Barclays analyst David Anderson maintained a Buy rating on Tenaris SA (TS – Research Report) yesterday and set a price target of $47.00. The company’s shares closed yesterday at $28.49.
According to TipRanks, Anderson is an analyst with an average return of -1.5% and a 41.69% success rate. Anderson covers the Industrial Goods sector, focusing on stocks such as Valaris, TechnipFMC, and Schlumberger.
Currently, the analyst consensus on Tenaris SA is a Strong Buy with an average price target of $46.20, implying a 62.16% upside from current levels. In a report released on April 18, Morgan Stanley also maintained a Buy rating on the stock with a $40.00 price target.
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TS market cap is currently $17.16B and has a P/E ratio of 6.59.
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Tenaris SA manufactures and supplies steel pipe products. The company engages in the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. Tenaris was founded in 1909 and is headquartered in Luxembourg.
Read More on TS:
- Tenaris Announces 2023 First Quarter Results
- Tenaris price target lowered to $40 from $44 at Morgan Stanley
- Tenaris Files 2022 Annual Report / Annual Report on Form 20-F, and 2022 Sustainability Report, and Convenes Annual General Meeting of Shareholders
- Tenaris to increase participation in T/T group
- Tenaris to Increase its Participation in Usiminas Control Group
