Tenaris S.A. (NYSE: TS) is -24.63% lower on its value in year-to-date trading and has touched a low of $22.24 and a high of $38.00 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The TS stock was last observed hovering at around $26.33 in the last trading session, with the day’s gains setting it 0.17% off its average median price target of $41.93 for the next 12 months. It is also 47.0% off the consensus price target high of $50.00 offered by 19 analysts, but current levels are 14.04% higher than the price target low of $30.83 for the same period.
Currently trading at $26.50, the stock is -2.83% and -6.32% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.22 million and changing 0.65% at the moment leaves the stock -13.33% off its SMA200. TS registered -18.08% loss for a year compared to 6-month loss of -21.97%. The firm has a 50-day simple moving average (SMA 50) of $1.10 and a 200-day simple moving average (SMA200) of $3.19.
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The stock witnessed a -11.31% gain in the last 1 month and extending the period to 3 months gives it a -19.96%, and is 1.34% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.66% over the week and 2.25% over the month.
Tenaris S.A. (TS) has around 25292 employees, a market worth around $15.49B and $13.54B in sales. Current P/E ratio is 4.92 and Fwd P/E is 5.21. Profit margin for the company is 23.50%. Distance from 52-week low is 19.15% and -30.26% from its 52-week high. The company has generated returns on investments over the last 12 months (15.70%).
Tenaris S.A. (TS) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for Tenaris S.A. (TS) is a “Overweight”. 19 analysts offering their recommendations for the stock have an average rating of 1.90, where 4 rate it as a Hold and 2 think it is a “Overweight”. 12 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
Tenaris S.A. is expected to release its quarterly report on 08/02/2023.The EPS is expected to grow by 132.10% this year.
Tenaris S.A. (TS) Top Institutional Holders
The shares outstanding are 590.27M, and float is at 233.47M with Short Float at 3.11%.
Tenaris S.A. (TS): Who are the competitors?
The company’s main competitors (and peers) include United States Steel Corporation (X) that is trading -9.16% down over the past 12 months and YPF Sociedad Anonima (YPF) that is 157.37% higher over the same period. ArcelorMittal S.A. (MT) is -10.39% down on the 1-year trading charts.