Barclays reaffirmed their buy rating on shares of Tenneco (NYSE:TEN) in a research note issued to investors on Tuesday. The firm currently has a $74.00 target price on the auto parts company’s stock.

Several other research analysts have also recently commented on TEN. Royal Bank of Canada restated a hold rating and issued a $64.00 target price on shares of Tenneco in a research report on Wednesday, December 20th. KeyCorp reaffirmed a buy rating and issued a $80.00 price target (up from $73.00) on shares of Tenneco in a research note on Monday, October 30th. They noted that the move was a valuation call. Finally, Wells Fargo & Co reduced their price target on shares of Tenneco from $68.00 to $64.00 and set a market perform rating for the company in a research note on Monday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the stock. Tenneco currently has an average rating of Hold and an average price target of $67.30.

Tenneco (NYSE TEN) traded up $0.79 during midday trading on Tuesday, reaching $64.69. 295,426 shares of the company’s stock traded hands, compared to its average volume of 314,946. Tenneco has a 1 year low of $51.54 and a 1 year high of $70.96. The company has a current ratio of 1.33, a quick ratio of 0.93 and a debt-to-equity ratio of 2.29. The company has a market cap of $3,297.02, a PE ratio of 9.44, a price-to-earnings-growth ratio of 0.69 and a beta of 1.92.

Tenneco (NYSE:TEN) last posted its earnings results on Friday, October 27th. The auto parts company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.59 by $0.08. Tenneco had a net margin of 1.97% and a return on equity of 54.13%. The firm had revenue of $2.27 billion during the quarter, compared to analysts’ expectations of $2.24 billion. During the same quarter in the prior year, the firm earned $1.53 EPS. Tenneco’s quarterly revenue was up 8.5% on a year-over-year basis. equities research analysts anticipate that Tenneco will post 6.72 earnings per share for the current year.

In other news, insider Peng Guo sold 5,558 shares of the company’s stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $57.69, for a total value of $320,641.02. Following the completion of the sale, the insider now directly owns 87,957 shares of the company’s stock, valued at approximately $5,074,239.33. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 2.70% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in TEN. State Board of Administration of Florida Retirement System lifted its stake in Tenneco by 8.0% during the second quarter. State Board of Administration of Florida Retirement System now owns 35,297 shares of the auto parts company’s stock valued at $2,041,000 after purchasing an additional 2,617 shares during the last quarter. LSV Asset Management lifted its stake in Tenneco by 20.5% during the second quarter. LSV Asset Management now owns 368,054 shares of the auto parts company’s stock valued at $21,284,000 after purchasing an additional 62,700 shares during the last quarter. Engineers Gate Manager LP lifted its stake in Tenneco by 413.8% during the second quarter. Engineers Gate Manager LP now owns 20,550 shares of the auto parts company’s stock valued at $1,188,000 after purchasing an additional 16,550 shares during the last quarter. Franklin Resources Inc. lifted its stake in Tenneco by 7.6% during the second quarter. Franklin Resources Inc. now owns 282,738 shares of the auto parts company’s stock valued at $16,351,000 after purchasing an additional 20,082 shares during the last quarter. Finally, AJO LP lifted its stake in Tenneco by 396.8% during the second quarter. AJO LP now owns 1,875,899 shares of the auto parts company’s stock valued at $108,483,000 after purchasing an additional 1,498,310 shares during the last quarter. 94.42% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Tenneco (NYSE:TEN)

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