Total System Services Given New $35.00 Price Target at Susquehanna (TSS)
Equities researchers at Susquehanna lifted their price target on shares of Total System Services (NYSE:TSS) from $30.00 to $35.00 in a research report issued on Wednesday, StockRatingsNetwork reports. The firm currently has a “positive” rating on the stock. Susquehanna’s price objective would suggest a potential upside of 16.09% from the company’s current price.
Shares of Total System Services (NYSE:TSS) traded up 1.34% during mid-day trading on Wednesday, hitting $30.15. 1,315,862 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 $30.20. The stock’s 50-day moving average is $28.96 and its 200-day moving average is $25.9. The company has a market cap of $5.711 billion and a P/E ratio of 23.80.
Total System Services (NYSE:TSS) last released its earnings data on Tuesday, July 23rd. The company reported $0.34 earnings per share (EPS) for the quarter, beating the 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 previous year, the company posted $0.35 earnings per share. The company’s revenue for the quarter was up 3.4% on a year-over-year basis. Analysts expect that Total System Services will post $1.71 EPS for the current fiscal year.
TSS has been the subject of a number of other recent research reports. Analysts at Zacks downgraded shares of Total System Services from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday. They now have a $32.00 price target on the stock. Separately, analysts at JMP Securities upgraded shares of Total System Services from a “market perform” rating to an “outperform” rating in a research note to investors on Monday. They now have a $35.00 price target on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Total System Services in a research note to investors on Friday, October 11th. They now have a $34.00 price target on the stock. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and nine have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $30.14.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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