Stifel has revised its price target for Tenaris (TS, Financial), reducing it from $43 to $41, while maintaining a Buy rating on the stock. This adjustment comes as the firm re-evaluates its earnings models for the oilfield services and equipment sector in anticipation of the upcoming Q1 earnings season.
The decision to lower the target price reflects expectations of slightly reduced activity in the first quarter as compared to previous projections. Moreover, Stifel has adopted a more cautious stance regarding the near-term outlook for the sector, which has influenced this updated forecast.
Investors are advised to consider these developments as they prepare for Tenaris's forthcoming earnings report and the potential implications for the company's performance and stock value.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 10 analysts, the average target price for Tenaris SA (TS, Financial) is $43.65 with a high estimate of $50.00 and a low estimate of $35.00. The average target implies an upside of 36.53% from the current price of $31.97. More detailed estimate data can be found on the Tenaris SA (TS) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Tenaris SA's (TS, Financial) average brokerage recommendation is currently 2.2, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Tenaris SA (TS, Financial) in one year is $32.66, suggesting a upside of 2.16% from the current price of $31.97. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Tenaris SA (TS) Summary page.
