Posted by admin on Jul 1st, 2022

Tenneco Inc. (NYSE:TEN – Get Rating) has received a consensus rating of “Hold” from the six research firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $20.00.

Several research analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Tenneco from $18.00 to $20.00 and gave the stock a “hold” rating in a research report on Wednesday, March 16th. JPMorgan Chase & Co. began coverage on Tenneco in a research report on Tuesday. They set an “overweight” rating and a $20.00 price target for the company. Finally, StockNews.com began coverage on Tenneco in a research report on Thursday, March 31st. They set a “hold” rating for the company.

TEN stock opened at $17.16 on Tuesday. The company has a debt-to-equity ratio of 13.94, a current ratio of 1.23 and a quick ratio of 0.81. The stock has a market capitalization of $1.43 billion, a P/E ratio of -20.67 and a beta of 1.96. The business has a 50-day moving average of $16.54 and a 200-day moving average of $15.14. Tenneco has a fifty-two week low of $9.51 and a fifty-two week high of $19.99.

Tenneco (NYSE:TEN – Get Rating) last posted its quarterly earnings data on Thursday, May 5th. The auto parts company reported ($0.11) earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.78). The firm had revenue of $4.65 billion for the quarter, compared to analyst estimates of $4.52 billion. Tenneco had a positive return on equity of 20.83% and a negative net margin of 0.38%. The firm’s quarterly revenue was down 1.7% on a year-over-year basis. During the same period in the prior year, the company earned $1.09 earnings per share. Equities analysts expect that Tenneco will post 3.01 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in TEN. Victory Capital Management Inc. increased its stake in shares of Tenneco by 3.0% during the fourth quarter. Victory Capital Management Inc. now owns 42,929 shares of the auto parts company’s stock worth $485,000 after purchasing an additional 1,258 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Tenneco by 4.8% during the first quarter. Commonwealth Equity Services LLC now owns 29,769 shares of the auto parts company’s stock worth $545,000 after purchasing an additional 1,365 shares during the period. First Trust Advisors LP increased its stake in shares of Tenneco by 9.0% during the fourth quarter. First Trust Advisors LP now owns 16,850 shares of the auto parts company’s stock worth $190,000 after purchasing an additional 1,389 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its stake in shares of Tenneco by 3.4% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 54,637 shares of the auto parts company’s stock worth $617,000 after purchasing an additional 1,816 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Tenneco by 134.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,687 shares of the auto parts company’s stock worth $42,000 after purchasing an additional 2,112 shares during the period. 65.90% of the stock is owned by institutional investors.

Tenneco Inc designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment offers shock and strut, steering and suspension, braking, sealing, emissions control, engine, and maintenance products under the Monroe, Champion, Öhlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, Sealed Power, and other brands.

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