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Tag: TEN

  • Tenneco Inc. (TEN) Stock Rocketing Phenomenally in Early Trades Following its Earnings Release.

    Tenneco Inc. (TEN) is the leader in designing, manufacturing, and marketing automotive product line for original parts and aftermarket clients. The company manages its operations through four business groups. The company is driving progressions in international mobility via the delivery of tech-based solutions for diversified international markets.

    The price of TEN stock during the regular trading on February 22, 2022, was $9.98 with a decline of 5.04%. At last check in the current market on February 23, 2022, the stock flew by 94.29%.

    TEN: Key Financials

    On February 23, 2022, TEN released its Q3 2021 financials ended December 31, 2021. Some of the key points are discussed below.

    Revenue

    Total revenue in Q4 2021 was reported to be $4.4 billion against $4.6 billion in the same quarter of 2020. The company observed a decrease of 6% year-over-year in its revenue.  The company topped the analysts estimated revenue target of $4.18 billion.

    EPS

    Diluted net loss in the fourth quarter of 2021 was $29 million or $0.42 per share versus a net income of $186 million or $2.03 per share in the same period of 2020. The company’s EPS decreased year-over-year. Also, it missed the analysts’ estimated EPS target of $0.06.

    TEN: Events and Happenings

    On February 23, 2022, TEN reported its entry into a definitive contract to be purchased by funds managed by associates of Apollo with an enterprise valuation of up to $7.1 billion. On December 2, 2021, TEN announced its nomination to Newsweek’s inventory of Most Responsible Companies 2022 of the US.

    On November 18, 2021, TEN updated its electronically controlled damping portfolio ‘CVSAe’ was featured on the intelligent and luxurious Lynk & Co 09 flagship SUV from Zhejiang Geely Holding Group. It was offered in MHEV and PHEV types with all-wheel drive. On November 17, 2021, TEN’s international brand from DRiV Motorparts group, Monroe introduced new part numbers to offer extended coverage to approximately eight million VIO.

    On November 16, 2021, TEN’s DRiV Motorparts group received three awards for its outpaced performance in online communications and content in the yearly Automotive Communications Award program. The award was presented by Women in Auto Care. On November 10, 2021, TEN announced its management’s attendance at the Virtual Barclays Global Automotive and Mobility Tech Conference on November 17, 2021.

    Conclusion

    TEN downplayed by 36% from the past six months as the global economy was facing recession in the pandemic. The company is in good shape to attract investments with the current market stock incline. The recent sky-high stock price is the result of its strong financial results.

  • Top 10 Auto parts stock for your portfolio

    Top 10 Auto parts stock for your portfolio

    For most investors, the auto industry was seen to be relatively quiet and boring until ‎recently. Cars are becoming ‎high-tech machines due to the rise of electric vehicles and ‎autonomous driving. Some of the up-and-coming players ‎in the space are becoming really ‎excited about these technologies. A major reason for all this interest in innovative ‎auto ‎stocks is that the nature of the car business is changing. It is no longer sufficient to have a ‎vehicle that ‎performs well mechanically. Besides, you must integrate cutting-edge ‎technology into every facet of that experience ‎as well.‎

    As well, Tesla (NASDAQ: TSLA) saw its stock soar during 2020, with more young EV ‎wannabes following in Tesla’s ‎footsteps in a frenzy of IPOs and SPACs to raise money from ‎an eager public. Even though some of the EV stocks ‎have gotten ahead of themselves in the ‎long term, many haven’t. The market cap of several companies now ‎exceeds billions, ‎despite very little revenue so far.‎‎

    Aptiv PLC (NYSE:APTV) shares were trading down -0.79% at $123.32 at the time of writing ‎on Monday.‎

    Aptiv PLC (NYSE:APTV) share price went from a low point around $29.22 to briefly over ‎‎$125.76 in past 52 weeks, though shares have since pulled back to $123.32. APTV market cap has remained high, ‎hitting $33.46B at the time of writing, giving it price-to-sales ratio of more than 2.‎

    If we look at the recent analyst rating APTV, KeyBanc Capital Markets downgraded ‎coverage on APTV shares with a Sector weight rating and a $120.32 price target, which implies ‎room for -3.0% downside momentum this year.‎

    American Axle & Manufacturing Holdings Inc. (AXL) last closed at $7.73, in a 52-week ‎range of $2.50 to $10.99. Analysts have a consensus price target of $9.00.‎

    BorgWarner Inc. (BWA) stock drop by -0.21% to $38.54. On December 2, 2020, the ‎company reported that it been awarded on Newsweek’s list of America’s Most Responsible Companies 2021. The ‎most recent rating by Wolfe Research, on November 12, 2020, is at a Peer perform.

    Dana Incorporated (NYSE:DAN) Shares headed falling, lower as much as -0.31%. The ‎company on December 7, 2020 declared that it was named one of “America’s Most Responsible Companies 2021” ‎by Newsweek Magazine. The most recent rating by Barclays, on December 17, 2020, is at an Equal weight.

    Foresight Autonomous Holdings Ltd. (NASDAQ:FRSX) fall 0.00% after losing more than ‎‎$0.0 on Monday. The firm recently revealed that the it will join the University of Michigan’s TechLab at Mcity ‎‎2021 startup cohort, managed by the Center for Entrepreneurship.‎

    Gentex Corporation (GNTX) last closed at $33.51, in a 52-week range of $19.48 to $34.01. ‎The BOD of the company on December 2, 2020 announce fourth quarter 2020 cash dividend. Analysts have a ‎consensus price target of $34.97.‎

    The Goodyear Tire & Rubber Company (GT) stock drop by -1.44% to $10.29. The company ‎and SafeAI, on December 10, 2020 reported a strategic relationship to incorporate tire intelligence into the ‎programming of autonomous heavy equipment vehicles. The most recent rating by Morgan Stanley, on December ‎‎11, 2020, is at an Equal-weight.‎

    Hyliion Holdings Corp. (NYSE:HYLN) Shares headed falling, lower as much as -1.83%. The ‎most recent rating by Barclays, on December 16, 2020, is at an Overweight.‎

    LKQ Corporation (NASDAQ:LKQ) fall -0.64% after losing more than -$0.23 on ‎Monday.

    QuantumScape Corporation (QS) last closed at $94.90, in a 52-week range of $9.74 to ‎‎$87.50. The company on December 8, 2020 released performance data for its solid-state battery technology. ‎Analysts have a consensus price target of $28.00.‎

    Tenneco Inc. (TEN) stock soar by 0.10% to $9.83. The company on December 9, 2020 ‎revealed that it has been named to Newsweek’s 2021 list of America’s Most Responsible Companies. The most ‎recent rating by JP Morgan, on April 02, 2020, is at a Neutral.

    Westport Fuel Systems Inc. (NASDAQ:WPRT) Shares headed falling, lower as much as -‎‎0.59%. The most recent rating by Lake Street, on May 10, 2019, is at a Buy.