Tenneco (NYSE:TEN) had its price objective boosted by Deutsche Bank Aktiengesellschaft from $17.00 to $18.00 in a research note issued to investors on Thursday, The Fly reports.
Separately, Wells Fargo & Company reduced their price objective on Tenneco from $20.00 to $18.00 and set an overweight rating for the company in a report on Tuesday, October 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Tenneco presently has an average rating of Hold and an average target price of $14.25.
NYSE TEN traded down $0.47 during trading on Thursday, reaching $12.84. 6,975 shares of the company’s stock were exchanged, compared to its average volume of 848,979. The business has a 50 day moving average price of $11.66 and a 200-day moving average price of $14.31. The stock has a market capitalization of $1.05 billion, a P/E ratio of 4.64 and a beta of 2.46. The company has a debt-to-equity ratio of 22.65, a current ratio of 1.26 and a quick ratio of 0.85. Tenneco has a fifty-two week low of $9.51 and a fifty-two week high of $22.75.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TEN. FMR LLC lifted its stake in Tenneco by 26.5% during the first quarter. FMR LLC now owns 194,232 shares of the auto parts company’s stock worth $4,304,000 after purchasing an additional 40,678 shares during the last quarter. First Trust Advisors LP lifted its stake in Tenneco by 14.5% during the first quarter. First Trust Advisors LP now owns 47,908 shares of the auto parts company’s stock worth $1,062,000 after purchasing an additional 6,059 shares during the last quarter. Sei Investments Co. bought a new stake in Tenneco during the second quarter worth $851,000. Aigen Investment Management LP bought a new stake in Tenneco during the second quarter worth $252,000. Finally, Principal Financial Group Inc. bought a new stake in Tenneco during the second quarter worth $213,000. 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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