Shares of Tenneco Inc. (NYSE:TEN) have earned a consensus rating of “Hold” from the eleven research firms that are presently covering the firm. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.17.

A number of research firms have recently weighed in on TEN. Zacks Investment Research upgraded Tenneco from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Tuesday, September 13th. Deutsche Bank AG boosted their target price on Tenneco from $67.00 to $70.00 and gave the stock a “hold” rating in a research report on Monday, August 1st. Finally, Barclays PLC restated an “overweight” rating and set a $58.00 target price (down previously from $60.00) on shares of Tenneco in a research report on Tuesday, July 19th.

In other Tenneco news, VP John E. Kunz sold 4,322 shares of the stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $56.96, for a total value of $246,181.12. Following the completion of the sale, the vice president now directly owns 32,523 shares in the company, valued at $1,852,510.08. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director David B. Price, Jr. sold 30,000 shares of the stock in a transaction dated Thursday, August 18th. The stock was sold at an average price of $55.86, for a total value of $1,675,800.00. Following the completion of the sale, the director now owns 2,757 shares of the company’s stock, valued at $154,006.02. The disclosure for this sale can be found here. 4.30% of the stock is owned by company insiders.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/21/tenneco-inc-nyseten-receives-average-rating-of-hold-from-brokerages.html

Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased its stake in shares of Tenneco by 1,611.9% in the second quarter. Tower Research Capital LLC TRC now owns 3,595 shares of the company’s stock valued at $168,000 after buying an additional 3,385 shares during the period. New York State Teachers Retirement System acquired a new stake in shares of Tenneco during the second quarter valued at about $177,000. Pacer Advisors Inc. acquired a new stake in shares of Tenneco during the second quarter valued at about $201,000. Bancorpsouth Inc. acquired a new stake in shares of Tenneco during the first quarter valued at about $234,000. Finally, Jane Street Group LLC acquired a new stake in shares of Tenneco during the second quarter valued at about $213,000. Institutional investors own 91.99% of the company’s stock.

Tenneco (NYSE:TEN) traded up 0.90% during trading on Wednesday, hitting $56.98. The company had a trading volume of 135,738 shares. The firm has a 50-day moving average of $55.94 and a 200 day moving average of $52.22. The company has a market capitalization of $3.22 billion, a price-to-earnings ratio of 12.57 and a beta of 2.14. Tenneco has a 12-month low of $34.45 and a 12-month high of $58.46.

Tenneco (NYSE:TEN) last released its earnings results on Friday, July 29th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.61 by $0.17. The company earned $2.20 billion during the quarter, compared to the consensus estimate of $2.24 billion. Tenneco had a return on equity of 61.10% and a net margin of 3.13%. The firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.39 earnings per share. On average, equities research analysts forecast that Tenneco will post $5.91 earnings per share for the current year.

Tenneco Company Profile

Tenneco Inc (Tenneco) is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance.

5 Day Chart for NYSE:TEN

Receive News & Ratings for Tenneco Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Tenneco Inc. and related companies with MarketBeat.com's FREE daily email newsletter.