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Tenaris ADR Rep 2 Ord Shs T.TS.B


Primary Symbol: TS

Tenaris S.A. is a holding company, which is a steel producer with production facilities in Mexico, Argentina, Colombia, United States and Guatemala. The Company supplies round steel bars and flat steel products for its pipes business. It operates through Tubes business segment. The Tubes segment includes the production and sale of both seamless and welded steel tubular products, and related services primarily for the oil and gas industry, principally oil country tubular goods (OCTG) used in drilling operations, and for other industrial applications with production processes that include in the transformation of steel into tubular products. It operates in geographical areas, such as North America, South America, Europe, Middle East and Africa, and Asia Pacific. Its products and services include OCTG, Premium Connections, Rig Direct, Offshore Line Pipe, Onshore Line Pipe, Hydrocarbon Processing, Power Generation, Sucker Rods, Coiled Tubing, Industrial and Mechanical, and Automotive.


NYSE:TS - Post by User

Post by HermannHalleron Feb 26, 2020 9:08pm
133 Views
Post# 30738543

RBC $1 target

RBC $1 target

For what it's worth, RBC maintained their $1 target with a Sector Perform rating. I think it's the only firm with formal coverage still. They forecast $20 million in EBITDA in 2020 and a year end net cash position of $65 million. This is relative to today's market cap of $33 million.

Their valuation methods actually generate an average target value of $1.15. I guess he just rounds it off to $1. Sounds trivial, but 15c on a 41c stock is some massive rounding!
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