News headlines about Tenneco (NYSE:TEN) have trended somewhat positive on Friday, Accern Sentiment reports. The research group rates the sentiment of media coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Tenneco earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news stories about the auto parts company an impact score of 45.2359767140101 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern’s rankings:
Shares of Tenneco (NYSE:TEN) opened at $63.91 on Friday. The company has a quick ratio of 0.93, a current ratio of 1.33 and a debt-to-equity ratio of 2.29. The stock has a market cap of $3,300.00, a P/E ratio of 19.85, a PEG 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.
Tenneco (NYSE:TEN) last posted its quarterly earnings results on Friday, October 27th. The auto parts company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.08. The business had revenue of $2.27 billion during the quarter, compared to analyst estimates of $2.24 billion. Tenneco had a net margin of 1.97% and a return on equity of 54.13%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.53 earnings per share. research analysts anticipate that Tenneco will post 6.72 EPS for the current fiscal year.
Several brokerages have commented on TEN. Barclays reiterated a “buy” rating and issued a $74.00 target price on shares of Tenneco in a report on Tuesday. Royal Bank of Canada reiterated a “hold” rating and issued a $64.00 target price on shares of Tenneco in a report on Wednesday, December 20th. Wells Fargo & Co decreased their target price on shares of Tenneco from $68.00 to $64.00 and set a “market perform” rating for the company in a report on Monday, October 30th. Finally, KeyCorp reiterated a “buy” rating and issued a $80.00 target price (up from $73.00) on shares of Tenneco in a report on Monday, October 30th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $67.30.
In other news, insider Peng Guo sold 5,558 shares of the 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 $5,074,239.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.70% of the stock is owned by corporate insiders.
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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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