Zacks: Transportadora de Gas del Sur SA (TGS) Receives Average Rating of “Hold” from Analysts

Transportadora de Gas del Sur SA (NYSE:TGS) has been assigned an average broker rating score of 2.50 (Hold) from the one analysts that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.

Brokers have set a 1 year consensus price objective of $26.00 for the company and are expecting that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also given Transportadora de Gas del Sur an industry rank of 232 out of 265 based on the ratings given to related companies.

A number of brokerages have recently weighed in on TGS. Santander raised shares of Transportadora de Gas del Sur from an “underweight” rating to a “hold” rating in a research note on Wednesday, January 17th. Zacks Investment Research raised shares of Transportadora de Gas del Sur from a “hold” rating to a “strong-buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, December 27th.

Shares of Transportadora de Gas del Sur (NYSE:TGS) traded up $0.48 on Monday, hitting $20.90. 109,381 shares of the stock were exchanged, compared to its average volume of 245,771. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.49 and a current ratio of 1.55. Transportadora de Gas del Sur has a fifty-two week low of $10.26 and a fifty-two week high of $24.22. The stock has a market cap of $3,244.72, a PE ratio of 22.87 and a beta of 1.07.

Several institutional investors and hedge funds have recently modified their holdings of the company. Schroder Investment Management Group purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter worth approximately $11,621,000. JPMorgan Chase & Co. purchased a new stake in Transportadora de Gas del Sur in the 3rd quarter worth approximately $5,641,000. Wasatch Advisors Inc. grew its stake in Transportadora de Gas del Sur by 35.8% in the 2nd quarter. Wasatch Advisors Inc. now owns 952,094 shares of the energy company’s stock worth $15,814,000 after acquiring an additional 251,215 shares during the period. Wells Fargo & Company MN grew its stake in Transportadora de Gas del Sur by 30.4% in the 4th quarter. Wells Fargo & Company MN now owns 636,456 shares of the energy company’s stock worth $14,149,000 after acquiring an additional 148,412 shares during the period. Finally, Comerica Bank grew its stake in Transportadora de Gas del Sur by 29.5% in the 3rd quarter. Comerica Bank now owns 394,161 shares of the energy company’s stock worth $8,214,000 after acquiring an additional 89,795 shares during the period. 8.43% of the stock is owned by institutional investors and hedge funds.

WARNING: “Zacks: Transportadora de Gas del Sur SA (TGS) Receives Average Rating of “Hold” from Analysts” was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another site, it was illegally copied and reposted in violation of US & international trademark & copyright laws. The correct version of this article can be read at https://www.americanbankingnews.com/2018/02/12/zacks-transportadora-de-gas-del-sur-sa-tgs-receives-average-rating-of-hold-from-analysts.html.

About Transportadora de Gas del Sur

Transportadora de Gas del Sur SA is engaged in the transportation of natural gas and production and commercialization of natural gas liquids (Liquids). The Company operates through four segments: Natural Gas Transportation Services, Liquids Production and Commercialization, Other Services and Telecommunications.

Get a free copy of the Zacks research report on Transportadora de Gas del Sur (TGS)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Transportadora de Gas del Sur Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Transportadora de Gas del Sur and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply