Tenneco Inc. (NYSE: TEN) Up 40.19% YTD: Could Trouble Be Ahead? – Marketing Sentinel
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Tenneco Inc. (NYSE: TEN) Up 40.19% YTD: Could Trouble Be Ahead?

Tenneco Inc. (NYSE:TEN)’s traded shares stood at 0.45 million during the last session, with the company’s beta value hitting 2.53. At the close of trading, the stock’s price was $14.86, to imply an increase of 2.20% or $0.32 in intraday trading. The TEN share’s 52-week high remains $22.75, putting it -53.1% down since that peak but still an impressive 52.22% since price per share fell to its 52-week low of $7.10. The company has a valuation of $1.16B, with an average of 0.69 million shares in intraday trading volume over the past 10 days and average of 781.37K shares over the past 3 months.

Analysts have given a consensus recommendation of an Overweight for Tenneco Inc. (TEN), translating to a mean rating of 2.70. Of 7 analyst(s) looking at the stock, 1 analyst(s) give TEN a Sell rating. 0 of those analysts rate the stock as Overweight while 3 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at $0.61.

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Tenneco Inc. (NYSE:TEN) trade information

After registering a 2.20% upside in the last session, Tenneco Inc. (TEN) has traded red over the past five days. The stock hit a weekly high of 15.66 this Friday, 10/08/21, jumping 2.20% in its intraday price action. The 5-day price performance for the stock is -0.93%, and 9.75% over 30 days. With these gigs, the year-to-date price performance is 40.19%. Short interest in Tenneco Inc. (NYSE:TEN) saw shorts transact 3.6 million shares and set a 4.92 days time to cover.

Analysts on Wall Street suggest a consensus price target of $16.00, implying an increase of 7.13% to the stock’s current value. The extremes give us $8.00 and $20.00 for target low and target high price respectively. As such, TEN has been trading -34.59% off suggested target high and 46.16% from its likely low.

Tenneco Inc. (TEN) estimates and forecasts

Looking at statistics comparing Tenneco Inc. share performance against respective industry, we note that the company has outperformed competitors. Tenneco Inc. (TEN) shares are 36.08% up over the last 6 months, with its year-to-date growth rate higher than industry average at 788.64% against 28.30%. Revenue is forecast to grow 84.80% this quarter before falling -39.30% for the next one. The rating firms project that company’s revenue will grow 19.30% compared to the previous financial year.

Revenue forecast for the current quarter as set by 5 analysts is $4.28 billion. Meanwhile, for the quarter ending Dec 2021, a total of 5 analyst(s) estimate revenue growth to $4.76 billion.

An assessment of the company’s 5-year growth patterns shows that annual earnings shrunk an estimated -46.20% for the past 5-year period. While 2021 is set for a -352.70% return in earnings, projections for the next 5 years are at 4.42% annually.

TEN Dividends

Tenneco Inc. has its next earnings report out between November 01 and November 05. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Tenneco Inc. has a forward dividend ratio of 0, with the share yield ticking at 0.00% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 0.00%.

Tenneco Inc. (NYSE:TEN)’s Major holders

Tenneco Inc. insiders hold 1.92% of total outstanding shares, with institutional holders owning 72.92% of the shares at 74.35% float percentage. In total, 72.92% institutions holds shares in the company, led by Vanguard Group, Inc. (The). As of Jun 29, 2021, the company held over 8.54 million shares (or 10.42% of shares), all amounting to roughly $164.96 million.

The next major institution holding the largest number of shares is Blackrock Inc. with 4.64 million shares, or about 5.66% of shares outstanding. As of the market price on Jun 29, 2021, these shares were worth $89.63 million.

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We also have Undiscovered Managers Behavioral Value Fund and Vanguard Total Stock Market Index Fund as the top two Mutual Funds with the largest holdings of the Tenneco Inc. (TEN) shares. Going by data provided on Jun 29, 2021, Undiscovered Managers Behavioral Value Fund holds roughly 2.36 million shares. This is just over 2.87% of the total shares, with a market valuation of $45.53 million. Data from the same date shows that the other fund manager holds a little less at 2.31 million, or 2.82% of the shares, all valued at about 44.58 million.

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