Somewhat Favorable Media Coverage Somewhat Unlikely to Impact Tenneco (TEN) Stock Price
Press coverage about Tenneco (NYSE:TEN) has trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Tenneco earned a media sentiment score of 0.11 on Accern’s scale. Accern also assigned media headlines about the auto parts company an impact score of 47.044473905088 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media stories that may have impacted Accern’s analysis:
- Tenneco’s (TEN) “Hold” Rating Reiterated at Royal Bank of Canada (americanbankingnews.com)
- Form 4 TENNECO INC For: Feb 07 Filed by: STECKO PAUL T (streetinsider.com)
- US suppliers ‘better off under new tax law’ – Moody’s (just-auto.com)
- BRIEF-Tenneco Q4 Earnings Per Share $1.33 (wardsauto.com)
- Tenneco (TEN) Issues Earnings Results (americanbankingnews.com)
Several research analysts recently issued reports on the company. Royal Bank of Canada reaffirmed a “hold” rating and set a $63.00 target price on shares of Tenneco in a research report on Friday. ValuEngine lowered Tenneco from a “buy” rating to a “hold” rating in a research report on Saturday, February 3rd. Barclays reaffirmed a “buy” rating and set a $74.00 target price on shares of Tenneco in a research report on Tuesday, January 9th. Wells Fargo & Co lowered their target price on Tenneco from $68.00 to $64.00 and set a “market perform” rating for the company in a research report on Monday, October 30th. Finally, KeyCorp reaffirmed a “buy” rating and set a $80.00 target price (up from $73.00) on shares of Tenneco in a research report on Monday, October 30th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $67.20.
Tenneco (NYSE:TEN) last announced its earnings results on Friday, February 9th. The auto parts company reported $1.89 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.64 by $0.25. Tenneco had a return on equity of 54.13% and a net margin of 1.97%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.30 billion. During the same period last year, the company earned $1.67 EPS. Tenneco’s revenue for the quarter was up 11.0% compared to the same quarter last year. equities analysts anticipate that Tenneco will post 7.3 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 22nd. Stockholders of record on Tuesday, March 6th will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.81%. The ex-dividend date is Monday, March 5th. Tenneco’s dividend payout ratio (DPR) is presently 25.58%.
In other news, insider Peng Guo sold 5,558 shares of Tenneco stock in a transaction dated Wednesday, December 13th. The stock was sold at an average price of $57.69, for a total value of $320,641.02. Following the completion of the transaction, the insider now directly owns 87,957 shares of the company’s stock, valued at approximately $5,074,239.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.70% of the company’s stock.
Tenneco Inc is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The Company designs, manufactures and distributes highly engineered products for both original equipment vehicle manufacturers (OEMs) and the repair and replacement markets, or aftermarket, across the world.
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