Tenaris S.A. ADR (TS) shares projected to rise by 42.35%

At the time of writing, Tenaris S.A. ADR [TS] stock is trading at $31.26, down -1.08%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The TS shares have lost -1.57% over the last week, with a monthly amount glided 2.36%, and seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Tenaris S.A. ADR [NYSE: TS] stock has seen the most recent analyst activity on April 18, 2024, when Morgan Stanley downgraded its rating to a Underweight but kept the price target unchanged to $40 for it. On January 04, 2024, downgrade downgraded it’s rating to Hold. Jefferies started tracking the stock assigning a Buy rating and suggested a price target of $41.80 on June 29, 2023. Stifel upgraded its rating to a Buy and raised its price target to $38 on October 13, 2022. Jefferies upgraded its rating to Buy for this stock on July 07, 2022, and upped its price target to $46. In a note dated March 14, 2022, Wolfe Research upgraded an Peer Perform rating on this stock and boosted its target price from $38 to $43.

For the past year, the stock price of Tenaris S.A. ADR fluctuated between $29.56 and $40.72. Currently, Wall Street analysts expect the stock to reach $44.5 within the next 12 months. Tenaris S.A. ADR [NYSE: TS] shares were valued at $31.26 at the most recent close of the market. An investor can expect a potential return of 42.35% based on the average TS price forecast.

Analyzing the TS fundamentals

According to Tenaris S.A. ADR [NYSE:TS], the company’s sales were 14.17B for trailing twelve months, which represents an -16.89% plunge. Gross Profit Margin for this corporation currently stands at 0.4% with Operating Profit Margin at 0.27%, Pretax Profit Margin comes in at 0.28%, and Net Profit Margin reading is 0.25%. To continue investigating profitability, this company’s Return on Assets is posted at 0.16, Equity is 0.21 and Total Capital is 0.2. 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 31.01 points at the first support level, and at 30.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 31.50, and for the 2nd resistance point, it is at 31.73.

Ratios To Look Out For

It is important to note that Tenaris S.A. ADR [NYSE:TS] has a current ratio of 3.52. Further, the Quick Ratio stands at 2.19, while the Cash Ratio is 0.45. Considering the valuation of this stock, the price to sales ratio is 1.27, the price to book ratio is 1.03 and price to earnings (TTM) ratio is 5.21.

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