Tenneco Inc. [NYSE: TEN] gained 7.18% or 0.98 points to close at $14.62 with a heavy trading volume of 2664779 shares. The company report on May 6, 2021 that Tenneco Delivers Strong First Quarter 2021 Results.
Posts robust revenue growth and margin expansion; cash flow discipline continues.
Raising 2021 full-year outlook; initiating outlook for second quarter.
It opened the trading session at $13.90, the shares rose to $14.87 and dropped to $13.77, the range by which the price of stock traded the whole day. The daily chart for TEN points out that the company has recorded 49.80% gains over the past six months. However, it is still -189.5% lower than its most recent low trading price.
If we look at the average trading volume of 1.61M shares, TEN reached to a volume of 2664779 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying about Tenneco Inc. [TEN]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for TEN shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on TEN stock is a recommendation set at 2.70. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.
Jefferies have made an estimate for Tenneco Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on April 01, 2021. While these analysts kept the previous recommendation, Wells Fargo raised their target price to Overweight. The new note on the price target was released on March 26, 2021, representing the official price target for Tenneco Inc. stock. Previously, the target price had yet another raise to $5, while JP Morgan analysts kept a Neutral rating on TEN stock.
The Average True Range (ATR) for Tenneco Inc. is set at 0.67, with the Price to Sales ratio for TEN stock in the period of the last 12 months amounting to 0.07. Price to Free Cash Flow for TEN in the course of the last twelve months was 3.06 with Quick ratio for the last quarter at 0.80.
Trading performance analysis for TEN stock
Tenneco Inc. [TEN] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 5.94. With this latest performance, TEN shares gained by 38.71% in over the last four-week period, additionally plugging by 49.80% over the last 6 months – not to mention a rise of 172.76% in the past year of trading.
Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for TEN stock in for the last two-week period is set at 71.38, with the RSI for the last a single of trading hit 73.44, and the three-weeks RSI is set at 68.79 for Tenneco Inc. [TEN]. The present Moving Average for the last 50 days of trading for this stock 11.49, while it was recorded at 14.08 for the last single week of trading, and 10.05 for the last 200 days.
Tenneco Inc. [TEN]: A deeper dive into fundamental analysis
Operating Margin for any stock indicates how profitable investing would be, and Tenneco Inc. [TEN] shares currently have an operating margin of +1.25 and a Gross Margin at +8.81. Tenneco Inc.’s Net Margin is presently recorded at -9.89.
Return on Total Capital for TEN is now 2.83, given the latest momentum, and Return on Invested Capital for the company is -24.68. Return on Equity for this stock declined to -232.92, with Return on Assets sitting at -12.13. Additionally, TEN Total Debt to Total Capital is recorded at 102.14, with Total Debt to Total Assets ending up at 47.83.
Reflecting on the efficiency of the workforce at the company, Tenneco Inc. [TEN] managed to generate an average of -$20,836 per employee. Receivables Turnover for the company is 6.07 with a Total Asset Turnover recorded at a value of 1.23.Tenneco Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 1.20.
Tenneco Inc. [TEN]: An earnings per share (EPS) analysis
With the latest financial reports released by the company, Tenneco Inc. posted -2.15/share EPS, while the average EPS was predicted by analysts to be reported at -3.52/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 38.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for TEN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Tenneco Inc. go to 4.42%.
An analysis of insider ownership at Tenneco Inc. [TEN]
There are presently around $798 million, or 69.50% of TEN stock, in the hands of institutional investors. The top three institutional holders of TEN stocks are: ICAHN CARL C with ownership of 9,589,751, which is approximately 31.625% of the company’s market cap and around 0.90% of the total institutional ownership; VANGUARD GROUP INC, holding 5,369,347 shares of the stock with an approximate value of $78.5 million in TEN stocks shares; and BLACKROCK INC., currently with $60.84 million in TEN stock with ownership of nearly 12.661% of the company’s market capitalization.
Positions in Tenneco Inc. stocks held by institutional investors increased at the end of May and at the time of the May reporting period, where 114 institutional holders increased their position in Tenneco Inc. [NYSE:TEN] by around 14,883,183 shares. Additionally, 58 investors decreased positions by around 2,181,088 shares, while 28 investors held positions by with 37,528,122 shares. The mentioned changes placed institutional holdings at 54,592,393 shares, according to the latest SEC report filing. TEN stock had 36 new institutional investments in for a total of 2,346,771 shares, while 22 institutional investors sold positions of 1,386,987 shares during the same period.