In a report released today, Paul Redman from Exane BNP Paribas initiated coverage with a Hold rating on Tenaris SA and a price target of $39.80. The company’s shares opened today at $34.69.
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Redman covers the Energy sector, focusing on stocks such as TechnipFMC, Tenaris SA, and Neste Corporation. According to TipRanks, Redman has an average return of -5.2% and a 37.50% success rate on recommended stocks.
Currently, the analyst consensus on Tenaris SA is a Moderate Buy with an average price target of $43.11.
Based on Tenaris SA’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $3.12 billion and a net profit of $538.02 million. In comparison, last year the company earned a revenue of $3.32 billion and had a net profit of $335.19 million
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- Tenaris downgraded to Neutral from Outperform at BNP Paribas Exane
- Tenaris Completes Share Buyback as Part of USD1.2 Billion Program
- Tenaris Completes First Tranche of Share Buyback Program
- Tenaris Shareholders Adjust Holdings Amid Buyback Program
- General Mills reports Q1 beat, Rithm to acquire Paramount Group: Morning Buzz
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