Total SA’s “Neutral” Rating Reaffirmed at Zacks (TOT)
Total SA (NYSE:TOT)‘s stock had its “neutral” rating restated by Zacks in a research note issued on Thursday. They currently have a $70.00 price objective on the stock. Zacks‘s target price suggests a potential upside of 5.06% from the company’s current price.
Zacks’ analyst wrote, “TOTAL’s earnings in the second quarter were lower than the Zacks Consensus Estimate. TOTAL’s performance in the reported quarter was impacted by a decline in production, offset marginally by higher realized prices of the products sold. The ongoing geopolitical tension in the Middle-East and Africa adversely impacted the production of TOTAL. TOTAL continues to streamline its asset base through systematic acquisitions and the sale of assets. A significant portion of TOTAL’s revenue comes through inorganic route, which exposes it to acquisition related risks. The volatile prices of the products sold and the competitive environment in which the company operates can negatively impact sales volume and margins. Evaluating the pros and cons, we maintain our Neutral recommendation on the stock.”
Shares of Total SA (NYSE:TOT) traded down 2.90% during mid-day trading on Thursday, hitting $64.695. 1,937,707 shares of the company’s stock traded hands. Total SA has a one year low of $52.81 and a one year high of $74.22. The stock has a 50-day moving average of $70.49 and a 200-day moving average of $66.63. The company has a market cap of $146.8 billion and a price-to-earnings ratio of 11.64.
Total SA (NYSE:TOT) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.38 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.42 by $0.04. Analysts expect that Total SA will post $6.32 EPS for the current fiscal year.
A number of other analysts have also recently weighed in on TOT. Analysts at Societe Generale downgraded shares of Total SA from a “buy” rating to a “hold” rating in a research note on Wednesday, July 9th. Separately, analysts at Cowen and Company raised their price target on shares of Total SA from $80.00 to $82.00 in a research note on Friday, June 20th. Finally, analysts at Canaccord Genuity downgraded shares of Total SA from a “buy” rating to a “hold” rating in a research note on Monday, June 9th. Ten analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Total SA has a consensus rating of “Hold” and an average price target of $61.25.
Total SA is a France-based integrated international oil and gas company. It is an integrated international oil and gas company and a chemicals manufacturer.
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