Tenaris S.A. ADR (TS) concluded trading on 11/22/23 at a closing price of $33.55, with 2.37 million shares of worth about $79.56 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 27.28% during that period and on Wednesday the price saw a loss of about -1.35%. Currently the company’s common shares owned by public are about 590.27M shares, out of which, 589.34M shares are available for trading.
A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 18 analysts are covering the TS stock and their offered price forecasts bring an average price target of $40.34. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $48.00 and could fall to a lowest price of $29.73. The stock’s current price level is 16.83% above of average price target set by the analysts, while a rise to estimated low would result in loss of -12.85% for the stock. However, touching the estimated high of $48.00 would mean a gain of 30.1% for the stock.
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Tenaris S.A. ADR (NYSE: TS) started trading at $33.05, below -$0.96 from concluding price of the previous day. Stock saw a price change of -2.81% in past 5 days and over the past one month there was a price change of 3.04%. Year-to-date (YTD), TS shares are showing a performance of -4.58% which increased to 1.76% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $24.69 but also hit the highest price of $38.00 during that period. The average intraday trading volume for Tenaris S.A. ADR shares is 2.04 million. The stock is currently trading -0.19% below its 20-day simple moving average (SMA20), while that difference is up 2.67% for SMA50 and it goes to 8.35% higher than SMA200.
Tenaris S.A. ADR (NYSE: TS) currently have 590.27M outstanding shares and institutions hold larger chunk of about 10.39% of that.
The stock has a current market capitalization of $19.80B and its 3Y-monthly beta is at 1.47. PE ratio of stock for trailing 12 months is 5.51, while it has posted earnings per share of $6.09 in the same period. It has Quick Ratio of 2.40 while making debt-to-equity ratio of 0.05. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for TS, volatility over the week remained 2.25% while standing at 1.99% over the month.
Analysts are in expectations that Tenaris S.A. ADR (TS) stock would likely to be making an EPS of $0.95 in the current quarter, while forecast for next quarter EPS is $0.93 and it is $4.07 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.89 which is $1.02 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.36 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 33.29% while it is estimated to decrease by -27.94% in next year. EPS is likely to shrink at an annualized rate of -1.60% for next 5-years, compared to annual growth of 40.86% made by the stock over the past 5-years.
Analysts at 18 brokerage firms have issued recommendations for the Tenaris S.A. ADR (TS)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.94. Out of those 18 Wall Street analysts, 9 recommended a “Buy” rating, while 6 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on June 29, 2023 offering a Buy rating for the stock and assigned a target price of $41.80 to it.
