Tenneco stock: buy or sell?
September 20th, 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?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. That's why is so important to choose your own trading strategy that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.
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?
Everyday, hundreds of stock ratings are posted by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we gathered 7 ratings published for TEN stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-8-14||Morgan Stanley||Underweight||Equal Weight|
|2019-3-15||Royal Bank of Canada||n/a||Sector Perform|
Tenneco stock analysis
Tenneco shares depreciated -1.30% to $12.95 today.
Tenneco shares depreciated -1.30% to $12.95 today. TEN is retaking the upward trend marking a new rising bottom heading to break out over $14.70. Since price and SMA100d lines crossed up on Sep/9, TEN climbed $2.18 (20.24%).
After boosting an astounding 23.29% in a week last week, Tenneco closed this week at $12.95 and plummed a scary -7.76%.
In a weekly time frame, Tenneco stock is drawing an uptrend with rising tops and bottoms. Now trading in between its last bottom and last top, TEN might consolidate in a flat-base, waiting to break out over or down under . Since last week when TEN stock price broke up the SMA20w line, it gained $2.18 (20.24%).
Tenneco stock price history
Tenneco stock went public on March 17th, 1980 with a price of $12.631. Since then, TEN stock grew a 2.50%, with an average of 0.10% per year. If you had invested $1,000 in Tenneco stock in 1980, it would worth $25.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Tenneco stock historical price chart
TEN stock reached 52-week highs at $46.53, and all-time highs 2017-02-07 with a price of 67.66.
Tenneco stock price target is $19.30Nobody can reliably foresee how stock prices may evolve in the future. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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 6 price forecasts for TEN stock published in the last month:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-12||UBS Group||Lowers Target||$16.00||$15.00||-6.3%|
|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 disappointed experts on March when it reported 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 resultsIn 2018, Tenneco annual sales skyrocketed an extraordinary 26.84% to $11,763.00 million dollars from $9,274.00 marked in 2017. However, its profit margin (compared to sales) depreciated 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 M in revenues for 2018-Q4, a 80.44% improvement compared to previous quarter. Reported quarter earnings marked $-107.00 million with a profit margin of -2.50%. Profit margin declined a -4.78% compared to previous quarter when profit margin was 2.28%. When comparing revenues to same quarter last year, Tenneco sales marked a dazzling growth and rocketed 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 buy a company, it's worth to have a look its ownership structure.
Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Tenneco, 64.17% of all outstanding shares are owned by its staff.
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||$739.8 M||$899.8 M||$7.6 B||$25.5 B||$2.2 B|
|Total shares||57.1 M||112.5 M||206.5 M||157.8 M||143.9 M|
|Float shares||50.1 M||111.0 M||204.8 M||156.9 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%|
|Friday, September 20th, 2019|
|Day range||$12.65 - $13.25|
|Average true range||$1.02|
|50d mov avg||$9.95|
|100d mov avg||$11.01|
|200d mov avg||$20.13|
Tenneco performanceTo measure stock performance is always good to benchmark with competitors or related stocks. We chose American Axle & Manufacturing, BorgWarner, Cummins, Dana, Fox Factory, Lear, Meritor and Standard Motor Products as the bechmarking frame for Tenneco stock.
|AXLAmerican Axle & M...||-33.94%||-40.61%||-56.85%|
|SMPStandard Motor Pr...||9.34%||1.91%||-5.77%|