Tenneco SVP Sells $1,039,800 in Stock (TEN)
Tenneco (NYSE:TEN) SVP Brent Bauer unloaded 20,000 shares of the company’s stock in a transaction dated Wednesday, October 2nd. The shares were sold at an average price of $51.99, for a total value of $1,039,800.00. Following the completion of the sale, the senior vice president now directly owns 8,560 shares in the company, valued at approximately $445,034. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of research firms have recently commented on TEN. Analysts at Deutsche Bank raised their price target on shares of Tenneco (NYSE:TEN) from $53.00 to $56.00 in a research note to investors on Friday, September 27th. They now have a “buy” rating on the stock. Separately, 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. One research analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $52.70.
Shares of Tenneco (NYSE:TEN) traded up 0.71% on Friday, hitting $52.21. 334,970 shares of the company’s stock traded hands. Tenneco has a 52 week low of $26.72 and a 52 week high of $52.93. The stock’s 50-day moving average is $49.09 and its 200-day moving average is $44.80. The company has a market cap of $3.190 billion and a P/E ratio of 11.49.
Tenneco (NYSE:TEN) last posted its quarterly earnings results 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.
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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