Tenneco (TEN) Receives Price Target

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.

Tenneco (TEN) : The consensus on Tenneco (TEN) based on 9 analyst recommendation on the company stock is 2.22, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 4 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 1 analyst believes that the stock is a Buy, which can produce decent returns in the future. 3 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst sees the stock overvalued at current levels and advises a Strong Sell on the stock.


Also, Equity Analysts at the Deutsche Bank maintains the rating on Tenneco (NYSE:TEN). The brokerage firm has issued a Hold rating on the shares. The Analysts at the ratings agency raises the price target from $67 per share to $70 per share. The rating by the firm was issued on August 1, 2016.

Tenneco (NYSE:TEN): The stock opened at $55.78 on Thursday but the bulls could not build on the opening and the stock topped out at $56.73 for the day. The stock traded down to $55.17 during the day, due to lack of any buying support eventually closed down at $55.51 with a loss of -0.57% for the day. The stock had closed at $55.83 on the previous day. The total traded volume was 399,382 shares.

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.

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