Alert: Positive Investment/Fundamental Signals (11/2/23)-Tenaris SA (NYSE: TS)


Tenaris SA (NYSE: TS) has benefited from important positive changes in fundamentals: the stock’s power rating rose above 70, significant quarterly sales acceleration occurred, and significant quarterly earnings acceleration occurred.

Recent notable positive changes in investment behavior have benefitted Tenaris SA (NYSE: TS): the stock rose on very heavy volume.

In light of these very positive signals we are reviewing our current Overall Rating of A. We would continue to view the shares with optimism pending completion of this review in the next several days.


Current PriceTarget Research Rating

TS’ future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.

Tenaris SA, Luxembourg has a current Value Trend Rating of A (Highest Rating). This rating combines highly consistent signals from two proprietary PTR measures of a stock’s attractiveness. Tenaris SA, Luxembourg has a good Power Rating of 71 and a good Appreciation Score of 76, with the Highest Value Trend Rating the result.

Recent Price Action

Tenaris SA (NYSE: TS) stock enjoyed a very large increase of 8.7% on 11/2/23. The shares closed at $34.60. Relative to the market the stock has been strong over the last nine months and has risen 6.9% during the last week.

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