Tenneco Given Consensus Recommendation of “Hold” by Analysts (NYSE:TEN)
Shares of Tenneco (NYSE:TEN) have earned an average recommendation of “Hold” from the eleven ratings firms that are presently covering the stock, American Banking and Market News reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $66.00.
Shares of Tenneco (NYSE:TEN) opened at 64.08 on Thursday. Tenneco has a 1-year low of $46.34 and a 1-year high of $69.22. The stock has a 50-day moving average of $65.26 and a 200-day moving average of $62.52. The company has a market cap of $3.913 billion and a P/E ratio of 20.48.
Tenneco (NYSE:TEN) last issued its quarterly earnings data on Monday, July 28th. The company reported $1.45 earnings per share for the quarter, beating the analysts’ 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 previous year, the company posted $1.10 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. On average, analysts predict that Tenneco will post $4.56 earnings per share for the current fiscal year.
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 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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