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Tenneco Inc. (TEN) designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, off-highway, and other vehicle applications worldwide.
The company offers various vehicle emission control products and systems, including catalytic converters and diesel oxidation catalysts, diesel particulate filters, burner systems, lean nitrogen oxide (NOx) traps, hydrocarbon vaporizers and injectors, selective catalytic reduction systems, urea dosing systems, four-way catalysts, alternative NOx reduction technologies, mufflers and resonators, fabricated exhaust manifolds, pipes, hydroformed assemblies, elastomeric hangers and isolators, and after treatment control units.
It also provides ride performance products and systems, such as shock absorbers; struts; vibration control components; kinetic suspension technology systems, dual-mode suspension solutions, semi-active and active suspension systems, and kinetic H2/CVSA continuously variable semi active suspension systems; and other ride performance products comprising load assist products, springs, steering stabilizers, adjustable suspension systems, suspension kits, and modular assemblies.
Tenneco Inc. sells its products to original equipment vehicle designers and manufacturers, repair and replacement markets, and aftermarket under the Monroe, Kinetic, Fric-Rot, Gas-Matic, Sensa-Trac, OESpectrum, Quick-Strut, Walker, Fonos, XNOx, Mega-Flow, Quiet-Flow, Tru-Fit, DynoMax, Thrush, Rancho, Clevite Elastomers, and Axios brand names.
Shares have formed a bullish "cup and handle" following the Company's latest quarterly report. Strong sales of cars and light trucks contributed to a 7.8 percent revenue gain to $1.52 billion for Tenneco’s Clean Air division. First-quarter earnings were $1.17 a share. That exceeded the $1.11 expected. The company’s quarterly revenue also beat the average projection of $2.08 billion at $2.14 billion. Higher share prices are expected for this stock.
52-Weeks Trading Range: $34.45 - $61.73
Entry Point: $51.70
Stop Loss: $49.10
Target Price: $56.87
TEN closed at $45.00
