Analyst Price Target Update on Tenaris S.A. (NYSE:TS)

Tenaris S.A. (NYSE:TS): The mean estimate for the short term price target for Tenaris S.A. (NYSE:TS) stands at $26 according to 6 Analysts. The higher price target estimate for the stock has been calculated at $34 while the lower price target estimate is at $21.

Many analysts have stated their opinion on the company shares. Equity Analysts at the Citigroup upgrades the rating on Tenaris S.A. (NYSE:TS). The brokerage firm has issued a Neutral rating on the shares. The shares were previously rated Sell. The Analysts at the ratings agency raises the price target from $19 per share to $28 per share. The rating by the firm was issued on April 20, 2016. Company shares have received an average consensus rating of Hold for the current week

Tenaris S.A. (NYSE:TS) stock ended Monday session in the red zone in a volatile trading. The stock closed down 0.64 points or 2.25% at $27.76 with 1,700,011 shares getting traded. Post opening the session at $27.84, the shares hit an intraday low of $27.72 and an intraday high of $28.24 and the price was in this range throughout the day. The company has a market cap of $16,386 million and the number of outstanding shares have been calculated to be 590,268,500 shares. The 52-week high of Tenaris S.A. (NYSE:TS) is $29.69 and the 52-week low is $18.53.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *