Tenaris (NYSE:TS) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Tenaris (NYSE:TS) from a buy rating to a hold rating in a report released on Saturday morning.

Several other research analysts have also recently commented on TS. Stifel Nicolaus boosted their target price on Tenaris from $37.00 to $45.00 and gave the stock a “buy” rating in a research note on Wednesday, November 12th. Oddo Bhf raised Tenaris to an “outperform” rating in a research report on Thursday, February 5th. Morgan Stanley set a $38.00 target price on shares of Tenaris and gave the stock an “underweight” rating in a research note on Wednesday, January 21st. Weiss Ratings reiterated a “hold (c)” rating on shares of Tenaris in a research note on Monday, December 29th. Finally, Piper Sandler reiterated a “neutral” rating on shares of Tenaris in a report on Thursday, December 18th. Five research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $42.72.

Tenaris Stock Up 3.6%

Tenaris stock opened at $48.76 on Friday. Tenaris has a 52-week low of $30.06 and a 52-week high of $48.83. The firm has a market cap of $28.35 billion, a PE ratio of 13.11, a price-to-earnings-growth ratio of 12.87 and a beta of 0.95. The company’s 50 day moving average is $42.19 and its two-hundred day moving average is $38.87.

Institutional Investors Weigh In On Tenaris

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Blue Trust Inc. boosted its stake in Tenaris by 48.8% in the second quarter. Blue Trust Inc. now owns 1,088 shares of the industrial products company’s stock valued at $41,000 after acquiring an additional 357 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Tenaris in the 3rd quarter valued at about $47,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in shares of Tenaris in the 4th quarter valued at about $48,000. Raymond James Financial Inc. acquired a new stake in shares of Tenaris in the 2nd quarter valued at about $49,000. Finally, Farther Finance Advisors LLC grew its stake in Tenaris by 100.6% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,446 shares of the industrial products company’s stock worth $52,000 after buying an additional 725 shares during the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

About Tenaris

Tenaris SA is a global manufacturer and supplier of steel tubular products and related services, primarily serving the oil and gas industry as well as other energy and industrial markets. Its product portfolio centers on seamless and welded steel pipes used for casing, tubing and line pipe applications, alongside a range of specialty and mechanical steel tubes. The company also provides value‑added technical solutions, including premium connections, heat treatment and surface protection, to support drilling, completion and production activities.

Tenaris operates an integrated industrial and commercial network that combines manufacturing, distribution and field services.