Alert: Negative Fundamental Signals (4/30/21)-Tenaris SA (NYSE: TS)


Extremely significant negative changes in Tenaris SA (NYSE: TS) fundamentals have recently occurred: significant quarterly sales deceleration occurred, significant quarterly earnings deceleration occurred, the consensus estimate for December, 2022 decreased significantly, and the consensus estimate for December, 2021 decreased significantly.

In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.


Current PriceTarget Research Rating

Reflecting future returns on capital that are forecasted to fall short of the cost of capital, TS is expected to continue to be a modest Value Eraser.

TS has a current Value Trend Rating of C (High Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing contradictory signals. TS has a slightly negative Appreciation Score of 33 but a good Power Rating of 80, producing the High Neutral Value Trend Rating.

Recent Price Action

Tenaris SA (NYSE: TS) stock closed at $21.38 on 4/30/21 after an increase of 1.7%. Moreover, above average trading volume at 136% of normal accompanied the advance. The stock has risen 0.9% during the last week and has been exceptionally strong relative to the market over the last nine months.

About John Lafferty 97001 Articles
During his career, John has developed valuation and stock rating methodologies, managed institutional portfolios and mutual funds, and provided equity research to institutional investors on thousands of companies. He has been Director of Research at PTR since its inception in 2004.

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