Morgan Stanley Keeps Their Sell Rating on Tenneco Automotive (TEN)

In a report released yesterday, Adam Jonas from Morgan Stanley maintained a Sell rating on Tenneco Automotive (TENResearch Report), with a price target of $5.00. The company’s shares closed last Tuesday at $8.59.

According to, Jonas is a 4-star analyst with an average return of 10.3% and a 53.9% success rate. Jonas covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and BorgWarner.

Tenneco Automotive has an analyst consensus of Hold, with a price target consensus of $8.00.

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Based on Tenneco Automotive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $4.26 billion and GAAP net loss of $499 million. In comparison, last year the company earned revenue of $4.32 billion and had a net profit of $70 million.

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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.