Currently, there are 583.94M common shares owned by the public and among those 567.50M shares have been available to trade.
The company’s stock has a 5-day price change of 1.77% and -18.02% over the past three months. TS shares are trading -19.10% year to date (YTD), with the 12-month market performance down to -13.18% lower. It has a 12-month low price of $27.24 and touched a high of $40.72 over the same period. TS has an average intraday trading volume of 1.97 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by -1.19%, -6.37%, and -16.37% respectively.
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Institutional ownership of Tenaris S.A. ADR (NYSE: TS) shares accounts for 10.27% of the company’s 583.94M shares outstanding.
It has a market capitalization of $15.98B and a beta (3y monthly) value of 1.41. The stock’s trailing 12-month PE ratio is 6.00, while the earnings-per-share (ttm) stands at $4.69. The company has a PEG of 6.66 and a Quick Ratio of 1.89 with the debt-to-equity ratio at 0.04. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.53% over the week and 1.86% over the month.
Earnings per share for the fiscal year are expected to decrease by -48.55%, and -0.01% over the next financial year. EPS should shrink at an annualized rate of 0.90% over the next five years, compared to 34.97% over the past 5-year period.
Looking at the support for the TS, a number of firms have released research notes about the stock. Morgan Stanley stated their Underweight rating for the stock in a research note on April 18, 2024, with the firm’s price target at $40. Jefferies was of a view on January 04, 2024 that the stock is Hold, while Jefferies gave the stock Buy rating on June 29, 2023, issuing a price target of $41.80. Stifel on their part issued Buy rating on October 13, 2022.
