Total System Services Given New $34.00 Price Target at Barclays Capital (TSS)
Research analysts at Barclays Capital lifted their price target on shares of Total System Services (NYSE:TSS) from $30.00 to $34.00 in a report released on Friday, Stock Ratings Network reports. The firm currently has an “overweight” rating on the stock. Barclays Capital’s target price points to a potential upside of 16.52% from the company’s current price.
TSS has been the subject of a number of other recent research reports. Analysts at Keefe, Bruyette & Woods raised their price target on shares of Total System Services from $27.00 to $30.00 in a research note to investors on Friday, October 4th. Separately, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Total System Services in a research note to investors on Wednesday, September 18th. They now have a $34.00 price target on the stock, up previously from $33.00. Finally, analysts at Zacks upgraded shares of Total System Services from a “neutral” rating to an “outperform” rating in a research note to investors on Wednesday, September 4th. They now have a $33.00 price target on the stock. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and nine have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $29.46.
Total System Services (NYSE:TSS) traded up 1.27% during mid-day trading on Friday, hitting $29.55. 365,039 shares of the company’s stock traded hands. Total System Services has a one year low of $21.10 and a one year high of $30.00. The stock’s 50-day moving average is $28.83 and its 200-day moving average is $25.86. The company has a market cap of $5.597 billion and a price-to-earnings ratio of 23.34.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, July 23rd. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.33 by $0.01. The company had revenue of $478.44 million for the quarter, compared to the consensus estimate of $483.16 million. During the same quarter in the prior year, the company posted $0.35 earnings per share. The company’s quarterly revenue was up 3.4% on a year-over-year basis. On average, analysts predict that Total System Services will post $1.71 earnings per share for the current fiscal year.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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