Meaningful negative changes in fundamentals have recently occurred for Tenaris SA (NYSE: TS): significant quarterly sales deceleration occurred, the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
Tenaris SA (NYSE: TS) has recently experienced significant negative changes in investment behavior: negative upside/downside volume developed.
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
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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Tenaris SA, Luxembourg has a very high Appreciation Score of 86 but a slightly negative Power Rating of 34, leading to the High Neutral Value Trend Rating.
Recent Price Action
Tenaris SA (NYSE: TS) stock closed at $30.92 on 7/5/24 after a slight decline of -0.6%. However, trading volume in this decline was exceptionally low at 43% of normal. The stock has risen 2.0% during the last week but has been weak relative to the market over the last nine months.
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