Tenaris S.A. ADR [TS] stock is trading at $40.28, up 2.05%. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The TS shares have gain 2.00% over the last week, with a monthly amount glided 13.27%, and seem to be holding up well over a long-time horizon.
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On 22, March 2024, Tenaris Files 2023 Annual Report, 2023 Sustainability Report, and Convenes the Annual General Meeting of Shareholders and an Extraordinary General Meeting of Shareholders. In a post published today on Yahoo Finance, Tenaris S.A. (NYSE and Mexico: TS and EXM Italy: TEN) filed today its 2023 Annual Report and its 2023 Sustainability Report with the Luxembourg Stock Exchange, with the U.S. Securities and Exchange Commission (SEC), and with the other securities regulators of the markets where its securities are listed. These reports (which contain the financial and non-financial information required by applicable Luxembourg law for the year ended December 31, 2023, including Tenaris’s consolidated financial statements as of and for the year ended December 31, 2023, Tenaris’s annual accounts as at December 31, 2023, and their related external auditors’ reports and consolidated management report and certifications) is available on the Luxembourg Stock Exchange’s website at www.bourse.lu/regulated-information-oam, the SEC’s website at www.sec.gov, and Tenaris’s website at ir.tenaris.com.
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.
Tenaris S.A. ADR [TS] stock has fluctuated between $24.69 and $39.97 over the past year. 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 $40.28 at the most recent close of the market. An investor can expect a potential return of 14.2% based on the average TS price forecast.
Analyzing the TS fundamentals
Tenaris S.A. ADR [NYSE:TS] reported sales of 14.87B for the trailing twelve months, which represents a drop of -5.67%. Gross Profit Margin for this corporation currently stands at 0.42% with Operating Profit Margin at 0.29%, Pretax Profit Margin comes in at 0.31%, and Net Profit Margin reading is 0.26%. To continue investigating profitability, this company’s Return on Assets is posted at 0.19, Equity is 0.25 and Total Capital is 0.24. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.04.
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 39.91 points at the first support level, and at 39.54 for the second support level. However, for the 1st resistance point, the stock is sitting at 40.51, and for the 2nd resistance point, it is at 40.74.
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
For context, Tenaris S.A. ADR’s Current Ratio is 3.62. In addition, the Quick Ratio stands at 2.25 and the Cash Ratio stands at 0.56. Considering the valuation of this stock, the price to sales ratio is 1.58, the price to book ratio is 1.40 and price to earnings (TTM) ratio is 6.06.
