Tenneco (TEN) : 4 brokerage houses believe that Tenneco (TEN) is a Strong Buy at current levels. 1 Analyst considers the fundamentals to be worthy of a Buy recommendation. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Tenneco (TEN). Zacks Investment Research suggests a Buy with a rank of 2. 1 others believe that the stock has run up ahead of its fundamentals and advise a Strong Sell on the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.22.
Tenneco (TEN) : The most positive equity analysts on Tenneco (TEN) expects the shares to touch $70, whereas, the least positive believes that the stock will trade at $41 in the short term. The company is covered by 11 Wall Street Brokerage Firms. The average price target for shares are $61.46 with an expected fluctuation of $8.55 from the mean.
Also, Major Brokerage house, Deutsche Bank maintains its ratings on Tenneco (NYSE:TEN). In the latest research report, Deutsche Bank raises the target price from $67 per share to $70 per share. According to the latest information available, the shares are now rated Hold by the analysts at the agency. The rating by the firm was issued on August 1, 2016.
Tenneco (NYSE:TEN): After opening at $55.99, the stock dipped to an intraday low of $55.97 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $57.67 and the buying power remained strong till the end. The stock closed at $57.37 for the day, a gain of 2.39% for the day session. The total traded volume was 507,497. The stocks close on the previous trading day was $56.03.
Tenneco Inc. (Tenneco) 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 serves both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world. The Company operates in six segments: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance. The Companys various brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. As a parts supplier, it produces individual component parts for vehicles, as well as groups of components that are combined as modules or systems within vehicles.