Tenneco stock: buy or sell?

TEN stock price: $9.62 -1.54% At close on July 16th, 2019

Updated on:
July 16th, 2019

1

Tenneco closed today at $9.62 and declined an awful -1.54%. On Friday TEN boosted a super good 9.47%. On Thursday TEN plummed a scary -7.93%.

Tenneco Inc. designs, manufactures, and distributes clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide.

Should I buy Tenneco stock?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.

Currently, Tenneco stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Tenneco stock a buy?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we detected 5 ratings published for TEN stock in the last month.

Is TEN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-6-26Morgan Stanleyn/aSell
2019-5-10UBS Groupn/aBuy
2019-4-16Morgan StanleyUnderweightUnderweight
2019-4-1UBS GroupBuyBuy
2019-3-15Royal Bank of Canadan/aSector Perform

Tenneco stock analysis

Daily outlook

Tenneco shares declined -1.54% to $9.62 today.

Tenneco shares declined -1.54% to $9.62 today. Since March when TEN stock price broke down the SMA100d line, it slid $-23.57 per share (-71.02%).

TEN stock chart (daily)

Weekly outlook

After sliding a dreadful -7.91% in a week last week, Tenneco closed this week at $9.62 and stayed steady a neutral 0.10%. By mid June TEN climbed an extraordinary 6.60% in just one week.

Since mid March, when TEN stock price broke down the 20-weeks moving avarage line, it slid $-22.82 per share (-70.35%).

TEN stock chart (weekly)

Tenneco stock price history

Tenneco IPO was on March 17th, 1980 at $12.63 per share1. Since then, TEN stock declined a -23.80%, with a yearly average of -0.60%.

1: Adjusted price after possible price splits or reverse-splits.

Tenneco stock historical price chart

TEN stock reached 52-week highs on July at $46.97, and all-time highs 2017-02-07 with a price of 67.66.

Tenneco stock price target is $20.20

Nobody can reliably foresee how stock prices may evolve in the future. However, financial institutions invest time and resources to provide the most accurated estimations to help investors to make their decisions. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. We found 5 price forecasts for TEN stock released in the last 30 days:
TEN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-6-26Morgan StanleySet Price Targetn/a$9.00-
2019-5-10UBS GroupLowers Target$28.00$16.00-42.9%
2019-4-16Morgan StanleyLowers Target$30.00$17.00-43.3%
2019-4-1UBS GroupLowers Target$39.00$28.00-28.2%
2019-3-15Royal Bank of CanadaLowers Targetn/a$31.00-
(in average)$32.30$20.20-37.0%
The price forecast for Tenneco stock is $20.20, moving in a range between $31.00 and $9.00. In average, analysts' outlook on TEN price target is negative, downsizing the target by a -37.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Tenneco let down analysts on March when it posted an Earnings per Share (EPS) of $1.30 when the analysts' forecast was $1.43.
TEN earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a1.3n/a
2017-Q2-n/a0.16n/a
2017-Q32017-10-271.591.675.0%
2017-Q42018-02-091.641.8915.2%
2018-Q12018-04-271.691.58-6.5%
2018-Q22018-07-2721.92-4.0%
2018-Q32018-10-261.51.713.3%
2018-Q42019-03-141.431.3-9.1%
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual turnover report draw an astounding increase of 26.84% to $11,763.00 M dollars. In contrary, its income margin (compared to sales) slightly fell to 0.47%, that is $55.00 million.

TEN annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$7,960 M-$183 M2.3%-
2014$8,420 M5.78%$226 M2.7%23.50%
2015$8,209 M-2.51%$247 M3.0%9.29%
2016$8,599 M4.75%$363 M4.2%46.96%
2017$9,274 M7.85%$198 M2.1%-45.45%
2018$11,763 M26.84%$55 M0.5%-72.22%

Quarterly financial results

Tenneco reported $4,280.00 million in revenues for 2018-Q4, a 80.44% improvement compared to previous quarter. Reported quarter income marked $-107.00 million with a profit margin of -2.50%. Profit margin depreciated a -4.78% compared to previous quarter when profit margin was 2.28%. When comparing turnover to same quarter last year, Tenneco sales marked a dazzling growth and skyrocketed a 79.00%.
TEN quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$2,290 M-$59 M2.6%-
2017-Q2$2,320 M1.31%$-3 M-0.1%-105.08%
2017-Q3$2,270 M-2.16%$83 M3.7%-2,866.67%
2017-Q4$2,391 M5.33%$68 M2.8%-18.07%
2018-Q1$2,574 M7.65%$58 M2.3%-14.71%
2018-Q2$2,537 M-1.44%$50 M2.0%-13.79%
2018-Q3$2,372 M-6.50%$54 M2.3%8.00%
2018-Q4$4,280 M80.44%$-107 M-2.5%-298.15%

Tenneco ownership

When you are planning to invest in shares of a company, it's worth to review its ownership structure.

Tenneco shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 64.17% of all shares.

In case of Tenneco stock, 16.55% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for TEN stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

TENAXLBWACMIDAN
Market cap$549.5 M$1.3 B$8.4 B$27.1 B$2.7 B
Total shares57.1 M112.5 M207.6 M157.5 M143.9 M
Float shares50.4 M110.9 M205.6 M156.7 M142.9 M
  - Institutional holdings (%)16.6%110.6%94.3%84.5%0.0%
  - Insider holdings (%)64.2%1.4%0.6%0.3%7.0%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Tenneco summary

Tuesday, July 16th, 2019
Open$9.42
Close$9.62
Day range$9.33 - $9.99
Previous close$9.77
Session gain-1.54%
Average true range$0.65
50d mov avg$11.38
100d mov avg$19.08
200d mov avg$26.09
Daily patternlt06c
Weekly pattern lb06a

Tenneco performance

Performance as an absolute value is never valid if it's not benchmarked against competitors or related stocks in the industry. For Tenneco, the benchmark is made against American Axle & Manufacturing, BorgWarner, Cummins, Dana, Fox Factory, Lear, Meritor and Standard Motor Products.
Stock3m6m12m
TENTenneco-61.83%-71.99%-77.75%
AXLAmerican Axle & M...-24.69%-17.93%-25.67%
BWABorgWarner-7.81%0.27%-7.41%
CMICummins3.42%16.14%30.80%
DANDana-9.38%5.07%-10.21%
FOXFFox Factory4.22%27.02%59.33%
LEALear-13.80%-9.80%-23.85%
MTORMeritor-6.41%16.80%14.45%
SMPStandard Motor Pr...-15.56%-8.36%-4.99%

Tenneco competitors

One check before investing in any stock is to have a look a list of its competitors, in this case for Tenneco. We picked 8 companies as Tenneco competitors as they are in the same industry or have similar market objectives.