Selected Notes From Wall Street Analysts On Tenneco Inc. (TEN)

On Thursday, shares of Tenneco Inc. (NYSE:TEN) marked $12.59 per share versus a previous $20.14 closing price. With having a -37.49% loss, an insight into the fundamental values of Tenneco Inc., investors would also find a great ally in the technical patterns of the stock movements showed in stock charts. TEN showed a fall of -54.03% within its YTD performance, with highs and lows between $20.14 – $48.63 during the period of 52 weeks, compared to the simple moving average of -63.01% in the period of the last 200 days.

Morgan Stanley equity researchers changed the status of Tenneco Inc. (NYSE: TEN) shares from “Equal-Weight” to a “Underweight” rating in the report published on November 14th, 2018. Other analysts, including Wolfe Research, also published their reports on TEN shares. Wolfe Research repeated the rating from the previous report, marking TEN under “Peer Perform” rating, in the report published on October 2nd, 2018. Additionally, TEN shares got another “Equal-Weight” rating from Morgan Stanley. On the other hand, Guggenheim Initiated the “Buy” rating for TEN shares, as published in the report on June 21st, 2017. RBC Capital Mkts seems to be going bullish on the price of TEN shares, based on the price prediction for TEN, indicating that the shares will jump from $67 to $71, giving the shares “Sector Perform” rating based on their report from May 2nd, 2017. Another “Buy” rating came from Goldman, providing a prediction for $71 price target according to the report published in April 3rd, 2017.

Tenneco Inc. (TEN) Analysis

The present dividend yield for TEN owners is set at 0.08, marking the return investors will get regardless of the company’s performance in the upcoming period. In addition, the growth of sales from quarter to quarter is recording 79.00%, hinting the company’s progress in the upcoming progress.

In order to gain a clear insight on the performance of Tenneco Inc. (TEN) as it may occur in the future, there are more than several well-rounded types of analysis and research techniques, while equity is most certainly one of the more important indicators into the company’s growth and performance. In this case, you want to make sure that the return on the present equity of 5.60% is enough for you to make a profit out of your investment. You may also count in the quick ratio of the company, currently set at 0.90 so you would make sure that the company is able to cover the debts it may have, which can be easily seen in annual reports of the company.

Set to affect the volatility of a given stock, the average volume can also be a valuable indicator, while TEN is currently recording an average of 959.07K in volumes. The volatility of the stock on monthly basis is set at 5.54%, while the weekly volatility levels are marked at 10.20%with -39.67% of loss in the last seven days. Additionally, long-term investors are predicting the target price of $25.17, indicating growth from the present price of $12.59, which can represent yet another valuable research and analysis points that can help you decide whether to invest in TEN or pass.

What to Look for When Analyzing Tenneco Inc. Shares?

Tenneco Inc. (TEN) is based in the USA and it represents one of the well-known company operating with Consumer Goods sector. If you wish to compare TEN shares with other companies under Electronic Equipment and Consumer Goods, a factor to note is the P/E value of 6.43 for Tenneco Inc., while the value 2.05 can represent an indicator in the future growth of the company in terms of investor’s expectations. The later value should have a steady growth rate, increasing and growing gradually, which serves the purpose of reliably showcasing the progress of the company. The value 1.96 is supported by the yearly ESP growth of -79.70%.

Besides from looking into the fundamentals, you should also note the number of people inside the company owning the shares, as the values should be in line with the expectations of investors. In that spirit, the present ownership of stocks inside the company is set at 1.30%, which can provide you with an insight of how involved executives are in owning shares of the company. In oppose to the executives’ share, the institutional ownership counts 91.60% of shares, carrying an equal significance as an indicator of value, as the presence of large investors may signal a strong company.

Are Institutional Investors Increasing Stakes in TEN Shares?

It appears that more than several institutional investors and hedge funds decided to increase stakes in TEN in the recent period. That is how Icahn Associates Holding LLC now has an increase position in TEN by — in the first quarter, owning 5.65 million shares of TEN stocks, with the value of $123.87 million after the purchase of an additional 5,651,177 shares during the last quarter. In the meanwhile, The Vanguard Group, Inc. also increased their stake in TEN shares changed 8.90% in the first quarter, which means that the company now owns 4.91 million shares of company, all valued at $107.66 million after the acquisition of additional 401,307 shares during the last quarter.

Wellington Management Co. LLP acquired a new position in Tenneco Inc. during the first quarter, with the value of $89.56 million, and Fuller & Thaler Asset Management, increased their stake in the company’s shares by 30.52% in the first quarter, now owning 915,900 shares valued at $85.86 million after the acquisition of the additional 3.92 million shares during the last quarter. In the end, Norges Bank Investment Management increased their position by 2.74% during the first quarter, now owning 1.72 million TEN shares, now holding the value of $37.79 million in TEN with the purchase of the additional 212,826 shares during the period of the last quarter. At the present, 91.60% of TEN shares are in the ownership of institutional investors.

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