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Here’s What Wall Street Is Forecasting for Tenaris

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Updated

Wall Street’s forecast for Tenaris

In this final part of the series, we’ll look at Wall Street analysts’ forecasts for Tenaris (TS) stock on March 7, 2018.

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Analysts’ ratings for Tenaris

About 42% of Wall Street analysts tracking Tenaris rate it a “buy” or some equivalent, and 47% rate it a “hold.” Of the sell-side analysts, 11% of them have recommended a “sell” or equivalent. Tenaris makes up 5.1% of the VanEck Vectors Oil Services ETF (OIH). OIH fell 20% in the past year compared to a 13% increase in TS stock for the same period.

By comparison, 73% of the sell-side analysts tracking Helix Energy Solutions Group (HLX) rated it a “buy” or some equivalent on March 7, 2018, and 18% rated it a “hold.”

Analysts’ rating changes for TS

From December 7, 2017, to March 7, 2018, the percentage of analysts recommending a “buy” or some equivalent for TS stock has increased from 39% to 42%. The “hold” recommendations have decreased. A year ago, ~38% of the sell-side analysts recommended a “buy” for TS stock.

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Analysts’ target prices for TS

Wall Street analysts’ mean target price for TS on March 7, 2018, was $35.54. TS is currently trading at $35.20, implying a ~1% upside from its current price. A month ago, analysts’ average target price for TS was $33.70.

Target prices for TS’s peers

The mean target price among sell-side analysts for FTS International (FTSI) was $29.33 on March 7, 2018. FTSI is currently trading at $19.61, implying almost a 50% return from its current price. The mean target price among sell-side analysts for NCS Multistage Holdings (NSCM) was $22.30 on March 7, 2018. NCSM is currently trading at $15.63, which implies a 43% upside to its current price.

For more information, be sure to read Market Realist’s How Schlumberger and Halliburton Stack Up after 4Q17 Results. Also read Market Realist’s Schlumberger and Halliburton: A Comparison after 4Q17.

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