In a report issued on July 13, Joseph Spak from RBC Capital reiterated a Hold rating on Tenneco Automotive (NYSE: TEN), with a price target of $50. The company’s shares opened today at $43.81, close to its 52-week low of $41.78.
According to TipRanks.com, Spak is a 5-star analyst with an average return of 11.5% and a 61.7% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Arvinmeritor, Dana Holding, and Adient plc.
Tenneco Automotive has an analyst consensus of Moderate Buy, with a price target consensus of $52.75.
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The company has a one-year high of $65.59 and a one-year low of $41.78. Currently, Tenneco Automotive has an average volume of 625.6K.
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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.
