Short Term Price Target on Tenaris S.A. (TS)

Tenaris S.A. (NYSE:TS) : 6 Wall Street analysts covering Tenaris S.A. (NYSE:TS) believe that the average level the stock could reach for the short term is $26. The maximum price target given is $34 and the minimum target for short term is around $21, hence the standard deviation is calculated at $5.4.

Tenaris S.A. has dropped 2.63% in the last five trading days, however, the shares have posted positive gains of 9.91% in the last 4 weeks. Tenaris S.A. is up 19.76% in the last 3-month period. Year-to-Date the stock performance stands at 23.99%.

Tenaris S.A. (NYSE:TS) : The consensus on Tenaris S.A. (NYSE:TS) based on 7 analyst recommendation on the company stock is 3.14, which is interpreted as a Hold recommendation. Zacks Investment Research has issued a rank of 2 which endorses a Buy on the stock. However, 1 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Tenaris S.A. (NYSE:TS).

Tenaris S.A. (NYSE:TS): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $28.88 and $28.43 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $28.93. The buying momentum continued till the end and the stock did not give up its gains. It closed at $28.84, notching a gain of 2.05% for the day. The total traded volume was 2,817,914 . The stock had closed at $28.26 on the previous day.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.