Barclays maintains an “Overweight” rating for Tenaris S.A. (NYSE:TS), adjusting the price target from $50 to $48.
The company reported an increase in sales for the first quarter of 2025, driven by higher seasonal volumes in Canada.
Stock price currently at $33.66, showing a 0.67% increase, with a past year fluctuation between $40.87 and $27.24.
Tenaris S.A. (NYSE:TS) is a global manufacturer and supplier of steel pipes and related services, primarily for the energy industry. The company operates in various regions, including North America, South America, Europe, and the Middle East. It competes with other industry players like Vallourec and TMK. Recently, Barclays maintained its “Overweight” rating for Tenaris, with a slight adjustment in the price target from $50 to $48.
The financial results for the first quarter of 2025 show a positive trend for Tenaris. The company reported an increase in sales, largely due to higher seasonal volumes in Canada. This growth is a positive indicator when compared to the first quarter of 2024. The financial statements are prepared in U.S. dollars and follow the International Financial Reporting Standards (IFRS).
Tenaris’s stock is currently priced at $33.66, marking a 0.67% increase or $0.23 from its previous value. The stock has shown some volatility today, with a low of $33.51 and a high of $33.82. Over the past year, the stock has fluctuated between a high of $40.87 and a low of $27.24, reflecting the dynamic nature of the market.
The company’s market capitalization is approximately $18.34 billion, indicating its significant presence in the industry. The trading volume on the New York Stock Exchange is 289,552 shares, suggesting active investor interest. These figures highlight Tenaris’s strong market position and potential for future growth.
