The shares of Tenaris S.A. (NYSE:TS) has been pegged with a rating of Peer Perform by Wolfe Research in its latest research note that was published on October 10th, 2018. Wolfe Research wasn’t the only research firm that published a report of Tenaris S.A., with other equities research analysts also giving their opinion on the stock. BofA/Merrill advised investors in its research note published on September 25th, 2018, to Buy the TS stock. The stock had earned Buy rating from Jefferies when it published its report on August 23rd, 2018. The stock was given Neutral rating by Citigroup in its report released on August 17th, 2018. Cowen was of a view that TS is Market Perform in its latest report on May 8th, 2018 while giving it a price target of $38. CapitalOne thinks that TS is worth Overweight rating. This was contained in the firm’s report on April 27th, 2018.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 8 believe it has the potential for further growth, thus rating it as Hold while 5 advised investors to purchase the stock. The consensus currently stands at a Hold while its average price target is $40.17. The price of the stock the last time has raised by 1.75% from its Week high price while it is raised higher than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 32.69.
The shares of the company dipped by -3.18% during the trading session on Tuesday, reaching a low of $24.18 while ending the day at $24.38. During the trading session, a total of 3.02 million shares were traded which represents a -40.25% decline from the average session volume which is 2.15M shares. TS had ended its last session trading at 25.18. Tenaris S.A. currently has a market cap of $14.56B, while its P/E ratio stands at 17.76, while its P/E earnings growth sits at 2.04, with a beta of 0.68. Tenaris S.A. debt-to-equity ratio currently stands at 0.06, while its quick ratio hovers at 1.40. TS 52-week low price stands at $23.96 while its 52-week high price is $40.64.
The company in its last quarterly report recorded $0.42 earnings per share which is above the $0.34 predicted by most analysts. The Tenaris S.A. generated $1,898.89 million in revenue during the last quarter, which is slightly higher than the $1,830.84 million predicted by analysts. In the second quarter last year, the firm recorded $0.29 earnings per share. Compared to the same quarter last year, the firm’s revenue was up by 30.95%. Tenaris S.A. has the potential to record 1.37 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Needham published a research note on November 20th, 2018 where it informed investors and clients that Ciena Corporation (NYSE:CIEN) is now rated as Hold. BofA/Merrill also rated CIEN as Upgrade on September 25th, 2018, with its price target of $84 suggesting that CIEN could surge by 8.44% from its current share price. Even though the stock has been trading at $33.14/share, analysts expect it to surge higher by -5.10% to reach $34.35/share. It started the day trading at $33.31 and traded between $31.42 and $31.45 throughout the trading session.
A look at its technical shows that CIEN’s 50-day SMA is 31.31 while its 200-day SMA stands at 27.59. The stock has a high of $35.04 for the year while the low is $19.99. The company’s P/E ratio currently sits at 4.71, while the P/B ratio is 2.53. The company’s average trading volume currently stands at 2.98M shares, which means that the short-interest ratio is just 2.13 days. Over the past seven days, the company moved, with its shift of 0.19%. Looking further, the stock has raised 0.35% over the past 90 days while it gained 28.52% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. BlackRock Fund Advisors bought more CIEN shares, increasing its portfolio by +1.27% during the last quarter. This move now sees BlackRock Fund Advisors purchasing 187,938 shares in the last quarter, thus it now holds 14,996,501 shares of CIEN, with a total valuation of $468,790,621. The Vanguard Group Inc meanwhile bought more CIEN shares in the recently filed quarter, changing its stake to $400,654,950 worth of shares. BNY Mellon Asset Management North followed the path by decreasing its CIEN portfolio by -26.95% in the quarter. This means that BNY Mellon Asset Management North sold -2,153,974 shares in the last quarter and now controls 5,838,200 shares of the CIEN stock, with the valuation hitting $182,502,132.
Similarly, Shapiro Capital Management LLC decreased its Ciena Corporation shares by -17.59% during the recently filed quarter. After selling -1,007,504 shares in the last quarter, the firm now controls 4,719,396 shares of Ciena Corporation which are valued at $147,528,319. In the same vein, AllianceBernstein LP increased its Ciena Corporation shares by during the most recent reported quarter. The firm bought 1,568,877 shares during the quarter which increased its stakes to 4,588,525 shares and is now valued at $143,437,292. Following these latest developments, around 1.10% of Ciena Corporation stocks are owned by institutional investors and hedge funds.