Tenneco Price Target Raised to $66.00 at JPMorgan Chase & Co. (TEN)
Research analysts at JPMorgan Chase & Co. upped their price objective on shares of Tenneco (NYSE:TEN) from $61.00 to $66.00 in a report released on Monday, American Banking News.com reports. The firm currently has an “overweight” rating on the stock. JPMorgan Chase & Co.’s price target points to a potential upside of 22.36% from the stock’s previous close.
Shares of Tenneco (NYSE:TEN) traded up 0.41% during mid-day trading on Monday, hitting $53.94. 312,628 shares of the company’s stock traded hands. Tenneco has a 1-year low of $26.72 and a 1-year high of $53.82. The stock’s 50-day moving average is $50.38 and its 200-day moving average is $45.65. The company has a market cap of $3.295 billion and a price-to-earnings ratio of 11.91.
Tenneco (NYSE:TEN) last announced its 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 last year, the company posted $1.14 earnings per share. Tenneco’s revenue was up 7.7% compared to the same quarter last year.
A number of other firms have also recently commented on TEN. Analysts at Deutsche Bank raised their price target on shares of Tenneco 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. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $53.20.
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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