Tenaris S.A. (TS) Receives Price Target

Tenaris S.A. (TS) : The highest short term price target forecast on Tenaris S.A. (TS) is $34 and the lowest target price is $21. A total of 6 equity analysts are currently covering the company. The average price of all the analysts is $26.5 with a standard deviation of $5.09.

Tenaris S.A. (TS) : 6 analysts are covering Tenaris S.A. (TS) and their average rating on the stock is 2.83, which is read as a Hold. 1 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. 1 more analyst has given the stock a Sell recommendation. A total of 4 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, Equity Analysts at the Brokerage Firm, Goldman Sachs, downgrades their rating on the shares of Tenaris S.A. (NYSE:TS). Goldman Sachs has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. The rating by the firm was issued on July 20, 2016.

Tenaris S.A. (NYSE:TS): The stock opened at $27.28 on Thursday but the bulls could not build on the opening and the stock topped out at $27.38 for the day. The stock traded down to $27.08 during the day, due to lack of any buying support eventually closed down at $27.37 with a loss of -0.26% for the day. The stock had closed at $27.44 on the previous day. The total traded volume was 1,885,632 shares.

Tenaris S.A is a holding company, which is engaged in the steel pipe manufacturing and distribution businesses. The Company produces and sells 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. It operates in geographical areas, which include North America, South America, Europe, Middle East, Africa, and Far East and Oceania. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. It also manufactures sucker rods used in oil extraction activities, industrial equipment of various specifications and applications, including liquid and gas storage equipment, and welded steel pipes for electric conduits used in the construction industry.

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