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Tenaris (TS) Stock Forecast, Price Target & Predictions

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TS Stock Forecast

Tenaris stock forecast is as follows: an average price target of $42.00 (represents a 13.18% upside from TS’s last price of $37.11) 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 $47.00 to $37.00. This represents a potential 13.18% upside from TS's last price of $37.11.

TS Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Dec 09, 2024Jamie FranklinJefferies$47.00$37.7724.44%26.65%
Nov 06, 2024Luke LemoinePiper Sandler$42.00$33.6224.93%13.18%
Aug 06, 2024Stephen GengaroStifel Nicolaus$37.00$27.7533.36%-0.30%
May 06, 2024Luke LemoinePiper Sandler$43.00$33.8027.22%15.87%
Jul 07, 2022Alan SpenceJefferies$46.00$22.89100.96%23.96%

The latest Tenaris stock forecast, released on Dec 09, 2024 by Jamie Franklin from Jefferies, set a price target of $47.00, which represents a 24.44% increase from the stock price at the time of the forecast ($37.77), and a 26.65% increase from TS last price ($37.11).

Tenaris Price Target by Period

1M3M12M
# Anlaysts124
Avg Price Target$47.00$44.50$42.25
Last Closing Price$37.11$37.11$37.11
Upside/Downside26.65%19.91%13.85%

In the current month, the average price target of Tenaris stock is $47.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 26.65% increase as opposed to Tenaris's last price of $37.11. This month's average price target is up 5.62% compared to last quarter, and up 11.24% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Nov 06, 2024Piper SandlerOverweightOverweightUpgrade
Oct 17, 2024Morgan StanleyUnderweightUnderweightHold
Sep 24, 2024SantanderNeutralUpgrade
May 06, 2024Piper SandlerOverweightOverweightHold
Apr 18, 2024Morgan StanleyOverweightUnderweightDowngrade
Jan 04, 2023Morgan StanleyOverweightOverweightHold
Jul 07, 2022JefferiesBuyUpgrade
Apr 29, 2022Piper SandlerOverweightOverweightHold
Apr 26, 2022BarclaysOverweightOverweightUpgrade
Apr 26, 2022Wolfe ResearchPeer PerformUpgrade
Feb 28, 2022BarclaysOverweightUpgrade
Feb 18, 2022Morgan StanleyOverweightOverweightHold

Tenaris's last stock rating was published by Piper Sandler on Nov 06, 2024. The company gave TS a "Overweight" rating, the same as its previous rate.

Tenaris Financial Forecast

Tenaris Revenue Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
Revenue-----------------------$4.14B$3.62B$2.97B$2.80B$2.37B$2.06B$1.75B
Avg Forecast$7.79B$7.35B$6.94B$6.55B$6.18B$5.83B$5.51B$5.20B$3.16B$3.16B$3.06B$3.08B$3.06B$3.01B$2.99B$2.91B$2.78B$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$8.20B$7.74B$7.30B$6.89B$6.51B$6.14B$5.80B$5.47B$3.32B$3.33B$3.22B$3.24B$3.22B$3.16B$3.14B$2.94B$2.92B$2.78B$3.28B$3.56B$3.15B$3.21B$3.93B$4.11B$3.75B$2.91B$2.68B$2.34B$2.00B$1.68B
Low Forecast$7.55B$7.13B$6.73B$6.35B$5.99B$5.66B$5.34B$5.04B$3.06B$3.07B$2.97B$2.98B$2.97B$2.92B$2.90B$2.89B$2.76B$2.74B$3.27B$3.28B$3.00B$3.21B$3.62B$3.79B$3.45B$2.91B$2.68B$2.34B$2.00B$1.68B
# Analysts111122221111111352225222133344
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 2 analysts is $3.73B, with a low forecast of $3.62B, and a high forecast of $3.93B. 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 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122221111111352225222133344
EBITDA-----------------------$1.57B$1.34B$939.54M$903.64M$723.71M$601.29M$543.16M
Avg Forecast$1.66B$1.57B$1.48B$1.40B$1.32B$1.24B$1.17B$1.11B$673.54M$674.82M$652.42M$656.05M$652.67M$641.08M$636.75M$621.65M$592.29M$588.77M$698.87M$720.78M$655.60M$684.36M$796.23M$833.42M$759.13M$759.20M$700.18M$610.45M$522.59M$438.47M
High Forecast$1.75B$1.65B$1.56B$1.47B$1.39B$1.31B$1.24B$1.17B$709.06M$710.41M$686.83M$690.65M$687.09M$674.90M$670.33M$628.03M$623.53M$592.93M$700.13M$758.79M$672.63M$684.72M$838.23M$877.38M$799.16M$759.20M$700.18M$610.45M$522.59M$438.47M
Low Forecast$1.61B$1.52B$1.44B$1.35B$1.28B$1.21B$1.14B$1.08B$653.27M$654.51M$632.79M$636.31M$633.03M$621.79M$617.59M$617.39M$587.91M$584.62M$697.62M$699.09M$640.70M$684.00M$772.27M$808.34M$736.28M$759.20M$700.18M$610.45M$522.59M$438.47M
Surprise %-----------------------1.89%1.76%1.24%1.29%1.19%1.15%1.24%

2 analysts predict TS's average Quarter EBITDA for Jun 23 to be $796.23M, with a high of $838.23M and a low of $772.27M. This is -49.42% lower than Tenaris's previous annual EBITDA (Mar 23) of $1.57B.

Tenaris Net Income Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122221111111352225222133344
Net Income-----------------------$1.13B$807.32M$606.47M$636.72M$502.77M$336.14M$329.87M
Avg Forecast$413.67M$416.28M$389.88M$396.72M$393.16M$395.99M$370.26M$375.54M$518.06M$521.95M$485.68M$477.40M$497.68M$458.12M$462.01M$445.15M$388.33M$365.22M$519.23M$580.68M$557.13M$675.37M$898.66M$918.21M$768.66M$570.14M$468.02M$347.62M$240.66M$195.59M
High Forecast$442.03M$444.83M$416.61M$423.91M$420.11M$423.14M$395.64M$401.29M$553.58M$557.74M$518.98M$510.13M$531.79M$489.53M$493.69M$522.09M$448.50M$367.18M$530.04M$580.78M$616.63M$721.67M$960.27M$981.17M$821.36M$570.14M$468.02M$347.62M$240.66M$195.59M
Low Forecast$397.49M$400.00M$374.63M$381.20M$377.78M$380.50M$355.77M$360.85M$497.79M$501.53M$466.68M$458.72M$478.20M$440.20M$443.94M$373.70M$322.70M$363.26M$508.43M$580.58M$481.41M$648.95M$863.50M$882.29M$738.59M$570.14M$468.02M$347.62M$240.66M$195.59M
Surprise %-----------------------1.23%1.05%1.06%1.36%1.45%1.40%1.69%

Tenaris's average Quarter net income forecast for Jun 23 is $898.66M, with a range of $863.50M to $960.27M. TS's average Quarter net income forecast represents a -20.38% decrease compared to the company's last Quarter net income of $1.13B (Mar 23).

Tenaris SG&A Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122221111111352225222133344
SG&A-----------------------$411.78M$454.48M$403.44M$411.74M$316.42M$338.05M$316.71M
Avg Forecast$1.14B$1.07B$1.01B$957.20M$903.44M$852.70M$804.81M$759.61M$461.59M$462.47M$447.12M$449.61M$447.29M$439.35M$436.38M$426.03M$405.91M$403.50M$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$1.20B$1.13B$1.07B$1.01B$951.08M$897.67M$847.25M$799.67M$485.94M$486.86M$470.70M$473.32M$470.88M$462.52M$459.39M$430.41M$427.32M$406.35M$479.81M$520.02M$460.97M$469.26M$574.46M$601.29M$547.68M$425.46M$392.38M$342.10M$292.86M$245.72M
Low Forecast$1.10B$1.04B$983.63M$928.39M$876.25M$827.04M$780.59M$736.75M$447.70M$448.55M$433.67M$436.08M$433.83M$426.13M$423.25M$423.11M$402.91M$400.65M$478.09M$479.10M$439.09M$468.76M$529.26M$553.98M$504.59M$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 2 Wall Street analysts, with a range of $529.26M to $574.46M. The forecast indicates a 32.52% rise compared to TS last annual SG&A of $411.78M (Mar 23).

Tenaris EPS Forecast

Dec 28Sep 28Jun 28Mar 28Dec 27Sep 27Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21
# Analysts111122221111111352225222133344
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$0.93$0.94$0.87$0.86$0.90$0.82$0.83$0.80$0.70$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$0.80$0.80$0.75$0.76$0.76$0.76$0.71$0.72$1.00$1.00$0.93$0.92$0.96$0.88$0.89$0.94$0.81$0.66$0.95$1.04$1.11$1.30$1.73$1.77$1.48$1.00$0.82$0.61$0.42$0.34
Low Forecast$0.72$0.72$0.67$0.69$0.68$0.68$0.64$0.65$0.90$0.90$0.84$0.83$0.86$0.79$0.80$0.67$0.58$0.65$0.91$1.04$0.87$1.17$1.55$1.59$1.33$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 2 Wall Street analysts, Tenaris's projected average Quarter EPS for Jun 23 is $1.62, with a low estimate of $1.55 and a high estimate of $1.73. This represents a -15.80% decrease compared to TS previous annual EPS of $1.92 (Mar 23).

Tenaris Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
WFRDWeatherford$71.62$142.0098.27%Buy
HALHalliburton Company$27.19$43.6360.46%Buy
SLBSchlumberger$38.93$60.4055.15%Buy
NOVNOV$14.56$22.0051.10%Buy
CHXChampionX$27.54$38.3339.18%Buy
DNOWNOW$13.80$18.0030.43%
RESRPC$5.93$7.0018.04%Hold
FTITechnipFMC$29.96$34.5015.15%Buy
TSTenaris$38.13$42.0010.15%Buy
BKRBaker Hughes Company$41.41$44.507.46%Buy
WHDCactus$61.48$54.00-12.17%Hold
RNGRRanger Energy Services$14.93$13.00-12.93%Hold
OIIOceaneering$25.29$21.00-16.96%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 $47, implying a 13.18% from its last price of $37.11. 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 13.18% (from the last price of $37.11 to the average price target of $42), up by 26.65% based on the highest stock price target, and down by -0.30% based on the lowest stock price target.

Can Tenaris stock reach $60?

TS's average twelve months analyst stock price target of $42 does not support the claim that Tenaris can reach $60 in the near future.

What is Tenaris's current price target trend?

1 Wall Street analyst forecast a $47 price target for Tenaris (TS) this month, up 26.65% from its last price of $37.11. Compared to the last 3 and 12 months, the average price target increased by 19.91% and increased by 13.85%, respectively.

What are Tenaris's analysts' financial forecasts?

Tenaris's analysts financial forecasts for the fiscal year (Dec 2027) are as follows: average revenue is $22.72B (high $23.92B, low $22.03B), average EBITDA is $4.85B (high $5.1B, low $4.7B), average net income is $1.53B (high $1.64B, low $1.47B), average SG&A $3.32B (high $3.5B, low $3.22B), and average EPS is $2.76 (high $2.95, low $2.65). TS's analysts financial forecasts for the fiscal year (Dec 2028) are as follows: average revenue is $28.63B (high $30.14B, low $27.77B), average EBITDA is $6.11B (high $6.43B, low $5.92B), average net income is $1.62B (high $1.73B, low $1.55B), average SG&A $4.18B (high $4.4B, low $4.06B), and average EPS is $2.91 (high $3.11, low $2.79).

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 $2.83B by 36.26%. The company's net income was $2.55B, beating the average estimation of $2.15B by 18.51%. 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 $833.42M by 88.88%. Tenaris's net income was $1.13B, beating the average estimation of $918.21M by 22.92%. 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%