In a report released today, Luke Lemoine from Piper Sandler maintained a Buy rating on Tenaris SA (TS – Research Report), with a price target of $49.00. The company’s shares closed yesterday at $28.49.
Lemoine covers the Industrial Goods sector, focusing on stocks such as Baker Hughes Company, NOV, and Chart Industries. According to TipRanks, Lemoine has an average return of -6.9% and a 34.69% success rate on recommended stocks.
Tenaris SA has an analyst consensus of Strong Buy, with a price target consensus of $46.20, representing a 62.16% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $47.00 price target.
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The company has a one-year high of $38.00 and a one-year low of $22.02. Currently, Tenaris SA has an average volume of 2.23M.
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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
