Media headlines about Tenneco (NYSE:TEN) have trended somewhat positive on Friday, according to Accern. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Tenneco earned a media sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 44.7719977771714 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.
These are some of the news stories that may have effected Accern Sentiment Analysis’s analysis:
- Higher Risky stock is more profitable: Tenneco Inc. (TEN) (wallstreetinvestorplace.com)
- Is Selling Tenneco Inc. (TEN) Here a Winning Strategy? (nmsuherald.com)
- Unusual Volume Spotlight – Tenneco Inc. (TEN) (wallstreetmorning.com)
- Global Oxidizing Catalytic Converters Market 2018 – Faurecia, Tenneco, Eberspaecher, Futaba Industrial, Johnson … (anglophonetribune.com)
- Global Electric Vehicle Exhaust System Market 2018 Faurecia, Tenneco, Boysen, Sango (assessmentofmarkets.com)
A number of research analysts recently weighed in on the stock. Goldman Sachs cut shares of Tenneco from a “buy” rating to a “neutral” rating and set a $62.00 price objective for the company. in a report on Friday, April 13th. Deutsche Bank dropped their price objective on shares of Tenneco from $66.00 to $61.00 and set a “hold” rating for the company in a report on Wednesday, April 11th. Guggenheim set a $70.00 price objective on shares of Tenneco and gave the company a “buy” rating in a report on Monday, February 12th. Wells Fargo dropped their price objective on shares of Tenneco from $64.00 to $60.00 and set a “market perform” rating for the company in a report on Monday, February 12th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $63.00 price objective on shares of Tenneco in a report on Friday, February 9th. One research analyst has rated the stock with a sell rating, six have given a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $64.40.
Tenneco (NYSE:TEN) last issued its quarterly earnings results on Friday, February 9th. The auto parts company reported $1.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.25. Tenneco had a net margin of 2.22% and a return on equity of 52.86%. The company had revenue of $2.39 billion during the quarter, compared to the consensus estimate of $2.30 billion. During the same quarter in the previous year, the firm earned $1.67 earnings per share. The firm’s quarterly revenue was up 11.0% on a year-over-year basis. equities research analysts anticipate that Tenneco will post 7.56 EPS for the current fiscal year.
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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