Tenaris (TS) Stock Forecast, Price Target & Predictions
TS Stock Forecast
Tenaris stock forecast is as follows: an average price target of $42.00 (represents a 27.16% upside from TS’s last price of $33.03) and a rating consensus of 'Buy', based on 5 wall street analysts offering a 1-year stock forecast.
TS Price Target
The average price target for Tenaris (TS) is $42.00 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $46.00 to $37.00. This represents a potential 27.16% upside from TS's last price of $33.03.
TS Analyst Ratings
According to 5 Wall Street analysts, Tenaris's rating consensus is 'Buy'. The analyst rating breakdown for TS stock is 0 'Strong Buy' (0.00%), 3 'Buy' (60.00%), 1 'Hold' (20.00%), 1 'Sell' (20.00%), and 0 'Strong Sell' (0.00%).
Tenaris Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 06, 2024 | Stephen Gengaro | Stifel Nicolaus | $37.00 | $27.75 | 33.36% | 12.02% |
| May 06, 2024 | Luke Lemoine | Piper Sandler | $43.00 | $33.80 | 27.22% | 30.18% |
| Jul 07, 2022 | Alan Spence | Jefferies | $46.00 | $22.89 | 100.96% | 39.27% |
The latest Tenaris stock forecast, released on Aug 06, 2024 by Stephen Gengaro from Stifel Nicolaus, set a price target of $37.00, which represents a 33.36% increase from the stock price at the time of the forecast ($27.75), and a 12.02% increase from TS last price ($33.03).
Tenaris Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 2 |
| Avg Price Target | - | $37.00 | $40.00 |
| Last Closing Price | $33.03 | $33.03 | $33.03 |
| Upside/Downside | -100.00% | 12.02% | 21.10% |
In the current month, the average price target of Tenaris stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Tenaris's last price of $33.03. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 17, 2024 | Morgan Stanley | Underweight | Underweight | Hold |
| Sep 24, 2024 | Santander | - | Neutral | Upgrade |
| May 06, 2024 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 18, 2024 | Morgan Stanley | Overweight | Underweight | Downgrade |
| Jan 04, 2023 | Morgan Stanley | Overweight | Overweight | Hold |
| Jul 07, 2022 | Jefferies | - | Buy | Upgrade |
| Apr 29, 2022 | Piper Sandler | Overweight | Overweight | Hold |
| Apr 26, 2022 | Barclays | Overweight | Overweight | Upgrade |
| Apr 26, 2022 | Wolfe Research | - | Peer Perform | Upgrade |
| Feb 28, 2022 | Barclays | - | Overweight | Upgrade |
Tenaris's last stock rating was published by Morgan Stanley on Oct 17, 2024. The company gave TS a "Underweight" rating, the same as its previous rate.
Tenaris Financial Forecast
Tenaris Revenue Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.14B | $3.62B | $2.97B | $2.80B | $2.37B | $2.06B | $1.75B |
| Avg Forecast | $9.40B | $8.87B | $8.38B | $7.91B | $7.46B | $7.04B | $6.65B | $6.27B | $3.17B | $3.16B | $3.05B | $3.06B | $3.00B | $2.98B | $2.91B | $2.92B | $2.94B | $2.76B | $3.28B | $3.38B | $3.07B | $3.21B | $3.73B | $3.91B | $3.56B | $2.91B | $2.68B | $2.34B | $2.00B | $1.68B |
| High Forecast | $9.40B | $8.87B | $8.38B | $7.91B | $7.46B | $7.04B | $6.65B | $6.27B | $3.17B | $3.16B | $3.05B | $3.06B | $3.00B | $2.98B | $2.91B | $2.92B | $2.94B | $2.85B | $3.28B | $3.38B | $3.15B | $3.21B | $3.73B | $3.91B | $3.56B | $2.91B | $2.68B | $2.34B | $2.00B | $1.68B |
| Low Forecast | $9.40B | $8.87B | $8.38B | $7.91B | $7.46B | $7.04B | $6.65B | $6.27B | $3.17B | $3.16B | $3.05B | $3.06B | $3.00B | $2.98B | $2.91B | $2.92B | $2.94B | $2.68B | $3.27B | $3.38B | $3.00B | $3.21B | $3.73B | $3.91B | $3.56B | $2.91B | $2.68B | $2.34B | $2.00B | $1.68B |
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.02% | 1.02% | 1.04% | 1.01% | 1.03% | 1.04% |
Tenaris's average Quarter revenue forecast for Jun 23 based on 4 analysts is $3.73B, with a low forecast of $3.73B, and a high forecast of $3.73B. TS's average Quarter revenue forecast represents a -9.85% decrease compared to the company's last Quarter revenue of $4.14B (Mar 23).
Tenaris EBITDA Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.57B | $1.34B | $939.54M | $903.64M | $723.71M | $601.29M | $543.16M |
| Avg Forecast | $2.45B | $2.31B | $2.18B | $2.06B | $1.95B | $1.84B | $1.73B | $1.64B | $825.51M | $824.20M | $795.77M | $798.38M | $781.43M | $776.99M | $759.26M | $761.87M | $767.69M | $719.28M | $854.66M | $881.45M | $801.75M | $836.92M | $973.73M | $1.02B | $928.35M | $759.20M | $700.18M | $610.45M | $522.59M | $438.47M |
| High Forecast | $2.45B | $2.31B | $2.18B | $2.06B | $1.95B | $1.84B | $1.73B | $1.64B | $825.51M | $824.20M | $795.77M | $798.38M | $781.43M | $776.99M | $759.26M | $761.87M | $767.69M | $742.91M | $856.20M | $881.45M | $822.57M | $837.36M | $973.73M | $1.02B | $928.35M | $759.20M | $700.18M | $610.45M | $522.59M | $438.47M |
| Low Forecast | $2.45B | $2.31B | $2.18B | $2.06B | $1.95B | $1.84B | $1.73B | $1.64B | $825.51M | $824.20M | $795.77M | $798.38M | $781.43M | $776.99M | $759.26M | $761.87M | $767.69M | $698.28M | $853.12M | $881.45M | $783.53M | $836.48M | $973.73M | $1.02B | $928.35M | $759.20M | $700.18M | $610.45M | $522.59M | $438.47M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.54% | 1.44% | 1.24% | 1.29% | 1.19% | 1.15% | 1.24% |
4 analysts predict TS's average Quarter EBITDA for Jun 23 to be $973.73M, with a high of $973.73M and a low of $973.73M. This is -38.14% lower than Tenaris's previous annual EBITDA (Mar 23) of $1.57B.
Tenaris Net Income Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.13B | $807.32M | $606.47M | $636.72M | $502.77M | $336.14M | $329.87M |
| Avg Forecast | $423.50M | $426.18M | $399.14M | $406.14M | $402.50M | $405.40M | $379.06M | $384.46M | $521.84M | $522.97M | $485.84M | $474.52M | $508.41M | $461.48M | $473.78M | $457.38M | $431.63M | $374.78M | $531.57M | $594.48M | $570.37M | $691.42M | $920.02M | $940.03M | $786.93M | $570.14M | $468.02M | $347.62M | $240.66M | $195.59M |
| High Forecast | $423.50M | $426.18M | $399.14M | $406.14M | $402.50M | $405.40M | $379.06M | $384.46M | $521.84M | $522.97M | $485.84M | $474.52M | $508.41M | $461.48M | $473.78M | $457.38M | $431.63M | $475.91M | $542.64M | $594.58M | $631.29M | $691.42M | $920.02M | $940.03M | $786.93M | $570.14M | $468.02M | $347.62M | $240.66M | $195.59M |
| Low Forecast | $423.50M | $426.18M | $399.14M | $406.14M | $402.50M | $405.40M | $379.06M | $384.46M | $521.84M | $522.97M | $485.84M | $474.52M | $508.41M | $461.48M | $473.78M | $457.38M | $431.63M | $232.01M | $520.51M | $594.38M | $492.85M | $691.42M | $920.02M | $940.03M | $786.93M | $570.14M | $468.02M | $347.62M | $240.66M | $195.59M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.20% | 1.03% | 1.06% | 1.36% | 1.45% | 1.40% | 1.69% |
Tenaris's average Quarter net income forecast for Jun 23 is $920.02M, with a range of $920.02M to $920.02M. TS's average Quarter net income forecast represents a -18.48% decrease compared to the company's last Quarter net income of $1.13B (Mar 23).
Tenaris SG&A Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $411.78M | $454.48M | $403.44M | $411.74M | $316.42M | $338.05M | $316.71M |
| Avg Forecast | $1.37B | $1.30B | $1.22B | $1.16B | $1.09B | $1.03B | $971.50M | $916.93M | $462.62M | $461.88M | $445.95M | $447.41M | $437.91M | $435.43M | $425.49M | $426.95M | $430.21M | $403.09M | $478.95M | $493.97M | $449.30M | $469.01M | $545.68M | $571.16M | $520.25M | $425.46M | $392.38M | $342.10M | $292.86M | $245.72M |
| High Forecast | $1.37B | $1.30B | $1.22B | $1.16B | $1.09B | $1.03B | $971.50M | $916.93M | $462.62M | $461.88M | $445.95M | $447.41M | $437.91M | $435.43M | $425.49M | $426.95M | $430.21M | $416.33M | $479.81M | $493.97M | $460.97M | $469.26M | $545.68M | $571.16M | $520.25M | $425.46M | $392.38M | $342.10M | $292.86M | $245.72M |
| Low Forecast | $1.37B | $1.30B | $1.22B | $1.16B | $1.09B | $1.03B | $971.50M | $916.93M | $462.62M | $461.88M | $445.95M | $447.41M | $437.91M | $435.43M | $425.49M | $426.95M | $430.21M | $391.32M | $478.09M | $493.97M | $439.09M | $468.76M | $545.68M | $571.16M | $520.25M | $425.46M | $392.38M | $342.10M | $292.86M | $245.72M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.72% | 0.87% | 0.95% | 1.05% | 0.92% | 1.15% | 1.29% |
Tenaris's average Quarter SG&A projection for Jun 23 is $545.68M, based on 4 Wall Street analysts, with a range of $545.68M to $545.68M. The forecast indicates a 32.52% rise compared to TS last annual SG&A of $411.78M (Mar 23).
Tenaris EPS Forecast
| Dec 28 | Sep 28 | Jun 28 | Mar 28 | Dec 27 | Sep 27 | Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 4 | 2 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.92 | $1.36 | $1.02 | $1.08 | $0.86 | $0.56 | $0.56 |
| Avg Forecast | $0.74 | $0.75 | $0.70 | $0.71 | $0.71 | $0.71 | $0.67 | $0.68 | $0.92 | $0.92 | $0.85 | $0.83 | $0.89 | $0.81 | $0.83 | $0.80 | $0.76 | $0.66 | $0.93 | $1.04 | $1.00 | $1.22 | $1.62 | $1.65 | $1.38 | $1.00 | $0.82 | $0.61 | $0.42 | $0.34 |
| High Forecast | $0.74 | $0.75 | $0.70 | $0.71 | $0.71 | $0.71 | $0.67 | $0.68 | $0.92 | $0.92 | $0.85 | $0.83 | $0.89 | $0.81 | $0.83 | $0.80 | $0.76 | $0.84 | $0.95 | $1.04 | $1.11 | $1.22 | $1.62 | $1.65 | $1.38 | $1.00 | $0.82 | $0.61 | $0.42 | $0.34 |
| Low Forecast | $0.74 | $0.75 | $0.70 | $0.71 | $0.71 | $0.71 | $0.67 | $0.68 | $0.92 | $0.92 | $0.85 | $0.83 | $0.89 | $0.81 | $0.83 | $0.80 | $0.76 | $0.41 | $0.91 | $1.04 | $0.87 | $1.22 | $1.62 | $1.65 | $1.38 | $1.00 | $0.82 | $0.61 | $0.42 | $0.34 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.16% | 0.98% | 1.02% | 1.31% | 1.41% | 1.32% | 1.63% |
According to 4 Wall Street analysts, Tenaris's projected average Quarter EPS for Jun 23 is $1.62, with a low estimate of $1.62 and a high estimate of $1.62. This represents a -15.80% decrease compared to TS previous annual EPS of $1.92 (Mar 23).
Tenaris Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| WFRD | Weatherford | $79.79 | $156.67 | 96.35% | Buy |
| RES | RPC | $5.68 | $10.00 | 76.06% | Hold |
| DNOW | NOW | $11.87 | $18.00 | 51.64% | - |
| SLB | Schlumberger | $40.32 | $58.58 | 45.29% | Buy |
| HAL | Halliburton Company | $28.13 | $39.07 | 38.89% | Buy |
| CHX | ChampionX | $28.43 | $38.33 | 34.82% | Buy |
| NOV | NOV | $15.39 | $20.67 | 34.31% | Buy |
| NEX | NexTier Oilfield Solutions | $10.61 | $13.50 | 27.24% | Hold |
| TS | Tenaris | $33.03 | $42.00 | 27.16% | Buy |
| BKR | Baker Hughes Company | $38.17 | $39.39 | 3.20% | Buy |
| FTI | TechnipFMC | $26.39 | $26.18 | -0.80% | Buy |
| RNGR | Ranger Energy Services | $13.76 | $12.50 | -9.16% | Hold |
| WHD | Cactus | $61.36 | $54.00 | -11.99% | Hold |
| OII | Oceaneering | $25.45 | $21.00 | -17.49% | Buy |
TS Forecast FAQ
Is Tenaris a good buy?
Yes, according to 5 Wall Street analysts, Tenaris (TS) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 3 'Buy' recommendations, accounting for 60.00% of TS's total ratings.
What is TS's price target?
Tenaris (TS) average price target is $42 with a range of $37 to $46, implying a 27.16% from its last price of $33.03. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Tenaris stock go up soon?
According to Wall Street analysts' prediction for TS stock, the company can go up by 27.16% (from the last price of $33.03 to the average price target of $42), up by 39.27% based on the highest stock price target, and up by 12.02% based on the lowest stock price target.
Can Tenaris stock reach $50?
TS's average twelve months analyst stock price target of $42 does not support the claim that Tenaris can reach $50 in the near future.
What are Tenaris's analysts' financial forecasts?
Tenaris's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $27.42B (high $27.42B, low $27.42B), average EBITDA is $7.15B (high $7.15B, low $7.15B), average net income is $1.57B (high $1.57B, low $1.57B), average SG&A $4.01B (high $4.01B, low $4.01B), and average EPS is $2.76 (high $2.76, low $2.76). TS's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $34.56B (high $34.56B, low $34.56B), average EBITDA is $9.01B (high $9.01B, low $9.01B), average net income is $1.65B (high $1.65B, low $1.65B), average SG&A $5.05B (high $5.05B, low $5.05B), and average EPS is $2.91 (high $2.91, low $2.91).
Did the TS's actual financial results beat the analysts' financial forecasts?
Based on Tenaris's last annual report (Dec 2022), the company's revenue was $11.76B, beating the average analysts forecast of $11.5B by 2.33%. Apple's EBITDA was $3.85B, beating the average prediction of $3B by 28.57%. The company's net income was $2.55B, beating the average estimation of $2.17B by 17.52%. Apple's SG&A was $1.4B, missing the average forecast of $1.68B by -16.92%. Lastly, the company's EPS was $4.32, beating the average prediction of $3.82 by 13.15%. In terms of the last quarterly report (Mar 2023), Tenaris's revenue was $4.14B, beating the average analysts' forecast of $3.91B by 5.98%. The company's EBITDA was $1.57B, beating the average prediction of $1.02B by 54.45%. Tenaris's net income was $1.13B, beating the average estimation of $940.03M by 20.06%. The company's SG&A was $411.78M, missing the average forecast of $571.16M by -27.91%. Lastly, the company's EPS was $1.92, beating the average prediction of $1.65 by 16.23%