Recent extremely meaningful negative changes in investment behavior have impacted Tenaris SA (NYSE: TS): the stock’s recent price decline challenged its longer term uptrend, and its shorter term price trend turned down.
Tenaris SA (NYSE: TS) has recently experienced notable negative changes in fundamentals: 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 A. We would view the shares with caution pending completion of this review in the next several days.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, TS is expected to continue to be a modest Value Builder.
Tenaris SA, Luxembourg has a current Value Trend Rating of A (Highest Rating). This rating combines consistent signals from two proprietary PTR measures of a stock’s attractiveness. Tenaris SA, Luxembourg has a slightly positive Power Rating of 60 and a good Appreciation Score of 85, resulting in the Highest Value Trend Rating.
Recent Price Action
Tenaris SA (NYSE: TS) stock closed at $33.80 on 5/3/24 after a modest gain of 0.9%. Moreover, this advance was accompanied by unusually high trading volume at 150% of normal. The stock has declined -9.6% during the last week but has been strong relative to the market over the last nine months.
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