At the time of writing, Tenaris S.A. ADR [TS] stock is trading at $36.12, up 1.29%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TS shares have gain 11.52% over the last week, with a monthly amount glided 10.12%, and seem to be holding up well over a long-time horizon.
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On 25, February 2024, Tenaris to Commence a USD 300 million Second Tranche of its USD 1.2 Billion Share Buyback Program. In a post published today on Yahoo Finance, Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) (“Tenaris”) announced today that pursuant to its Share Buyback Program (the “Program”) announced on November 1, 2023, covering up to $1.2 billion to be executed in the open market with the intent to cancel the ordinary shares acquired through the Program, Tenaris has entered into a non-discretionary buyback agreement with a primary financial institution (the “Bank”).
From an analyst’s perspective:
Previously, Jefferies downgraded its rating to Hold on January 04, 2024. On June 29, 2023, Jefferies initiated with a Buy rating and assigned a price target of $41.80 on the stock. Stifel upgraded its rating to a Buy and increased its price target to $38 on October 13, 2022. Jefferies upgraded its rating to a Buy and raised its price target to $46 on July 07, 2022. Wolfe Research upgraded its rating to Peer Perform for this stock on March 14, 2022, and upped its price target to $43. In a note dated February 28, 2022, Barclays upgraded an Overweight rating on this stock and boosted its target price from $27 to $32.
For the past year, the stock price of Tenaris S.A. ADR fluctuated between $24.69 and $36.62. Currently, Wall Street analysts expect the stock to reach $46 within the next 12 months. Tenaris S.A. ADR [NYSE: TS] shares were valued at $36.12 at the most recent close of the market. An investor can expect a potential return of 27.35% based on the average TS price forecast.
Analyzing the TS fundamentals
According to Tenaris S.A. ADR [NYSE:TS], the company’s sales were 14.87B for trailing twelve months, which represents an -5.67% plunge. Gross Profit Margin for this corporation currently stands at -0.03% with Operating Profit Margin at -0.22%, Pretax Profit Margin comes in at -0.24%, and Net Profit Margin reading is -0.51%. To continue investigating profitability, this company’s Return on Assets is posted at -1.53, Equity is -2.61 and Total Capital is -22.65. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of-6.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 35.80 points at the first support level, and at 35.48 for the second support level. However, for the 1st resistance point, the stock is sitting at 36.32, and for the 2nd resistance point, it is at 36.52.
Tenaris S.A. ADR [TS] reported earnings per share of $1.92 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $1.13/share, meaning a difference of $0.79 and a surprise factor of 69.90%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $0.91 per share as compared to estimates of $1.43 per share, a difference of -$0.52 representing a surprise of -36.40%.
Ratios To Look Out For
It is important to note that Tenaris S.A. ADR [NYSE:TS] has a current ratio of 3.62. As well, the Quick Ratio is 2.27, while the Cash Ratio is 0.05. Considering the valuation of this stock, the price to sales ratio is 1.42, the price to book ratio is 1.31 and price to earnings (TTM) ratio is 5.93.
