Analyst Rating Update on Tenneco (TEN)

Tenneco (NYSE:TEN) : 10 analysts are covering Tenneco (NYSE:TEN) and their average rating on the stock is 2.1, which is read as a Buy. 5 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Tenneco (NYSE:TEN) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

Tenneco (NYSE:TEN) : The highest short term price target forecast on Tenneco (NYSE:TEN) is $70 and the lowest target price is $41. A total of 12 equity analysts are currently covering the company. The average price of all the analysts is $61.75 with a standard deviation of $8.49.

For the current week, the company shares have a recommendation consensus of Buy. Also, Brokerage firm Goldman Sachs maintains its rating on Tenneco (NYSE:TEN). As per the latest information, the brokerage house raises the price target to $57 per share from a prior target of $46. The shares have been rated Neutral. The rating by the firm was issued on May 3, 2016.

Tenneco (NYSE:TEN): stock turned positive on Tuesday. Though the stock opened at $46.13, the bulls momentum made the stock top out at $46.26 level for the day. The stock recorded a low of $44.66 and closed the trading day at $45.4, in the green by 1.36%. The total traded volume for the day was 1,056,533. The stock had closed at $44.79 in the previous days trading.

In an insider trading activity,The director officer (Chairman & CEO) of Tenneco Inc, Sherrill Gregg M sold 51,609 shares at $54.22 on May 31, 2016. The Insider selling transaction had a total value worth of $2,798,240. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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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