Tenneco stock: buy or sell?

TEN stock price: $12.95 -1.30% At close on September 20th, 2019

Updated on:
September 20th, 2019

2

Shares of Tenneco ended today at $12.95 and depreciated a fatal -1.30%. On September/11 TEN skyrocketed an astounding 5.44%.

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.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean TEN will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

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.

Is TEN a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-12UBS Groupn/aBuy
2019-8-14Morgan StanleyUnderweightEqual Weight
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 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%).

TEN stock chart (daily)

Weekly outlook

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%).

TEN stock chart (weekly)

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 $19.30

Nobody 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:
TEN stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-12UBS GroupLowers Target$16.00$15.00-6.3%
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)$28.30$19.30-32.0%
Moving in a range from $31.00 and $9.00, the price target for TEN stock is $19.30. In average, analysts' outlook on TEN price forecast is negative, reducing the target by a -32.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Tenneco disappointed experts on March when it reported 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

In 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.

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 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%.
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 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:

TENAXLBWACMIDAN
Market cap$739.8 M$899.8 M$7.6 B$25.5 B$2.2 B
Total shares57.1 M112.5 M206.5 M157.8 M143.9 M
Float shares50.1 M111.0 M204.8 M156.9 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

Friday, September 20th, 2019
Open$13.10
Close$12.95
Day range$12.65 - $13.25
Previous close$13.12
Session gain-1.30%
Average true range$1.02
50d mov avg$9.95
100d mov avg$11.01
200d mov avg$20.13
Daily patternlb02a
Weekly pattern lt06a

Tenneco performance

To 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.
Stock3m6m12m
TENTenneco20.47%-42.57%-71.11%
AXLAmerican Axle & M...-33.94%-40.61%-56.85%
BWABorgWarner-12.06%2.40%-17.30%
CMICummins-4.20%5.35%10.24%
DANDana-15.44%-8.00%-24.36%
FOXFFox Factory-20.63%-7.36%-11.51%
LEALear-13.03%-8.80%-23.62%
MTORMeritor-20.03%-6.20%-10.28%
SMPStandard Motor Pr...9.34%1.91%-5.77%

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 selected 8 companies as Tenneco competitors as they are in the same industry or have similar market objectives.