In a report released today, Armintas Sinkevicius from Morgan Stanley maintained a Hold rating on Tenneco Automotive (NYSE: TEN), with a price target of $40. The company’s shares opened today at $42.85, close to its 52-week low of $41.64.
According to TipRanks.com, Sinkevicius is a 1-star analyst with an average return of -0.5% and a 37.5% success rate. Sinkevicius covers the Industrial Goods sector, focusing on stocks such as Magna International, Visteon Corp, and Adient plc.
Currently, the analyst consensus on Tenneco Automotive is a Moderate Buy with an average price target of $48.67.
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Based on Tenneco Automotive’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $2.54 billion and net profit of $50 million. In comparison, last year the company earned revenue of $2.32 billion and had a GAAP net loss of $3 million.
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Tenneco, Inc. engagesin the design, manufacture, and distribution of engineered products for both original equipment vehicle manufacturers and the repair and replacement markets. It operates through the following segments: North America Clean Air; North America Ride Performance; Europe, South America, and India Clean Air; Europe, South America, and India Ride Performance; Asia Pacific Clean Air; and Asia Pacific Ride Performance. Its brands include Monroe, Rancho, Clevite Elastomers, Marzocchi, Axios, Kinetic, and Fric-Rot for ride control products; and Walker, Fonos, DynoMax, Thrush, and Lukey for emission control products. The company was founded in 1999 and is headquartered in Lake Forest, IL.
