Jefferies Keeps a Hold Rating on Tenneco Automotive (TEN) and $67.0000 Target; Bank of America (BAC) Had 17 Bullish Analysts

July 10, 2017 - By Richard Conner

Among 27 analysts covering Bank of America (NYSE:BAC), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Bank of America had 66 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $21 target in Wednesday, April 12 report. On Tuesday, September 1 the stock rating was upgraded by KBW to “Buy”. Macquarie Research upgraded the shares of BAC in report on Tuesday, August 25 to “Underperform” rating. Nomura upgraded the shares of BAC in report on Tuesday, September 8 to “Buy” rating. The stock of Bank of America Corp (NYSE:BAC) earned “Hold” rating by Berenberg on Monday, April 24. The company was maintained on Wednesday, October 7 by Jefferies. The rating was maintained by Barclays Capital with “Equal Weight” on Tuesday, January 3. Robert W. Baird downgraded Bank of America Corp (NYSE:BAC) rating on Wednesday, November 16. Robert W. Baird has “Neutral” rating and $18 target. The stock of Bank of America Corp (NYSE:BAC) has “Outperform” rating given on Friday, January 29 by CLSA. The company was initiated on Wednesday, July 13 by Berenberg. See Bank of America Corp (NYSE:BAC) latest ratings:

07/07/2017 Broker: Jefferies Rating: Buy New Target: $28.0000 Maintain
14/06/2017 Broker: RBC Capital Markets Rating: Buy New Target: $26.0000 Maintain
06/06/2017 Broker: Jefferies Rating: Buy New Target: $28.0000 Maintain
06/06/2017 Broker: Keefe Bruyette & Woods Rating: Buy New Target: $27.0000 Maintain
01/06/2017 Broker: Credit Suisse Rating: Buy New Target: $27.0000 Maintain
31/05/2017 Broker: BMO Capital Markets Rating: Hold New Target: $24.0000 Maintain
24/04/2017 Broker: Berenberg Old Rating: Buy New Rating: Hold Downgrade
12/04/2017 Broker: BMO Capital Markets Rating: Hold New Target: $21.00 Maintain
07/04/2017 Broker: Wood Rating: Outperform Maintain
05/04/2017 Broker: RBC Capital Markets Rating: Buy New Target: $26.00 Maintain

Among 10 analysts covering Tenneco Inc (NYSE:TEN), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Tenneco Inc has $78 highest and $50 lowest target. $68.90’s average target is 18.55% above currents $58.12 stock price. Tenneco Inc had 29 analyst reports since July 30, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $70 target in Thursday, January 12 report. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, May 2. The stock of Tenneco Inc (NYSE:TEN) earned “Neutral” rating by Susquehanna on Wednesday, January 25. The firm has “Buy” rating by Goldman Sachs given on Monday, April 3. The firm has “Outperform” rating by RBC Capital Markets given on Monday, October 26. Barclays Capital upgraded the stock to “Overweight” rating in Thursday, February 11 report. Goldman Sachs maintained the stock with “Neutral” rating in Tuesday, May 3 report. The firm earned “Hold” rating on Wednesday, November 30 by Jefferies. RBC Capital Markets downgraded Tenneco Inc (NYSE:TEN) on Tuesday, December 15 to “Sector Perform” rating. The stock of Tenneco Inc (NYSE:TEN) has “Hold” rating given on Thursday, July 6 by Jefferies.

Bank of America Corporation is a bank holding firm and a financial holding company. The company has market cap of $248.31 billion. The Firm is a financial institution, serving individual clients and others with a range of banking, investing, asset management and other financial and risk management services and products. It has a 15.32 P/E ratio. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business divisions: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S.

The stock increased 0.49% or $0.12 during the last trading session, reaching $24.83. About 5,550 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 10, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. It is positive, as 62 investors sold Bank of America Corp shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Tompkins Corp reported 1,200 shares. The Maryland-based Wagner Bowman Mngmt has invested 0.3% in Bank of America Corp (NYSE:BAC). Wealthcare Cap Mgmt stated it has 3,060 shares or 0.01% of all its holdings. Coastline Trust accumulated 22,079 shares. Algebris (Uk) Llp has invested 1.2% of its portfolio in Bank of America Corp (NYSE:BAC). New Century Invest Mgmt, Michigan-based fund reported 31,370 shares. Pure Fincl Advisors Inc owns 11,087 shares. Pennsylvania-based Glenmede Tru Na has invested 0.05% in Bank of America Corp (NYSE:BAC). Renaissance Gru Ltd Liability Company stated it has 0.1% of its portfolio in Bank of America Corp (NYSE:BAC). Boothbay Fund Management Ltd holds 14,617 shares. Magnetar Ltd Liability Corporation reported 897,541 shares or 0.27% of all its holdings. Greenwich Wealth Mngmt Ltd Liability owns 136,375 shares. Hbk Sorce Advisory Ltd Liability owns 61,147 shares for 0.24% of their portfolio. Pettyjohn Wood And White owns 138,938 shares or 1.19% of their US portfolio. Tiger Eye Lc holds 3.15% or 968,534 shares in its portfolio.

Tenneco Inc. is a producer of clean air and ride performance products and systems for light vehicle, commercial truck, off-highway and other vehicle applications. The company has market cap of $3.20 billion. The Firm designs, makes and distributes highly engineered products for both original equipment vehicle manufacturers and the repair and replacement markets, or aftermarket, across the world. It has a 8.81 P/E ratio. The Firm operates through six divisions: North America Clean Air; North America Ride Performance; Europe, South America and India Clean Air; Europe, South America and India Ride Performance; Asia Pacific Clean Air, and Asia Pacific Ride Performance.

Since February 13, 2017, it had 4 insider purchases, and 7 selling transactions for $9.87 million activity. JACKSON TIMOTHY E had bought 17 shares worth $1,058. Sherrill Gregg M sold 78,799 shares worth $5.08M. Guo Peng bought $6,350 worth of stock. Another trade for 15 shares valued at $934 was made by TRAMMELL KENNETH R on Thursday, March 23. The insider Harrington James D. sold $560,947. $255,265 worth of Tenneco Inc (NYSE:TEN) shares were sold by Kunz John E. Shares for $282,913 were sold by PRICE DAVID B JR.

Analysts await Tenneco Inc (NYSE:TEN) to report earnings on August, 4. They expect $1.80 earnings per share, up 1.12% or $0.02 from last year’s $1.78 per share. TEN’s profit will be $99.11M for 8.07 P/E if the $1.80 EPS becomes a reality. After $1.53 actual earnings per share reported by Tenneco Inc for the previous quarter, Wall Street now forecasts 17.65% EPS growth.