Tenaris S.A. ADR [NYSE: TS] slipped around -0.23 points on Tuesday, while shares priced at $32.17 at the close of the session, down -0.71%. The company report on January 12, 2024 at 4:50 PM that Completion of First Tranche of Tenaris Share Buyback Program. Weekly Report (January 8 – January 12, 2024).
During the first tranche, which ran from November 6, 2023, to (and including) January 12, 2024, the Company purchased a total of 17,779,302 ordinary shares for a total consideration of €276,201,768, or US$300 million.
Compared to the average trading volume of 2.08M shares, TS reached a trading volume of 3852958 in the most recent trading day, which is why market watchdogs consider the stock to be active.
What do top market gurus say about Tenaris S.A. ADR [TS]?
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TS shares is $40.78 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TS stock is a recommendation set at 2.11. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
BofA Securities have made an estimate for Tenaris S.A. ADR shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on January 16, 2024.
The Average True Range (ATR) for Tenaris S.A. ADR is set at 0.68, with the Price to Sales ratio for TS stock in the period of the last 12 months amounting to 1.26. The Price to Book ratio for the last quarter was 1.17, with the Price to Cash per share for the same quarter was set at 5.69. Price to Free Cash Flow for TS in the course of the last twelve months was 5.23 with Quick ratio for the last quarter at 2.40.
How has TS stock performed recently?
Tenaris S.A. ADR [TS] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.85. With this latest performance, TS shares dropped by -8.06% in over the last four-week period, additionally sinking by -3.94% over the last 6 months – not to mention a drop of -9.12% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TS stock in for the last two-week period is set at 42.12, with the RSI for the last a single of trading hit 41.98, and the three-weeks RSI is set at 43.48 for Tenaris S.A. ADR [TS]. The present Moving Average for the last 50 days of trading for this stock 33.62, while it was recorded at 32.56 for the last single week of trading, and 31.45 for the last 200 days.
Tenaris S.A. ADR [TS]: Deeper insight into the fundamentals
Tenaris S.A. ADR’s liquidity data is similarly interesting compelling, with a Quick Ratio of 2.40 and a Current Ratio set at 3.94.
Earnings analysis for Tenaris S.A. ADR [TS]
With the latest financial reports released by the company, Tenaris S.A. ADR posted 1.36/share EPS, while the average EPS was predicted by analysts to be reported at 1.39/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -2.20%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TS. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tenaris S.A. ADR go to 1.00%.
Insider trade positions for Tenaris S.A. ADR [TS]
The top three institutional holders of TS stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2815%. BLACKROCK INC., holding 1.03 billion shares of the stock with an approximate value of $176.59 billion in TS stocks shares; and BERKSHIRE HATHAWAY INC, currently with $156.75 billion in TS stock with ownership which is approximately 5.8325%.
