In a report issued on May 7, Emmanuel Rosner from Deutsche Bank maintained a Hold rating on Tenneco Automotive (TEN – Research Report), with a price target of $16.00. The company’s shares closed last Friday at $12.81, close to its 52-week high of $13.12.
According to TipRanks.com, Rosner is a 4-star analyst with an average return of 17.3% and a 57.0% success rate. Rosner covers the Industrial Goods sector, focusing on stocks such as Luminar Technologies, American Axle, and Dana Holding.
Currently, the analyst consensus on Tenneco Automotive is a Moderate Buy with an average price target of $14.00.
The company has a one-year high of $13.12 and a one-year low of $4.10. Currently, Tenneco Automotive has an average volume of 1.38M.
Based on the recent corporate insider activity of 70 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEN in relation to earlier this year.
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Tenneco, Inc. engages in the design, manufacture, and distribution of engineered products for both original equipment vehicle manufacturers and the repair and replacement markets. It operates through the following 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 brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot for ride control products; and Walker, Fonos, DynoMax, Thrush, and Lukey for emission control products. The company was founded on April 1, 1940 and is headquartered in Lake Forest, IL.