McLean Capital Management Upgrades Tenneco to Buy (TEN)
Tenneco (NYSE:TEN) was upgraded by research analysts at McLean Capital Management from a “neutral” rating to a “buy” rating in a report released on Friday, Stock Ratings News reports.
A number of other analysts have also recently weighed in on TEN. Analysts at JPMorgan Chase & Co. raised their price target on shares of Tenneco from $61.00 to $66.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Separately, 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 assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $53.20.
Tenneco (NYSE:TEN) traded down 0.52% during mid-day trading on Friday, hitting $53.12. The stock had a trading volume of 532,129 shares. Tenneco has a one year low of $26.72 and a one year high of $51.00. The stock’s 50-day moving average is $48.36 and its 200-day moving average is $43.30. The company has a market cap of $3.245 billion and a P/E ratio of 11.84.
Tenneco (NYSE:TEN) last announced its earnings results on Monday, July 29th. The company reported $1.10 earnings per share for the quarter, beating the analysts’ 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.
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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