Total System Services Upgraded to “Neutral” at Goldman Sachs Group Inc. (TSS)
Total System Services (NYSE:TSS) was upgraded by Goldman Sachs Group Inc. from a “sell” rating to a “neutral” rating in a research note issued on Thursday, TheFlyOnTheWall.com reports. The firm currently has a $31.00 target price on the stock, up from their previous target price of $27.00. Goldman Sachs Group Inc.’s price target indicates a potential downside of 2.76% from the stock’s previous close.
A number of other firms have also recently commented on TSS. Analysts at Barclays raised their price target on shares of Total System Services from $35.00 to $38.00 in a research note to investors on Tuesday. They now have an “overweight” rating on the stock. Separately, analysts at Ned Davis Research upgraded shares of Total System Services from a “neutral” rating to a “buy” rating in a research note to investors on Monday, December 30th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Total System Services in a research note to investors on Friday, December 27th. They now have a $35.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and eleven have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $33.69.
Shares of Total System Services (NYSE:TSS) traded down 0.84% on Thursday, hitting $31.88. 1,359,857 shares of the company’s stock traded hands. Total System Services has a 52-week low of $21.53 and a 52-week high of $33.44. The stock has a 50-day moving average of $32.22 and a 200-day moving average of $29.63. The company has a market cap of $6.050 billion and a P/E ratio of 25.35.
Total System Services, Inc (NYSE:TSS), is a global payment solutions provider that provides services to financial and nonfinancial institutions.
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