Tenneco PT Raised to $59.00 at Deutsche Bank (TEN)
Investment analysts at Deutsche Bank boosted their price objective on shares of Tenneco (NYSE:TEN) from $56.00 to $59.00 in a note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has a “buy” rating on the stock. Deutsche Bank’s price objective suggests a potential upside of 8.28% from the stock’s previous close.
Tenneco (NYSE:TEN) traded down 0.61% during mid-day trading on Tuesday, hitting $54.16. 623,509 shares of the company’s stock traded hands. Tenneco has a 52-week low of $26.72 and a 52-week 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 $3.309 billion and a price-to-earnings ratio of 12.08.
Tenneco (NYSE:TEN) last released its earnings data on Monday, October 28th. The company reported $0.99 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.94 by $0.05. The company had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter in the previous year, the company posted $0.85 earnings per share. The company’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, analysts predict that Tenneco will post $3.58 earnings per share for the current fiscal year.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Tenneco in a research note to investors on Tuesday. They now have a $62.00 price target on the stock, up previously from $56.00. Separately, analysts at Zacks reiterated a “neutral” rating on shares of Tenneco in a research note to investors on Tuesday. They now have a $57.00 price target on the stock. Finally, analysts at Barclays raised their price target on shares of Tenneco from $51.00 to $54.00 in a research note to investors on Tuesday. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Tenneco currently has an average rating of “Buy” and an average target price of $54.80.
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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