Research Recommendations For Tenneco Inc. (TEN): Here is What You Should Know

Tenneco Inc. (NYSE:TEN) saw an upside of 5.12% to close Friday at $15.00 after adding $0.73 on the day. The 5-day average trading volume is 924,600 shares of the company’s common stock. It has gained $15.71 in the past week and touched a new high 2 times within the past 5 days. An average of 798,615 shares of the company has been traded in the last 20 days, and the 50-day average volume stands at 733,224.

TEN’s 1-month performance is 1.08% or $0.16 on its low of $12.88 reached on 09/20/21. The company’s shares have touched a 52-week low of $6.85 and high of $22.75, with the stock’s rally to the 52-week high happening on 06/17/21. YTD, TEN has achieved 41.51% or $4.40 and has reached a new high 14 times. However, the current price is down -34.07%% from the 52-week high price.

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Insider Transactions

On May 10, 145 days have gone by since the last insider trading activity for Tenneco Inc. (TEN). ICAHN CARL C (10% Owner) most recently sold 621,858 shares at $14.13 per share on May 10. This transaction cost the insider $8,786,854. 10% Owner, ICAHN CARL C, sold 1,300,000 shares at a price of $12.45 on May 07. Then, on May 06, 10% Owner ICAHN CARL C sold 801,996 shares at a price of $11.20 per share. This transaction amounted to $8,982,355.

Valuation Metrics

Tenneco Inc. (TEN) has a trailing price-to-earnings (P/E) ratio of 16.36 for the broader industry and 29.82 for the sector, meaning that investors are optimistic about the stock’s future prospects. The company’s PE ratio for the last five years has touched a high of 19.66 and a low of 5.804. TEN stock has a beta of 2.58. Moving on to other valuation ratios, the trailing price-to-sales (P/S) ratio is 0.07 while the price to cash flow ratio at 2.00.

Tenneco Inc.’s quick ratio for the period ended June 29 was 0.80, with the current ratio over the same period at 1.20 meaning that TEN stock is able to fulfill its debt obligations. In terms of profitability, the gross margin trailing 12 months is 14.40%The trailing 12-month EBITDA margin is 5.41% while for the period ending June 29; Tenneco Inc.’s operating margin was 3.80%. The firm’s gross profit as reported stood at $1.98 billion against revenue of $15.38 billion.

The effectiveness of a company’s management is also important for investors when it comes to determining the potential profitability of the investment. Tenneco Inc.’s return on assets over the past 12 months stands at -2.30%. Return on investment over the past year is -24.70%, while its return on equity (ROE) trailing 12 months is 168.40%.

Earnings Surprise

For the quarterly period ending June 29 this year, Net income and sales went down compared to those figures reported in the previous quarter. Net income grew 42.46% to $4.58 billion, while revenue of $4.73 billion was -3.23% off the previous quarter. Analysts expected TEN to announce $0.75 per share in earnings in its latest quarter, but it posted $0.84, representing a 12.00% surprise. EBITDA for the quarter stood at more than $241.0 million. TEN stock balance sheet for the quarter ending June 29 shows that total liabilities totaled 11.67 billion, with total debt at $5.21 billion. Shareholders hold equity totaling $81.97 million

Technical Picture

Let’s look briefly at Tenneco Inc. (TEN) price momentum from a technical analysis perspective. The 9-day relative strength index as at close on 01 October was 57.99% to suggest the stock is trending Neutral, with historical volatility in this time period at 49.38%.

The stock’s 5-day moving average is $14.84, reflecting a +5.56% or $0.79 change from its current price. TEN is currently trading +3.59% above its 20-day SMA, +8.46% above its 100-day SMA. However, the stock’s current price level is away from the SMA50 and SMA200 by -11.35% and +44.79% respectively.

Stochastic %K and %D was 63.13% and 70.95% and the average true range (ATR) pointed at 0.71. The RSI (14) points at 53.14%, while the 14-day stochastic is at 74.91% with the period’s ATR at 0.70. The stock’s 9-day MACD Oscillator is pointing at 0.24 and 0.56 on the 14-day charts.

Analyst Ratings

In the most recent analyst report for Tenneco Inc. (NYSE: TEN), Jefferies launched coverage with a Buy rating. Analysts offering their rating for TEN stock have a consensus rating for the stock as Overweight. Currently, 1 brokerage advisors rate TEN as a “sell,”, while 3 advise that investors “Hold.” 0 analysts have rated the stock as underweight. 0 rates the stock as overweight while 3 have offered a “buy” rating.

What is TEN’s price target for the next 12 months?

Analysts have a consensus price target ranging from a low of $8.00 and a high of $20.00, with their median price target at $17.00. Looking at these predictions, the average price target given by analysts is for Tenneco Inc. (TEN) stock is $16.33.


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