RBC Capital analyst Joseph Spak reiterated a Hold rating on Tenneco Automotive (TEN) today and set a price target of $34. The company’s shares closed yesterday at $27.95, close to its 52-week low of $27.45.
According to TipRanks.com, Spak is a 4-star analyst with an average return of 5.7% and a 54.2% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as American Axle, Visteon Corp, and Meritor Inc.
The word on The Street in general, suggests a Hold analyst consensus rating for Tenneco Automotive with a $42.25 average price target.
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Based on Tenneco Automotive’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $2.37 billion and net profit of $54 million. In comparison, last year the company earned revenue of $2.27 billion and had a net profit of $83 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 on April 1, 1940 and is headquartered in Lake Forest, IL.
