Brokerages Set Tenaris S.A. (NYSE:TS) Target Price at $46.00

Tenaris S.A. (NYSE:TS) has been given a consensus recommendation of “Hold” by the seven research firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $46.00.

A number of analysts have weighed in on the company. StockNews.com cut Tenaris from a “buy” rating to a “hold” rating in a research note on Saturday. Kepler Capital Markets lowered Tenaris from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Barclays upped their price target on Tenaris from $48.00 to $50.00 and gave the company an “overweight” rating in a report on Monday, February 24th. Jefferies Financial Group raised shares of Tenaris from a “hold” rating to a “buy” rating and raised their price objective for the stock from $35.00 to $47.00 in a report on Monday, December 9th. Finally, Bank of America downgraded shares of Tenaris from a “neutral” rating to an “underperform” rating in a research report on Wednesday, January 29th.

Tenaris Stock Down 1.4 %

Shares of NYSE:TS opened at $39.36 on Wednesday. Tenaris has a fifty-two week low of $27.24 and a fifty-two week high of $40.73. The firm’s 50 day moving average price is $38.27 and its 200 day moving average price is $35.89. The stock has a market cap of $22.88 billion, a price-to-earnings ratio of 10.90 and a beta of 1.43.

Tenaris (NYSE:TS) last announced its quarterly earnings data on Wednesday, February 19th. The industrial products company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.31. The company had revenue of $2.85 billion for the quarter, compared to the consensus estimate of $2.71 billion. Tenaris had a net margin of 16.26% and a return on equity of 11.76%. On average, equities analysts anticipate that Tenaris will post 3.14 EPS for the current year.

Tenaris Increases Dividend

The firm also recently declared a semi-annual dividend, which will be paid on Wednesday, May 21st. Investors of record on Tuesday, May 20th will be paid a dividend of $0.56 per share. The ex-dividend date of this dividend is Tuesday, May 20th. This is a boost from Tenaris’s previous semi-annual dividend of $0.54. Tenaris’s dividend payout ratio is currently 31.02%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. West Family Investments Inc. acquired a new stake in shares of Tenaris in the 3rd quarter worth $200,000. Integrated Investment Consultants LLC purchased a new position in Tenaris during the third quarter worth about $365,000. Charles Schwab Investment Management Inc. lifted its position in Tenaris by 48.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 23,132 shares of the industrial products company’s stock valued at $735,000 after purchasing an additional 7,533 shares during the period. Cerity Partners LLC lifted its position in Tenaris by 28.3% in the third quarter. Cerity Partners LLC now owns 24,967 shares of the industrial products company’s stock valued at $794,000 after purchasing an additional 5,502 shares during the period. Finally, FMR LLC boosted its holdings in Tenaris by 21.3% in the 3rd quarter. FMR LLC now owns 3,503,644 shares of the industrial products company’s stock valued at $111,381,000 after purchasing an additional 614,884 shares in the last quarter. 10.45% of the stock is currently owned by institutional investors and hedge funds.

About Tenaris

Tenaris SA, together with its subsidiaries, produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, and other industrial applications. The company offers steel casings, tubing products, mechanical and structural pipes, line pipes, cold-drawn pipes, and premium joints and couplings; and coiled tubing products for oil and gas drilling and workovers, and subsea pipelines.