In the last trading session, 3,160,000,000 shares of the Tenneco Inc. (NYSE:TEN) were traded, and its beta was 2.71. Most recently the company’s share price was $10.68, and it changed around -$0.02 or 0% from the last close, which brings the market valuation of the company to $875.41 Million. TEN currently trades at a discount to its 52-week high of $13.12, offering almost -22.85% off that amount. The share price’s 52-week low was $2.85, which indicates that the current value has risen by an impressive 73.31% since then. We note from Tenneco Inc.’s average daily trading volume that its 10-day average is 986.67 Million shares, with the 3-month average coming to 1.37 Million.
Tenneco Inc. stock received a consensus recommendation rating of Overweight, based on a mean score of 2.7. If we narrow it down even further, the data shows that none out of 7 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 4 recommended TEN as a Hold, whereas 3 deemed it a Buy, and no one rated it as Underweight. Tenneco Inc. is expected to report earnings per share of $0.66 for the current quarter.
Tenneco Inc. (NYSE:TEN): Trading Information
Although TEN has showed a red trend with a performance of -0.19% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $11.07 on Tuesday, Apr 06 increased the stock’s daily price by 3.52%. The company’s shares are currently up 0.01% year-to-date, but still up 0.021 over the last five days. On the other hand, Tenneco Inc. (NYSE:TEN) is -0.04% down in the 30-day period. We can see from the shorts that 3.03 Million shares have been sold at a short interest cover period of 2.21 day (s).
The consensus price target as assigned by Wall Street analysts is $13.33, which translates to bears needing to increase their stock price by 24.81% from its current value. Analyst projections state that TEN is forecast to be at a low of $13 and a high of $15. In order for the stock price to hit the forecast high, the stock would need to surge +40.45% from its current level, while the stock would need to crash 21.72% from its current level to reach the projected low.
Tenneco Inc. (TEN) projections and forecasts
Tenneco Inc. share prices are not performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +41.46 percent over the past six months and at a -893.18% annual growth rate that is well below the industry average of 25.4%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +312.9% in revenue this quarter, and will report an increase of 134.9% in the next quarter. The year-over-year growth rate is expected to be 14.6%, up from the previous year.
Consensus estimates provided by 6 financial analysts predict the company will bring in an average of $4.37 Billion in revenue for the current quarter. 6 analysts expect Tenneco Inc. to make $4.45 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarter a year ago was $3.84 Billion. Analysts predict that the company’s current quarter sales will jump, forecast at 13.9%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -46.2%. Tenneco Inc. earnings are expected to decrease by -352.7% in 2021, but the outlook is positive 4.42% per year for the next five years.
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Tenneco Inc. (NYSE:TEN)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 1.89% of Tenneco Inc. shares, and 58.13% of them are in the hands of institutional investors. The stock currently has a share float of 59.25%. Tenneco Inc. stock is held by 237 institutions, with Icahn, Carl, C. being the largest institutional investor. By Dec 30, 2020, it held 10.97% of the shares, which is about 7.29 Million shares worth $77.23 Million.
Vanguard Group, Inc. (The), with 6.66% or 4.43 Million shares worth $46.91 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Undiscovered Managers Behavioral Value Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jan 30, 2021. The former held 1657165 shares worth $16.74 Million, making up 2.49% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 1.29 Million shares worth around $13.63 Million, which represents about 1.93% of the total shares outstanding.