Tenneco Inc. (NYSE:TEN – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $17.87 and traded as high as $18.85. Tenneco shares last traded at $18.68, with a volume of 1,906,287 shares.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. began coverage on shares of Tenneco in a research note on Tuesday, June 28th. They set an “overweight” rating and a $20.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $20.00.
Tenneco Stock Performance
The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of -8.69 and a beta of 1.79. The stock’s fifty day moving average is $18.95 and its two-hundred day moving average is $17.88. The company has a quick ratio of 0.76, a current ratio of 1.18 and a debt-to-equity ratio of 176.21.
Hedge Funds Weigh In On Tenneco
Tenneco Company Profile
Tenneco Inc designs, manufactures, and sells clean air, and powertrain products and systems for light vehicle, commercial truck, off-highway, industrial, motorsport, and aftermarket customers worldwide. It operates through four segments: Motorparts, Performance Solutions, Clean Air, and Powertrain. The Motorparts segment offers shock and strut, steering and suspension, braking, sealing, emissions control, engine, and maintenance products under the Monroe, Champion, Öhlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, Sealed Power, and other brands.
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