Tenneco (NYSE:TEN) had its price target lifted by investment analysts at Deutsche Bank Aktiengesellschaft from $17.00 to $18.00 in a research note issued on Thursday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target indicates a potential upside of 38.78% from the company’s previous close.
Separately, Wells Fargo & Company cut their price target on Tenneco from $20.00 to $18.00 and set an “overweight” rating for the company in a research note on Tuesday, October 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $14.25.
TEN stock opened at $12.97 on Thursday. The company has a market capitalization of $1.07 billion, a P/E ratio of 4.52 and a beta of 2.46. Tenneco has a twelve month low of $9.51 and a twelve month high of $22.75. The business has a 50 day simple moving average of $11.68 and a 200-day simple moving average of $14.30. The company has a current ratio of 1.26, a quick ratio of 0.85 and a debt-to-equity ratio of 22.65.
A number of large investors have recently added to or reduced their stakes in the business. Zeke Capital Advisors LLC purchased a new position in Tenneco in the third quarter worth $158,000. UBS Asset Management Americas Inc. raised its position in Tenneco by 5.8% in the third quarter. UBS Asset Management Americas Inc. now owns 101,297 shares of the auto parts company’s stock worth $1,446,000 after acquiring an additional 5,517 shares in the last quarter. Moors & Cabot Inc. acquired a new stake in Tenneco in the third quarter valued at $26,000. Comerica Bank grew its holdings in Tenneco by 25.0% in the third quarter. Comerica Bank now owns 25,745 shares of the auto parts company’s stock valued at $360,000 after purchasing an additional 5,148 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC grew its holdings in Tenneco by 23.6% in the third quarter. Schonfeld Strategic Advisors LLC now owns 26,200 shares of the auto parts company’s stock valued at $374,000 after purchasing an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 70.02% of the company’s stock.
Tenneco, Inc engages in the design, manufacture, market and sale of innovative clean air, powertrain and ride performance products and systems. It operates through the following segments: Clean Air, Powertrain, Ride Performance, and Motorparts. The Clean Air segment offers products and systems designed to reduce pollution and optimize engine performance, acoustic tuning, and weight on a vehicle for light vehicle, commercial truck, and off-highway original equipment customers.
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