Tenaris (TS) Stock Forecast & Price Target

$37.42 +0.42 (+1.14%)

(As of 11/22/2024 ET)

Tenaris - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 5 Analyst Ratings

Sell
1

Hold
2

Buy
2

Based on 5 Wall Street analysts who have issued ratings for Tenaris in the last 12 months, the stock has a consensus rating of "Hold." Out of the 5 analysts, 1 has given a sell rating, 2 have given a hold rating, and 2 have given a buy rating for TS.

Consensus Price Target

$38.67
3.33% Upside

According to the 5 analysts' twelve-month price targets for Tenaris, the average price target is $38.67. The highest price target for TS is $40.00, while the lowest price target for TS is $36.00. The average price target represents a forecasted upside of 3.33% from the current price of $37.42.

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TS Analyst Ratings Over Time

Type	Current Forecast 11/24/23 to 11/23/24	1 Month Ago 10/25/23 to 10/24/24	3 Months Ago 8/26/23 to 8/25/24	1 Year Ago 11/24/22 to 11/24/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)	2 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$38.67	$38.67	$39.00	$43.20
Forecasted Upside	3.33% Upside	23.18% Upside	37.08% Upside	27.06% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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TS Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TS Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Tenaris Stock vs. The Competition

Type	Tenaris	Industrial Products Companies	S&P 500
Consensus Rating Score	2.20	2.58	2.50
Consensus Rating	Hold	Moderate Buy	Moderate Buy
Predicted Upside	3.33% Upside	37.47% Upside	7.66% Upside
News Sentiment Rating	Positive News See Recent TS News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Action	Rating	Price Target	Upside/Downside on Report Date
10/11/2024	Stifel Nicolaus 4 of 5 stars	Lower Target	Buy ➝ Buy	$37.00 ➝ $36.00	+11.18%
7/15/2024	Piper Sandler 2 of 5 stars	Lower Target	Overweight ➝ Overweight	$43.00 ➝ $40.00	+28.16%
4/18/2024	Morgan Stanley 3 of 5 stars	Downgrade	Overweight ➝ Underweight	$40.00	+4.99%
1/16/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
1/4/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
2/17/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target		$45.00 ➝ $49.00	+33.62%
11/28/2022	Grupo Santander Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 11:38 PM ET.

Should I Buy Tenaris Stock? TS Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 20, 2024. Please send any questions or comments about these Tenaris pros and cons to contact@marketbeat.com.

Tenaris
Bull Case

Here are some ways that investors could benefit from investing in Tenaris S.A.:

Tenaris S.A. reported a strong earnings per share (EPS) of $0.81 for the latest quarter, significantly exceeding analysts' expectations of $0.63, indicating robust financial performance.
The company has a solid return on equity of 15.42%, which reflects its ability to generate profits from shareholders' equity, a positive sign for potential investors.
With a net margin of 20.23%, Tenaris S.A. demonstrates effective cost management and profitability, making it an attractive investment option.
The current stock price is $32.16, which is near its 1-year high of $40.72, suggesting potential for growth and a favorable market position.
Institutional interest is strong, with 10.45% of the stock owned by hedge funds and other institutional investors, indicating confidence in the company's future prospects.

Tenaris
Bear Case

Investors should be bearish about investing in Tenaris S.A. for these reasons:

The company experienced a decline in revenue of 18.5% year-over-year, which may raise concerns about its growth trajectory and market demand.
Despite a recent positive EPS report, the previous quarter saw an EPS of only $0.59, missing the consensus estimate, which could indicate volatility in earnings.
The stock has a P/E ratio of 6.86, which, while low, may suggest that the market has concerns about future growth potential compared to its peers.
Recent fluctuations in stock price, with a 1-year low of $27.24, may indicate instability, which could deter risk-averse investors.
Institutional investors have been adjusting their stakes, with some acquiring new positions while others have reduced theirs, reflecting mixed sentiment about the company's future performance.

TS Forecast - Frequently Asked Questions

: According to the research reports of 5 Wall Street equities research analysts, the average twelve-month stock price forecast for Tenaris is $38.67, with a high forecast of $40.00 and a low forecast of $36.00.
: 5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Tenaris in the last year. There is currently 1 sell rating, 2 hold ratings and 2 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TS shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TS, but not buy additional shares or sell existing shares.
: According to analysts, Tenaris's stock has a predicted upside of 3.33% based on their 12-month stock forecasts.
: Tenaris has been rated by research analysts at Stifel Nicolaus in the past 90 days.
: Analysts like Tenaris less than other "industrial products" companies. The consensus rating for Tenaris is Hold while the average consensus rating for "industrial products" companies is Moderate Buy. Learn more on how TS compares to other companies.

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This page (NYSE:TS) was last updated on 11/23/2024 by MarketBeat.com Staff

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Tenaris (TS) Stock Forecast & Price Target