Kepler Capital Downgrades Tenaris SA (TS) to Hold


In a report issued on September 28, Kevin Roger from Kepler Capital downgraded Tenaris SA (TS) to Hold, with a price target of EUR5.50. The company’s shares closed last Tuesday at $9.72, close to its 52-week low of $9.10.

According to TipRanks.com, Roger is a 1-star analyst with an average return of -1.2% and a 35.2% success rate. Roger covers the Industrial Goods sector, focusing on stocks such as Shelf Drilling, Borr Drilling, and Kvaerner ASA.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenaris SA with a $13.27 average price target.

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The company has a one-year high of $23.54 and a one-year low of $9.10. Currently, Tenaris SA has an average volume of 1.69M.

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Tenaris SA manufactures and supplies steel pipe products. The company engages in the production and sale of both seamless and welded steel tubular products and related services mainly for the oil and gas industry. Its principal finished products are seamless and welded steel casing and tubing, line pipe and other mechanical and structural steel pipes for different uses. Tenaris was founded in 1909 and is headquartered in Luxembourg.

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