Tenneco Given Average Recommendation of “Hold” by Analysts (NYSE:TEN)
Shares of Tenneco (NYSE:TEN) have received an average recommendation of “Hold” from the eleven ratings firms that are presently covering the company, StockRatingsNetwork.com reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $66.00.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of Tenneco in a research note on Tuesday, July 29th. They now have a $67.00 price target on the stock, up previously from $66.00. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Tenneco from $73.00 to $75.00 in a research note on Tuesday, July 22nd. They now have an “overweight” rating on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Tenneco in a research note on Friday, July 18th. They now have a $69.00 price target on the stock.
Tenneco (NYSE:TEN) traded down 0.59% during mid-day trading on Thursday, hitting $63.51. The stock had a trading volume of 14,714 shares. Tenneco has a one year low of $45.30 and a one year high of $69.22. The stock’s 50-day moving average is $65.46 and its 200-day moving average is $62.45. The company has a market cap of $3.878 billion and a price-to-earnings ratio of 20.48.
Tenneco (NYSE:TEN) last announced its earnings results on Monday, July 28th. The company reported $1.45 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.26 by $0.19. The company had revenue of $2.24 billion for the quarter, compared to the consensus estimate of $2.21 billion. During the same quarter in the prior year, the company posted $1.10 earnings per share. The company’s quarterly revenue was up 8.4% on a year-over-year basis. Analysts expect that Tenneco will post $4.56 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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