Tenneco Inc. Sets New 1-Year High at $51.00 (TEN)
Tenneco (NYSE:TEN) set a new 52-week high during trading hours on Wednesday, AnalystRatings.Net reports. The company traded as high as $51.00 and last traded at $50.59, with a volume of 381,292 shares. The stock had previously closed at $50.57.
Several analysts have recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Tenneco (NYSE:TEN) in a research note to investors on Friday, September 6th. They now have a $61.00 price target on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Tenneco (NYSE:TEN) from $52.00 to $53.00 in a research note to investors on Friday, September 6th. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Tenneco (NYSE:TEN) in a research note to investors on Wednesday, July 31st. They now have a $52.00 price target on the stock, up previously from $51.00.
Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $52.40.
Tenneco has a 52-week low of $26.72 and a 52-week high of $50.88. The stock has a 50-day moving average of $48.3 and a 200-day moving average of $43.10. The company has a market cap of $3.104 billion and a P/E ratio of 11.21.
Tenneco (NYSE:TEN) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.10 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.09 by $0.01. The company had revenue of $2.10 billion for the quarter, compared to the consensus estimate of $1.95 billion. During the same quarter in the prior year, the company posted $1.14 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. Analysts expect that Tenneco will post $3.56 EPS for the current fiscal year.
Tenneco Inc (NYSE:TEN) is a producer of emission control and ride control products and systems for light, commercial and specialty vehicle applications.
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