Tenaris SA (NYSE:TS) has earned an average rating of “Buy” from the fourteen brokerages that are currently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $37.42.

A number of analysts have commented on the stock. Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price on shares of General Motors in a report on Tuesday, March 26th. Morgan Stanley set a $35.00 price objective on shares of Tenaris and gave the stock a “buy” rating in a research note on Wednesday, July 3rd. TheStreet cut shares of Viewray from a “c-” rating to a “d” rating in a research note on Friday, May 3rd. Zacks Investment Research cut shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, ValuEngine raised shares of William Lyon Homes from a “strong sell” rating to a “sell” rating in a research note on Wednesday, April 10th.

Large investors have recently modified their holdings of the stock. Parallel Advisors LLC bought a new position in shares of Tenaris during the first quarter worth $29,000. Macquarie Group Ltd. bought a new position in Tenaris during the fourth quarter valued at $42,000. Icon Wealth Partners LLC bought a new position in Tenaris during the first quarter valued at $44,000. NumerixS Investment Technologies Inc bought a new position in Tenaris during the fourth quarter valued at $45,000. Finally, Rehmann Capital Advisory Group lifted its position in Tenaris by 292.0% during the first quarter. Rehmann Capital Advisory Group now owns 4,861 shares of the industrial products company’s stock valued at $137,000 after purchasing an additional 3,621 shares during the last quarter. Hedge funds and other institutional investors own 14.40% of the company’s stock.

TS stock traded down $0.15 during midday trading on Tuesday, reaching $27.38. 1,340,483 shares of the company’s stock traded hands, compared to its average volume of 1,674,843. Tenaris has a 52-week low of $20.45 and a 52-week high of $37.70. The company has a market cap of $16.16 billion, a PE ratio of 18.50, a P/E/G ratio of 1.84 and a beta of 1.12. The company has a current ratio of 3.13, a quick ratio of 1.75 and a debt-to-equity ratio of 0.02. The stock’s 50-day moving average is $25.33.

Tenaris (NYSE:TS) last announced its earnings results on Thursday, May 2nd. The industrial products company reported $0.41 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.03. Tenaris had a net margin of 11.53% and a return on equity of 7.46%. The business had revenue of $1.87 billion during the quarter, compared to analysts’ expectations of $2 billion. During the same period in the prior year, the company earned $0.20 earnings per share. The firm’s revenue was up .3% on a year-over-year basis. Sell-side analysts anticipate that Tenaris will post 1.53 earnings per share for the current fiscal year.

About Tenaris

Tenaris SA, through its subsidiaries, produces and sells seamless and welded steel tubular products; and provides related services for the oil and gas industry, and other industrial applications. The company offers products for oil and gas drilling operations, such as casing and tubing products, premium connections, drill pipes, coiled tubing, hot-rolled and cold-drawn seamless tubes, perforating guns, tubular accessories, and non-tubular accessories and devices.

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Analyst Recommendations for Tenaris (NYSE:TS)

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