Tenneco Stock Rating Reaffirmed by KeyCorp (TEN)
Tenneco (NYSE:TEN)‘s stock had its “buy” rating reaffirmed by analysts at KeyCorp in a research report issued to clients and investors on Monday. They currently have a $77.00 price target on the stock, up from their previous price target of $67.00. KeyCorp’s price target would indicate a potential upside of 14.96% from the company’s current price.
In other Tenneco news, SVP Brent J. Bauer sold 13,811 shares of the company’s stock on the open market in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $64.48, for a total value of $890,533.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other equities research analysts have also recently issued reports about the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Tenneco in a research note on Tuesday, April 29th. They now have a $62.00 price target on the stock. Separately, analysts at Barclays reiterated an “equal weight” rating on shares of Tenneco in a research note on Tuesday, April 29th. They now have a $61.00 price target on the stock. Finally, analysts at RBC Capital raised their price target on shares of Tenneco from $72.00 to $75.00 in a research note on Tuesday, April 29th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company’s stock. Tenneco currently has a consensus rating of “Hold” and a consensus price target of $63.67.
Tenneco (NYSE:TEN) traded up 0.60% on Monday, hitting $67.38. 127,365 shares of the company’s stock traded hands. Tenneco has a 1-year low of $41.88 and a 1-year high of $67.08. The stock has a 50-day moving average of $61.59 and a 200-day moving average of $58.45. The company has a market cap of $4.102 billion and a P/E ratio of 23.58.
Tenneco (NYSE:TEN) last announced its earnings results on Monday, April 28th. The company reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.06. The company had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.06 billion. During the same quarter in the previous year, the company posted $0.72 earnings per share. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. On average, analysts predict that Tenneco will post $4.42 earnings per share 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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