Triple-S Management Corp. Downgraded by Zacks to “Neutral” (GTS)
Triple-S Management Corp. (NYSE:GTS) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued to investors on Tuesday. They currently have a $19.90 target price on the stock. Zacks‘s price objective suggests a potential upside of 10.37% from the stock’s previous close.
Triple-S Management Corp. (NYSE:GTS) traded down 1.61% during mid-day trading on Tuesday, hitting $17.74. The stock had a trading volume of 58,107 shares. Triple-S Management Corp. has a 1-year low of $14.70 and a 1-year high of $22.71. The stock’s 50-day moving average is $17.68 and its 200-day moving average is $17.36. The company has a market cap of $483.7 million and a P/E ratio of 10.94.
Triple-S Management Corp. (NYSE:GTS) last announced its earnings results on Tuesday, May 6th. The company reported $0.25 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.14 by $0.11. The company had revenue of $584.80 million for the quarter, compared to the consensus estimate of $585.82 million. During the same quarter last year, the company posted $0.55 earnings per share. Triple-S Management Corp.’s revenue was down .9% compared to the same quarter last year. On average, analysts predict that Triple-S Management Corp. will post $1.32 earnings per share for the current fiscal year.
GTS has been the subject of a number of other recent research reports. Analysts at TheStreet upgraded shares of Triple-S Management Corp. to a “buy” rating in a research note on Thursday, July 3rd. Separately, analysts at Credit Suisse raised their price target on shares of Triple-S Management Corp. from $17.00 to $19.00 in a research note on Wednesday, May 14th. They now have a “neutral” rating on the stock. Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of Triple-S Management Corp. in a research note on Monday, April 28th. They now have a $21.00 price target on the stock.
Triple-S Management Corporation (NYSE:GTS) is a managed care company in Puerto Rico, serving approximately 1,684,000 members across all regions.
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