Total System Services Given New $33.00 Price Target at Keefe, Bruyette & Woods (TSS)
Keefe, Bruyette & Woods raised their price objective on shares of Total System Services (NYSE:TSS) from $30.00 to $33.00 in a research note issued on Wednesday, StockRatingsNetwork.com reports. The firm currently has a “market perform” rating on the stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 9.96% from the company’s current price.
Shares of Total System Services (NYSE:TSS) traded down 2.09% on Wednesday, hitting $30.01. The stock had a trading volume of 2,878,510 shares. Total System Services has a 52 week low of $21.10 and a 52 week high of $29.25. The stock’s 50-day moving average is $28.09 and its 200-day moving average is $25.16. The company has a market cap of $5.684 billion and a price-to-earnings ratio of 24.52.
Total System Services (NYSE:TSS) last announced its earnings results on Tuesday, October 22nd. The company reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.03. The company had revenue of $588.07 million for the quarter, compared to the consensus estimate of $587.13 million. During the same quarter in the previous year, the company posted $0.32 earnings per share. The company’s revenue for the quarter was up 25.6% 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.
A number of other firms have also recently commented on TSS. Analysts at Janney Montgomery Scott raised their price target on shares of Total System Services from $23.00 to $28.00 in a research note to investors on Wednesday. They now have a “neutral” rating on the stock. Separately, analysts at Deutsche Bank raised their price target on shares of Total System Services from $25.00 to $30.00 in a research note to investors on Wednesday. They now have a “hold” rating on the stock. Finally, analysts at Credit Suisse reiterated an “in-line” rating on shares of Total System Services in a research note to investors on Wednesday. Two research analysts have rated the stock with a sell rating, nine have issued a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $31.21.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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