News coverage about Tenneco (NYSE:TEN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Tenneco earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned media coverage about the auto parts company an impact score of 45.7912290669262 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
A number of research firms have issued reports on TEN. Guggenheim set a $70.00 price target on Tenneco and gave the company a “buy” rating in a research note on Monday, February 12th. Wells Fargo & Co cut their price target on Tenneco from $64.00 to $60.00 and set a “market perform” rating for the company in a research note on Monday, February 12th. Royal Bank of Canada reiterated a “hold” rating and set a $63.00 price target on shares of Tenneco in a research note on Friday, February 9th. ValuEngine downgraded Tenneco from a “buy” rating to a “hold” rating in a research note on Saturday, February 3rd. Finally, Barclays reiterated a “buy” rating and set a $74.00 price target on shares of Tenneco in a research note on Tuesday, January 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $67.00.
Tenneco (NYSE:TEN) opened at $55.22 on Tuesday. Tenneco has a 1 year low of $50.73 and a 1 year high of $67.93. The company has a debt-to-equity ratio of 1.83, a quick ratio of 0.85 and a current ratio of 1.24. The company has a market cap of $2,850.00, a P/E ratio of 9.76, a price-to-earnings-growth ratio of 0.60 and a beta of 1.91.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 22nd. Shareholders of record on Tuesday, March 6th will be given a dividend of $0.25 per share. The ex-dividend date is Monday, March 5th. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. Tenneco’s dividend payout ratio is currently 17.67%.
In other Tenneco news, insider Peng Guo sold 5,558 shares of Tenneco stock in a transaction that occurred on Wednesday, December 13th. The shares were sold at an average price of $57.69, for a total transaction of $320,641.02. Following the transaction, the insider now owns 87,957 shares of the company’s stock, valued at approximately $5,074,239.33. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.70% of the stock is owned by company insiders.
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 designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.
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