Is Tenneco stock a good buy?
Is Tenneco stock a good buy?
Tenneco Automotive has 18.91% upside potential, based on the analysts’ average price target.
Is Tenneco undervalued?
Valuation metrics show that Tenneco Inc. may be undervalued. Its Value Score of A indicates it would be a good pick for value investors. The financial health and growth prospects of TEN, demonstrate its potential to outperform the market.
Why is Tenneco stock falling?
There definitely was a reason – it’s earnings fell at a faster rate than the rate at which revenues grew. Turns out Tenneco’s earnings margins (profits as a % of revenue) steadily dropped over the last few years from 4.8% in 2016 to 0.9% in 2018.
Who owns Tenneco stock?
Top 10 Owners of Tenneco Inc
| Stockholder | Stake | Shares owned |
|---|---|---|
| The Vanguard Group, Inc. | 8.46% | 7,033,715 |
| Fuller & Thaler Asset Management,… | 7.10% | 5,902,947 |
| Pentwater Capital Management LP | 6.89% | 5,730,000 |
| BlackRock Fund Advisors | 4.84% | 4,022,691 |
Will Tenneco stock go up?
Tenneco Inc (NYSE:TEN) The 5 analysts offering 12-month price forecasts for Tenneco Inc have a median target of 20.00, with a high estimate of 20.00 and a low estimate of 20.00. The median estimate represents a +23.08% increase from the last price of 16.25.
Is Tenneco sold?
23, 2022 /PRNewswire/ — Tenneco (NYSE: TEN) announced today it has entered into a definitive agreement to be acquired by funds managed by affiliates of Apollo (NYSE: APO) (the “Apollo Funds”) in an all-cash transaction with an enterprise valuation of approximately $7.1 billion , including debt.
Who is buying Tenneco?
Apollo Global Management Inc
Feb 23 (Reuters) – Tenneco Inc (TEN. N) has agreed to be bought by private-equity firm Apollo Global Management Inc (APO. N) for $1.64 billion in cash, the U.S. auto-parts maker said on Wednesday. Tenneco shares nearly doubled in value and were trading slightly below the offer price of $20 before the bell.
Is Tenneco being bought out?
Summary. Tenneco Inc. agreed to be acquired by Apollo Global Management for $20/sh in cash.
Which share went up today?
Time Period
| Company | Current Price | Change % |
|---|---|---|
| Mahindra & Mahindra | 1034.95 | 3.71% |
| Zee Entertainment | 253.55 | 3.62% |
| Oil India | 232.00 | 3.36% |
| ONGC | 148.65 | 3.30% |
Is Tenneco closing?
Tenneco currently employs 597 total union and non-union employees at the facility,” Penn wrote in the letter, which is dated April 11. This is in line with what company leaders said in November. But while the plant will be closed by the end of 2023, layoffs will start this June, the company said.
Is Tenneco still in business?
Tenneco’s History Through various public offerings, sales, spin-offs and mergers beginning in the 1980s, the company divested all of its businesses, leaving Tenneco Automotive as the remaining part of the original company.
Why is Apollo buying Tenneco?
“In Apollo, we have a partner that recognizes the strength of our product portfolio and our ability to serve leading OEM and aftermarket blue-chip customers globally. Specifically, this partnership will allow us to continue to invest in and grow Tenneco’s multiple segments and global footprint.
