Tenneco (NYSE:TEN) received a $70.00 price objective from Guggenheim in a research note issued on Monday. The firm presently has a “buy” rating on the auto parts company’s stock. Guggenheim’s price target indicates a potential upside of 25.20% from the stock’s current price.

A number of other brokerages have also issued reports on TEN. Barclays reaffirmed a “buy” rating and set a $74.00 target price on shares of Tenneco in a research report on Tuesday, January 9th. Royal Bank of Canada reaffirmed a “hold” rating and set a $64.00 target price on shares of Tenneco in a research report on Wednesday, December 20th. Wells Fargo & Co dropped their target price on Tenneco from $68.00 to $64.00 and set a “market perform” rating on the stock in a research report on Monday, October 30th. KeyCorp reaffirmed a “buy” rating and set a $80.00 target price (up from $73.00) on shares of Tenneco in a research report on Monday, October 30th. They noted that the move was a valuation call. Finally, ValuEngine lowered Tenneco from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $67.00.

Tenneco (NYSE:TEN) opened at $55.91 on Monday. The company has a debt-to-equity ratio of 2.29, a current ratio of 1.33 and a quick ratio of 0.93. Tenneco has a 52-week low of $51.54 and a 52-week high of $67.93. The company has a market capitalization of $2,858.01, a PE ratio of 14.30, a price-to-earnings-growth ratio of 0.60 and a beta of 1.90.

Tenneco (NYSE:TEN) last announced its earnings results on Friday, February 9th. The auto parts company reported $1.89 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.64 by $0.25. Tenneco had a return on equity of 53.94% and a net margin of 2.22%. The business had revenue of $2.39 billion for the quarter, compared to analyst estimates of $2.30 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The company’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities research analysts anticipate that Tenneco will post 7.3 EPS for the current fiscal year.

In related news, insider Peng Guo sold 5,558 shares of Tenneco 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 completion of the transaction, the insider now directly owns 87,957 shares in the company, valued at $5,074,239.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.70% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the stock. Gofen & Glossberg LLC IL grew its stake in Tenneco by 0.5% in the second quarter. Gofen & Glossberg LLC IL now owns 7,125 shares of the auto parts company’s stock worth $412,000 after purchasing an additional 33 shares in the last quarter. Ameritas Investment Partners Inc. grew its stake in Tenneco by 4.3% in the second quarter. Ameritas Investment Partners Inc. now owns 4,688 shares of the auto parts company’s stock worth $271,000 after purchasing an additional 192 shares in the last quarter. GSA Capital Partners LLP grew its stake in Tenneco by 6.7% in the third quarter. GSA Capital Partners LLP now owns 14,914 shares of the auto parts company’s stock worth $905,000 after purchasing an additional 939 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Tenneco by 42.3% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,233 shares of the auto parts company’s stock worth $189,000 after purchasing an additional 961 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky grew its stake in Tenneco by 3.8% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 28,130 shares of the auto parts company’s stock worth $1,707,000 after purchasing an additional 1,037 shares in the last quarter. Institutional investors and hedge funds own 95.97% of the company’s stock.

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About Tenneco

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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