Rating Summary: Is Tenneco (TEN) Worth Your Time? Jefferies Thinks So

November 30, 2016 - By Ruchi Gupta

Rating Summary: Is Tenneco (TEN) Worth Your Time? Jefferies Thinks So

Why Jefferies Gives Tenneco (TEN) $62.0 Price Target

EU: Tenneco (TEN) coverage was was started with a Hold rating and $62.0 price target at Jefferies. Jefferies’s target suggests upside of 5.37% from the company’s previous stock close.

About 23,865 shares traded hands. Tenneco Inc (TEN) has risen 7.25% since April 27, 2016 and is uptrending. It has outperformed by 2.03% the S&P500.

Analysts await Tenneco Inc (NYSE:TEN) to report earnings on February, 14. They expect $1.41 earnings per share, up 1.44% or $0.02 from last year’s $1.39 per share. TEN’s profit will be $76.77M for 10.58 P/E if the $1.41 EPS becomes a reality. After $1.53 actual earnings per share reported by Tenneco Inc for the previous quarter, Wall Street now forecasts -7.84% negative EPS growth.

Insitutional Activity: The institutional sentiment increased to 0.91 in Q2 2016. Its up 0.08, from 0.83 in 2016Q1. The ratio improved, as 29 funds sold all Tenneco Inc shares owned while 102 reduced positions. 36 funds bought stakes while 73 increased positions. They now own 51.36 million shares or 3.63% less from 53.30 million shares in 2016Q1.

Peak6 Invs Limited Partnership holds 5,835 shares or 0% of its portfolio. The Maryland-based Calvert Investment Mngmt has invested 0.18% in Tenneco Inc (NYSE:TEN). Scout Invs holds 0.4% or 311,804 shares in its portfolio. Keybank National Association Oh last reported 0% of its portfolio in the stock. Gamco Inc Et Al holds 692,668 shares or 0.21% of its portfolio. Deere has 23,933 shares for 0.06% of their US portfolio. Fuller & Thaler Asset Management last reported 1,000 shares in the company. Ajo Ltd Partnership has invested 0.04% of its portfolio in Tenneco Inc (NYSE:TEN). Aqr Capital Lc has 57,401 shares for 0% of their US portfolio. Thrivent Finance For Lutherans reported 62,076 shares or 0.01% of all its holdings. Bnp Paribas Invest holds 0.07% or 180,836 shares in its portfolio. Herndon Cap Management Llc, a Georgia-based fund reported 797 shares. Valley Advisers Inc has invested 0% of its portfolio in Tenneco Inc (NYSE:TEN). Bluemountain Cap Management Lc has 19,960 shares for 0.02% of their US portfolio. Bancorpsouth, a Mississippi-based fund reported 4,379 shares.

Insider Transactions: Since May 31, 2016, the stock had 0 insider purchases, and 7 insider sales for $5.30 million net activity. Sherrill Gregg M sold $2.77M worth of stock. $1.68M worth of Tenneco Inc (NYSE:TEN) was sold by PRICE DAVID B JR. JACKSON TIMOTHY E also sold $1.99 million worth of Tenneco Inc (NYSE:TEN) shares. $650,770 worth of shares were sold by Fornos Josep on Wednesday, October 5. 4,000 shares were sold by Kunz John E, worth $225,240. Harrington James D. sold $332,623 worth of stock. 3,186 shares were sold by Guo Peng, worth $178,848 on Wednesday, September 14.

Tenneco Inc. 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 has a market cap of $3.25 billion. The Firm operates in six divisions: 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. It has a 8.69 P/E ratio. The Company’s various brands include Monroe, Rancho, Clevite Elastomers, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products.

According to Zacks Investment Research, “Tenneco is one of the world’s largest designers, manufacturers and marketers of emission control and ride control products and systems for the automotive original equipment market and the aftermarket. Tenneco markets its products principally under the Monroe, Walker, Gillet and CleviteElastomer brand names. Among its products are Sensa-Trac and Monroe Reflex shocks and struts, Rancho shock absorbers, Walker Quiet-Flow mufflers, Dynomax performance exhaust products, and Clevite®Elastomer noise, vibration and harshness control components.”

TEN Company Profile

Tenneco Inc. (Tenneco), incorporated on August 26, 1996, is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Firm serves both original equipment vehicle manufacturers (OEMs), and the repair and replacement markets or aftermarket across the world. The Firm operates in six divisions: 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, Axios, Kinetic, 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. It offers modules and systems to OEMs, commercial truck and off-highway engine manufacturers, and aftermarket distribution channels.

Another recent and important Tenneco Inc (NYSE:TEN) news was published by Valuewalk.com which published an article titled: “ROIC Model Portfolio: Tenneco Inc. (TEN) Good Management Too” on October 21, 2016.

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