Tenaris SA (NYSE: TS) has recently experienced extremely meaningful negative changes in investment behavior: the stock’s recent price decline challenged its longer term uptrend, and negative upside/downside volume developed.
Important negative changes in fundamentals have recently occurred for Tenaris SA (NYSE: TS): the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of B. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
TS’ future returns on capital are forecasted to exceed the cost of capital. Accordingly, the company is expected to continue to be a modest Value Builder.
Tenaris SA, Luxembourg has a current Value Trend Rating of B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Tenaris SA, Luxembourg has a neutral Power Rating of 57 but a very high Appreciation Score of 85, leading to the Positive Value Trend Rating.
Recent Price Action
Tenaris SA (NYSE: TS) stock closed at $33.61 on 5/22/24 after a decline of -2.4%. NORMAL trading volume accompanied the decline. The stock has declined -4.3% during the last week but has been strong relative to the market over the last nine months.
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