KeyBanc Now Covering Tenneco (NYSE:TEN)

Tenneco Inc. (NYSE:TEN) Logo

Investors sentiment increased to 1.07 in 2018 Q3. Its up 0.18, from 0.89 in 2018Q2. It is positive, as 31 investors sold Tenneco Inc. shares while 69 reduced holdings. 38 funds opened positions while 69 raised stakes. 42.70 million shares or 4.56% less from 44.74 million shares in 2018Q2 were reported.

Balyasny Asset Mngmt Ltd has invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Prescott Grp Inc Management Ltd Liability Co owns 0.17% invested in Tenneco Inc. (NYSE:TEN) for 20,500 shares. Price T Rowe Assoc Md reported 17,645 shares. Walleye Trading Lc stated it has 0% in Tenneco Inc. (NYSE:TEN). Rmb Mngmt Lc invested in 22,005 shares. First Mercantile Communications invested in 2,425 shares. Valley Advisers holds 8 shares. Whittier Tru Company has 0.03% invested in Tenneco Inc. (NYSE:TEN) for 22,927 shares. Principal Fincl Grp Incorporated stated it has 6,961 shares. Element Capital Mgmt Llc reported 5,332 shares. Barrow Hanley Mewhinney & Strauss Ltd has invested 0.01% of its portfolio in Tenneco Inc. (NYSE:TEN). Prudential accumulated 730,671 shares. D E Shaw & Incorporated stated it has 0.02% in Tenneco Inc. (NYSE:TEN). United Cap Finance Advisers Lc has invested 0% in Tenneco Inc. (NYSE:TEN). Quantbot Ltd Partnership holds 0.03% in Tenneco Inc. (NYSE:TEN) or 10,987 shares.

How KeyBanc Currently Rates Tenneco (NYSE:TEN)

KeyBanc initiated coverage on Tenneco (NYSE:TEN) shares recently in analysts report issued on Tuesday, 11 December. The firm has decided to place a “Sector Weight” rating on TEN stock.

Tenneco Inc. (NYSE:TEN) Ratings Coverage

Among 2 analysts covering Tenneco (NYSE:TEN), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Tenneco has $41 highest and $30 lowest target. $35.50’s average target is 21.66% above currents $29.18 stock price. Tenneco had 3 analyst reports since August 13, 2018 according to SRatingsIntel. On Monday, October 29 the stock rating was maintained by Wells Fargo with “Market Perform”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Monday, August 13 report. On Wednesday, November 14 the stock rating was downgraded by Morgan Stanley to “Underweight”.

The stock decreased 0.07% or $0.02 during the last trading session, reaching $29.18. About 709,804 shares traded or 8.19% up from the average. Tenneco Inc. (NYSE:TEN) has declined 48.64% since December 12, 2017 and is downtrending. It has underperformed by 48.64% the S&P500.

Analysts await Tenneco Inc. (NYSE:TEN) to report earnings on February, 8. They expect $1.44 EPS, down 23.81 % or $0.45 from last year’s $1.89 per share. TEN’s profit will be $116.46M for 5.07 P/E if the $1.44 EPS becomes a reality. After $1.70 actual EPS reported by Tenneco Inc. for the previous quarter, Wall Street now forecasts -15.29 % negative EPS growth.

Tenneco Inc. designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide. The company has market cap of $2.36 billion. The firm offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide traps, hydrocarbon vaporizers and injectors, selective catalytic reduction (SCR)systems, SCR-coated diesel particulate filters (SDPF) systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and after treatment control units. It has a 6.51 P/E ratio. It also provides ride performance products and systems, such as shock absorbers; struts; vibration control components; kinetic suspension technology systems, dual-mode suspension solutions, semi-active and active suspension systems, and kinetic H2/CVSA continuously variable semi active suspension systems; and other ride performance products comprising load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies.

More notable recent Tenneco Inc. (NYSE:TEN) news were published by: Benzinga.com which released: “33 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga” on November 14, 2018, also Seekingalpha.com with their article: “Your Dogs Of The Dow Early December Update From The Dividend Dogcatcher – Seeking Alpha” published on December 07, 2018, Globenewswire.com published: “TEN Ltd. Reports Third Quarter and Nine Months 2018 Results – GlobeNewswire” on November 30, 2018. More interesting news about Tenneco Inc. (NYSE:TEN) were released by: Seekingalpha.com and their article: “Auto suppliers PTs cut at Morgan Stanley – Seeking Alpha” published on November 14, 2018 as well as Foxbusiness.com‘s news article titled: “Why Teva Pharmaceutical Industries, Tivity Health, and Marine Products Slumped Today – Fox Business” with publication date: December 11, 2018.

Tenneco Inc. (NYSE:TEN) Institutional Positions Chart

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