In a report issued on October 26, Joseph Spak from RBC Capital reiterated a Hold rating on Tenneco Automotive (NYSE: TEN), with a price target of $45. The company’s shares closed on Friday at $36.71, close to its 52-week low of $32.62.
According to TipRanks.com, Spak is a 4-star analyst with an average return of 7.3% and a 55.8% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Visteon Corp, Veoneer Inc, and BorgWarner.
Tenneco Automotive has an analyst consensus of Hold, with a price target consensus of $43.33, a 18.0% upside from current levels. In a report issued on October 17, Wells Fargo also maintained a Hold rating on the stock with a $45 price target.
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Tenneco Automotive’s market cap is currently $1.89B and has a P/E ratio of 7.35. The company has a Price to Book ratio of 2.63.
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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.
