Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Automotive industry lower today making it today's featured Automotive laggard. The industry as a whole was unchanged today. By the end of trading, Tenneco fell $3.76 (-6.4%) to $55.24 on heavy volume. Throughout the day, 2,573,063 shares of Tenneco exchanged hands as compared to its average daily volume of 558,800 shares. The stock ranged in price between $54.92-$59.76 after having opened the day at $59.64 as compared to the previous trading day's close of $59.00. Other companies within the Automotive industry that declined today were:
), down 4.4%,
), down 3.1%,
), down 2.9% and
), down 2.5%.
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Tenneco Inc. designs, manufactures, and sells clean air and ride performance products and systems for light vehicle, commercial truck, and off-highway and other vehicle applications worldwide. Tenneco has a market cap of $3.7 billion and is part of the consumer goods sector. Shares are up 4.3% year to date as of the close of trading on Monday. Currently there are 10 analysts that rate Tenneco a buy, 1 analyst rates it a sell, and 2 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, good cash flow from operations, solid stock price performance and growth in earnings per share. We feel these strengths outweigh the fact that the company has had generally high debt management risk by most measures that we evaluated.
- You can view the full Tenneco Ratings Report.
On the positive front,
), up 6.0%,
), up 5.0%,
), up 4.5% and
), up 3.8% , were all gainers within the automotive industry with
) being today's featured automotive industry leader.
- Use our automotive section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the automotive industry could consider
) while those bearish on the automotive industry could consider
- Find other investment ideas from our top rated ETFs lists.