Tenneco SVP Sells $99,320 in Stock (TEN)
Tenneco (NYSE:TEN) SVP Michael John Charlton sold 2,000 shares of the stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $49.66, for a total transaction of $99,320.00. Following the completion of the sale, the senior vice president now directly owns 8,633 shares in the company. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TEN shares. 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 equities 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 assigned a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $52.40.
Tenneco (NYSE:TEN) traded up 1.49% on Tuesday, hitting $50.28. The stock had a trading volume of 271,938 shares. Tenneco has a one year low of $26.72 and a one year high of $51.00. The stock has a 50-day moving average of $48.44 and a 200-day moving average of $43.56. The company has a market cap of $3.072 billion and a price-to-earnings ratio of 10.98.
Tenneco (NYSE:TEN) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.10 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts predict that Tenneco will post $3.56 earnings per share 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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