Tenneco (TEN) Earning Somewhat Positive Press Coverage, Study Finds
Media coverage about Tenneco (NYSE:TEN) has been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tenneco earned a media sentiment score of 0.10 on Accern’s scale. Accern also gave headlines about the auto parts company an impact score of 45.0277298185926 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Here are some of the headlines that may have impacted Accern’s rankings:
- Royal Bank of Canada Reaffirms Hold Rating for Tenneco (TEN) (americanbankingnews.com)
- Zacks: Analysts Anticipate Tenneco Inc. (TEN) Will Announce Quarterly Sales of $2.29 Billion (americanbankingnews.com)
- TEN February 2018 Options Begin Trading (nasdaq.com)
- Finally Time To Raise Your Stake? Argus Upgrades Nike (NYSE:NKE) Shares (nismagazine.com)
- Insider Selling: Tenneco Inc. (TEN) Insider Sells 5,558 Shares of Stock (americanbankingnews.com)
Tenneco (NYSE:TEN) opened at $59.24 on Thursday. The company has a debt-to-equity ratio of 2.29, a quick ratio of 0.93 and a current ratio of 1.33. The company has a market capitalization of $2,995.75, a PE ratio of 8.58, a price-to-earnings-growth ratio of 0.69 and a beta of 1.92. Tenneco has a 52 week low of $51.54 and a 52 week high of $70.96.
The company also recently declared a quarterly dividend, which was paid on Wednesday, December 20th. Stockholders of record on Monday, December 4th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend was Friday, December 1st. Tenneco’s dividend payout ratio (DPR) is currently 30.21%.
Several brokerages have commented on TEN. Royal Bank of Canada reissued a “hold” rating and set a $64.00 target price on shares of Tenneco in a research note on Wednesday. Wells Fargo & Company lowered their target price on Tenneco from $68.00 to $64.00 and set a “market perform” rating for the company in a research note on Monday, October 30th. Finally, KeyCorp reissued a “buy” rating and set a $80.00 target price (up previously from $73.00) on shares of Tenneco in a research note on Monday, October 30th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $67.00.
In other news, VP John E. Kunz sold 6,368 shares of the business’s stock in a transaction dated Wednesday, September 27th. The stock was sold at an average price of $61.00, for a total transaction of $388,448.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Peng Guo sold 5,558 shares of the business’s stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $57.69, for a total value of $320,641.02. Following the sale, the insider now owns 87,957 shares in the company, valued at $5,074,239.33. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,426 shares of company stock worth $1,387,589. Company insiders own 2.70% of the company’s stock.
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Tenneco Company Profile
Tenneco Inc 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 designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.
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