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Tuesday, September 29, 2020

Is Now the Time to Invest in Tenneco Inc. (NYSE:TEN)?

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The Tenneco Inc. (TEN) shares are trading at higher $7.66 and the avg recommendation for the stock is Hold. while the current analyst price target stands at $5.50.

To add more color to this target, the company’s high over the last year is $16.29 and the low is $2.21. Over the last 52 weeks, TEN is down -52.96% while the S&P 500 is up 0.92%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, TEN reported a profit of $497.0 million. Tenneco Inc. also saw revenues increase to $3.84 billion. In addition, TEN has free cash flow of -$289.0 million as of 03-2020. The company’s EBITDA came in at -$313.0 million which compares well with its peers.

TEN booked profit margins of -6.30%, its Return on Equity (ROE) is -83.00%, and its Return on Assets is -8.10%. All told, it is clear that, TEN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. TEN has a short ratio of 3.13 and outstanding shares of 81.17M.

Company Outlook

TEN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 1.07 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at -13.02. Tenneco Inc. TEN also noted assets of $12.22 billion at the end of the last quarter. Investors should also keep an eye on sector updates as TEN has historically followed its peers on positive news.

All told, Tenneco Inc. TEN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, TEN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Tenneco Inc. TEN is now commanding a market cap of 598.86M and a float of 59.58M. TEN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of TEN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in TEN, either long or short, and we have not been compensated for this article.

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