Tenneco Inc (NYSE:TEN) had its target price lifted by research analysts at Deutsche Bank from $60.00 to $61.00 in a research report issued on Monday, MarketBeat.com reports. The brokerage currently has a “hold” rating on the stock. Deutsche Bank’s price target points to a potential upside of 60.82% from the company’s previous close.

Tenneco (NYSE:TEN) traded down 4.073% during trading on Monday, hitting $36.385. 271,484 shares of the stock traded hands. The company has a 50-day moving average price of $44.64 and a 200 day moving average price of $48.67. The stock has a market cap of $2.10 billion and a PE ratio of 11.144. Tenneco has a one year low of $35.98 and a one year high of $61.73.

Tenneco (NYSE:TEN) last announced its quarterly earnings data on Friday, October 23rd. The company reported $1.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.18 by $0.04. During the same quarter in the previous year, the business posted $1.25 EPS. The company earned $2.03 billion during the quarter, compared to analyst estimates of $2.06 billion. The company’s revenue was down 2.7% on a year-over-year basis. Analysts expect that Tenneco will post $4.61 earnings per share for the current year.

An institutional investor recently raised its position in Tenneco stock. Quantitative Systematic Strategies increased its position in shares of Tenneco Inc (NYSE:TEN) by 45.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The hedge fund owned 13,136 shares of the company’s stock after buying an additional 4,093 shares during the period. Quantitative Systematic Strategies’ holdings in Tenneco were worth $612,000 as of its most recent SEC filing.

Several other brokerages also recently issued reports on TEN. RBC Capital raised their price objective on shares of Tenneco from $58.00 to $62.00 and gave the stock an “outperform” rating in a research note on Monday, October 26th. JPMorgan Chase & Co. raised their price objective on shares of Tenneco from $68.00 to $70.00 and gave the stock an “overweight” rating in a research note on Monday, October 26th. Goldman Sachs lowered their price objective on shares of Tenneco from $60.00 to $58.00 in a research note on Wednesday, October 14th. Barclays lowered their price objective on shares of Tenneco from $58.00 to $54.00 in a research note on Friday, October 16th. Finally, Susquehanna reduced their target price on Tenneco from $73.00 to $72.00 in a research report on Tuesday, October 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and three have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $61.25.

In other Tenneco news, SVP Joseph A. Pomaranski sold 8,080 shares of Tenneco stock in a transaction on Friday, December 11th. The stock was sold at an average price of $47.98, for a total transaction of $387,678.40. Following the completion of the transaction, the senior vice president now directly owns 4,607 shares of the company’s stock, valued at $221,043.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Tenneco Inc. (NYSE:TEN) 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 Company’s 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.

12 Month Chart for NYSE:TEN

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