In a report issued on July 7, Joseph Spak from RBC Capital maintained a Hold rating on Tenneco Automotive (TEN – Research Report), with a price target of $20.00. The company’s shares closed last Friday at $19.22, close to its 52-week high of $19.50.
According to TipRanks.com, Spak has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -14.6% and a 40.4% success rate. Spak covers the Industrial Goods sector, focusing on stocks such as Magna International, American Axle, and Dana Holding.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Tenneco Automotive with a $20.00 average price target.
The company has a one-year high of $19.50 and a one-year low of $9.51. Currently, Tenneco Automotive has an average volume of 1.58M.
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Tenneco, Inc. engages in 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.
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