Tenneco Price Target Increased to $72.00 by Analysts at RBC Capital (TEN)
Equities researchers at RBC Capital hoisted their price objective on shares of Tenneco (NYSE:TEN) from $67.00 to $72.00 in a research report issued on Friday, Analyst Ratings Net reports. The firm currently has an “outperform” rating on the stock. RBC Capital’s target price indicates a potential upside of 26.67% from the stock’s previous close.
A number of other analysts have also recently weighed in on TEN. Analysts at Zacks reiterated a “neutral” rating on shares of Tenneco in a research note to investors on Monday, January 13th. They now have a $59.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. raised their price target on shares of Tenneco from $59.00 to $60.00 in a research note to investors on Thursday, January 9th. They now have a “neutral” rating on the stock. Finally, analysts at Ned Davis Research downgraded shares of Tenneco from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 23rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $58.89.
Shares of Tenneco (NYSE:TEN) traded up 2.90% during mid-day trading on Friday, hitting $56.84. The stock had a trading volume of 1,752,006 shares. Tenneco has a 52 week low of $34.26 and a 52 week high of $57.85. The stock has a 50-day moving average of $55.80 and a 200-day moving average of $52.4. The company has a market cap of $3.458 billion and a price-to-earnings ratio of 20.96.
Tenneco (NYSE:TEN) last announced its earnings results on Thursday, January 30th. The company reported $0.96 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.83 by $0.13. The company had revenue of $2.03 billion for the quarter, compared to the consensus estimate of $1.94 billion. During the same quarter last year, the company posted $0.66 earnings per share. Analysts expect that Tenneco will post $4.15 EPS 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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