The Tenneco Inc. (NYSE:TEN) is going up by 1.97% in today’s trading session, a rise equivalent to 0.26% of the stock’s price from yesterday’s market close. A news came out on 09/05/19 stating that Champion(R) Reminds Consumers to Be Proactive about Vehicle Maintenance by WSJ. The lowest point that the shares touched during the trading session was $12.00, while the peak of the day was recorded at a share price of $13.27. TEN finished the previous session at $13.22 according to the data provided by Barchart, while the trading volume was observed to be $1,052,910.
In the 100 days of trading, TEN managed to top a 11.69% Moving average. Additionally, Tenneco Inc. shares have achieved a 52-week range between 7.62 and 47.22 alongside 100 days raw stochastic set at 41.82%.
The number of shares outstanding, according to the fundamentals of the company, is set at 54.74M, equal to the value of $723.66M in market capitalization. In the last 30 days, Tenneco Inc. shares went down by -1.62%, adding 13.54 to growth in value, on top of a +66.71% boost since 08/09/19.
Tenneco Inc. (NYSE:TEN) Analyst’s Estimates
Tenneco Inc. (TEN) could record at least $1.12 per share in quarterly earnings in the upcoming report, a number that would actually represent an increase of 25.58% YOY.
According to the average analyst rating, Tenneco Inc. would be rated as Overweight. Out of 8 different analysts monitoring TEN stock, 3 analysts rate the stock as a BUY, 5 suggest to give the rating of HOLD, 0 indicate that TEN is an OVERWEIGHT, 0 rated the stock as a SELL, and 0 analyst believes that the stock should be rated as UNDERWEIGHT.
On Aug-14-19, the stock earned a Upgrade rating due to a new analyst call from Morgan Stanley, while analysts from Morgan Stanley believe that the stock is set at Underweight from Equal-Weight, as concluded on Nov-14-18. Wolfe Research, is still rather wary about the stock, deciding to keep the rating at Peer Perform as confirmed through a call on Oct-02-18.
Goldman, on the other hand, provided a rather enthusiastic opinion on the rating, concluded in an analyst call on Apr-13-18, giving the stock a Neutral from the Buy rating.
TEN Key Ratios To Watch:
Taking in account the profitability of the Company, gross profit margin of +11.94% has been attained, while the operating margin has been recorded at +4.66%. The firm is also showcasing profitability through returns on assets in the company’s ownership, with ROA set at 0.61%. Beta value of the stock is recorded at 2.34. Additionally, Tenneco Inc. is recording price volatility of 10.95% for the period of the last seven days and 7.00% in the last 30 days.
Tenneco Inc. (NYSE:TEN) Technical Outlook
For the period of the last 50 days, Tenneco Inc. had its Raw Stochastic average set at 96.28% for the latest technical analysis. In comparison to the period of the last 20 days, the present Raw Stochastic average for the last 50 days poses as improvement, set at 96.04%. Stochastic %K for Tenneco Inc., with the last 20 days included, was set at 97.31%, having Stochastic %D topping 96.79%. Based on the previous performance of the company for the mentioned period, there are more than several recorded moving trends. When it comes to the period of the last 12 months, accounting the time for year-to-date, price performance appears to be discouraging for Tenneco Inc. stocks with recording -51.73% in metrics.
Tenneco Inc. Insider Watch:
As far as the position of shares issued by Tenneco Inc. (NYSE:TEN) for the period concluded at the market close of 09/10/19, 115 institutional investors increased their positions in TEN shares by 10,378,026, 120 decreased positions by 11,625,689 and 37 institutional investors decided to hold positions at 30,391,019. These numbers put the complete list of institutional holdings set at 52,394,734 shares, in accordance with filings submitted to the Securities and Exchange Commission. The stock had another 46 institutional investments with 1,810,655 new shares in addition to having 72 institutional investors selling their positions in 6,676,997 shares.