Tenaris S.A. ADR (TS) Analysis & Forecast for 2024

Tenaris S.A. ADR (NYSE: TS) is -18.56% lower on its value in year-to-date trading and has touched a low of $27.24 and a high of $40.72 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 $28.33 in the last trading session, with the day’s loss setting it -0.02%.

Currently trading at $28.31, the stock is -0.59% and -4.18% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.77 million and changing -0.07% at the moment leaves the stock -14.97% off its SMA200. TS registered -12.19% loss for a year compared to 6-month loss of -26.83%.

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The stock witnessed a 1.25% gain in the last 1 month and extending the period to 3 months gives it a -9.55%, and is -0.88% down 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 1.82% over the week and 1.75% over the month.

Tenaris S.A. ADR (TS) has around 29134 employees, a market worth around $16.09B and $13.42B in sales. Current P/E ratio is 6.04 and Fwd P/E is 8.26. Profit margin for the company is 20.41%. Distance from 52-week low is 3.93% and -30.48% from its 52-week high. The company has generated returns on investments over the last 12 months (16.26%).

with sales reaching $2.74B over the same period.The EPS is expected to shrink by -48.75% this year, but quarterly earnings will post -16.60% year-over-year. Quarterly sales are estimated to shrink -15.50% in year-over-year returns.

Tenaris S.A. ADR (TS) Top Institutional Holders

The shares outstanding are 583.94M, and float is at 567.50M with Short Float at 0.63%.

The top institutional shareholder in the company is WESTWOOD GLOBAL INVESTMENTS, LLC with over 8.26 million shares valued at $251.97 million. The investor’s holdings represent 1.4234% of the TS Shares outstanding. As of 2024-06-30, the second largest holder is ORBIS ALLAN GRAY LTD with 7.36 million shares valued at $224.63 million to account for 1.269 of the shares outstanding. The other top investors are VAN ECK ASSOCIATES CORP which holds 3.18 million shares representing 0.5488% and valued at over $97.15 million, while SOURCEROCK GROUP LLC holds 0.5254 of the shares totaling 3.05 million with a market value of $93.0 million.