Tenneco stock: buy or sell?
July 16th, 2019
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-3-15||Royal Bank of Canada||n/a||Sector Perform|
Tenneco stock analysis
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%).
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%).
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 $20.20Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-6-26||Morgan Stanley||Set Price Target||n/a||$9.00||-|
|2019-5-10||UBS Group||Lowers Target||$28.00||$16.00||-42.9%|
|2019-4-16||Morgan Stanley||Lowers Target||$30.00||$17.00||-43.3%|
|2019-4-1||UBS Group||Lowers Target||$39.00||$28.00||-28.2%|
|2019-3-15||Royal Bank of Canada||Lowers Target||n/a||$31.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareTenneco let down analysts on March when it posted an Earnings per Share (EPS) of $1.30 when the analysts' forecast was $1.43.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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.
|2013||$7,960 M||-||$183 M2.3%||-|
|2014||$8,420 M||5.78%||$226 M2.7%||23.50%|
|2015||$8,209 M||-2.51%||$247 M3.0%||9.29%|
|2016||$8,599 M||4.75%||$363 M4.2%||46.96%|
|2017||$9,274 M||7.85%||$198 M2.1%||-45.45%|
|2018||$11,763 M||26.84%||$55 M0.5%||-72.22%|
Quarterly financial resultsTenneco 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%.
|2017-Q1||$2,290 M||-||$59 M2.6%||-|
|2017-Q2||$2,320 M||1.31%||$-3 M-0.1%||-105.08%|
|2017-Q3||$2,270 M||-2.16%||$83 M3.7%||-2,866.67%|
|2017-Q4||$2,391 M||5.33%||$68 M2.8%||-18.07%|
|2018-Q1||$2,574 M||7.65%||$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||$4,280 M||80.44%||$-107 M-2.5%||-298.15%|
Tenneco ownershipWhen 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:
|Market cap||$549.5 M||$1.3 B||$8.4 B||$27.1 B||$2.7 B|
|Total shares||57.1 M||112.5 M||207.6 M||157.5 M||143.9 M|
|Float shares||50.4 M||110.9 M||205.6 M||156.7 M||142.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, July 16th, 2019|
|Day range||$9.33 - $9.99|
|Average true range||$0.65|
|50d mov avg||$11.38|
|100d mov avg||$19.08|
|200d mov avg||$26.09|
Tenneco performancePerformance 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.
|AXLAmerican Axle & M...||-24.69%||-17.93%||-25.67%|
|SMPStandard Motor Pr...||-15.56%||-8.36%||-4.99%|