A statement released earlier today by Jefferies Group about Tenneco Inc (NYSE:TEN) bumps the target price to $62.00
- Updated: November 30, 2016
Having a price of $58.84, Tenneco Inc (NYSE:TEN) traded -1.23% lower on the day. The last closing price is up 8.22% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. TEN has recorded a 50-day moving average of $55.57 and a 200-day moving average of $54.37. 639,247 shares of TEN traded hands, up from an average trading volume of 515,380
Jefferies Group raised the price target of Tenneco Inc (NYSE:TEN) to $62.00 reporting a potential upside of 0.05%.
On 2/11/2016, Barclays Capital released a statement about Tenneco Inc (NYSE:TEN) upped the target price from $50.00 to $55.00 that suggested an upside of 0.26%.
Recent Performance Chart
Tenneco Inc has 52 week low of $34.45 and a 52 week high of $60.89 with a PE ratio of 8.60 and has a market capitalization of $0.
In addition to Jefferies Group reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is $62.20 with 2 brokers rating the stock a strong buy, 7 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell.
Brief Synopsis On Tenneco Inc (NYSE:TEN)
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 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. Its various brands include Monroe, Rancho, Clevite Elastomers, Axios, Kinetic, Fric-Rot, Walker, XNOx, Fonos, DynoMax and Thrush clean air products. It designs, manufactures and distributes various products and systems designed to reduce pollution and optimize engine performance, acoustic tuning and weight, including catalytic converters and diesel oxidation catalysts; lean nitrogen oxide (NOx) traps; mufflers and resonators; fabricated exhaust manifolds; pipes; hydroformed assemblies; elastomeric hangers and isolators, and aftertreatment control units.
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