Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Industrial Goods sector lower today making it today's featured Industrial Goods laggard. The sector as a whole closed the day up 0.3%. By the end of trading, Tenaris fell $0.61 (-1.4%) to $41.39 on average volume. Throughout the day, 1,040,466 shares of Tenaris exchanged hands as compared to its average daily volume of 860,500 shares. The stock ranged in price between $41.14-$41.72 after having opened the day at $41.21 as compared to the previous trading day's close of $42.00. Other companies within the Industrial Goods sector that declined today were:
), down 13.9%,
), down 10.7%,
), down 8.9% and
), down 8.6%.
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Tenaris S.A., through its subsidiaries, engages in the steel pipe manufacturing and distribution activities. Tenaris has a market cap of $25.0 billion and is part of the industrial industry. The company has a P/E ratio of 14.7, below the S&P 500 P/E ratio of 17.7. Shares are down 3.9% year to date as of the close of trading on Tuesday. Currently there are 2 analysts that rate Tenaris a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, good cash flow from operations and expanding profit margins. We feel these strengths outweigh the fact that the company has had sub par growth in net income.
- You can view the full Tenaris Ratings Report.
On the positive front,
), up 50.8%,
), up 22.3%,
), up 12.8% and
), up 12.7% , were all gainers within the industrial goods sector with
) being today's featured industrial goods sector leader.
- Use our industrial goods section to find sector-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the industrial goods sector could consider
) while those bearish on the industrial goods sector could consider
- Find other investment ideas from our top rated ETFs lists.