKER & PALMER raised Tenaris from a “sector perform” rating to a “sector outperform” rating in a research note on Friday, November 12th. Zacks Investment Research raised Tenaris from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research note on Thursday, November 11th. Finally, JPMorgan Chase & Co. raised Tenaris from a “neutral” rating to an “overweight” rating and boosted their price target for the stock from $23.00 to $33.00 in a research note on Monday, November 8th. One analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average target price of $26.50.
Shares of TS opened at $21.54 on Tuesday. Tenaris has a twelve month low of $14.88 and a twelve month high of $25.53. The stock’s 50 day moving average is $22.18 and its two-hundred day moving average is $21.67. The firm has a market capitalization of $12.71 billion, a PE ratio of 15.17 and a beta of 1.79. The company has a current ratio of 2.90, a quick ratio of 1.43 and a debt-to-equity ratio of 0.01.
Tenaris Company Profile
Tenaris SA manufactures and supplies steel pipe products. The firm operates through the following business segments: Tubes and Other. The Tubes segment includes the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry, particularly oil country tubular goods used in drilling operations, and for other industrial applications with production processes that consist in the transformation of steel into tubular products.
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