Raymond James Financial Upgrades Total (TOT) to Strong-Buy

Total (NYSE:TOT) was upgraded by equities research analysts at Raymond James Financial from an “outperform” rating to a “strong-buy” rating in a research report issued on Tuesday.

Several other analysts have also recently weighed in on the company. Morgan Stanley raised Total from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Sanford C. Bernstein raised Total from a “market perform” rating to an “outperform” rating and set a $66.00 price target for the company in a report on Friday. Cowen reissued an “outperform” rating and set a $64.00 price target (up from $58.00) on shares of Total in a report on Thursday, February 8th. Zacks Investment Research raised Total from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a report on Saturday, January 20th. Finally, Canaccord Genuity reissued a “buy” rating and set a $19.00 price target on shares of Total in a report on Tuesday, January 16th. Two analysts have rated the stock with a sell rating, six have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $51.22.

Shares of Total (NYSE:TOT) opened at $55.72 on Tuesday. Total has a 52-week low of $48.15 and a 52-week high of $59.57. The stock has a market capitalization of $140,370.00, a P/E ratio of 16.63, a PEG ratio of 1.43 and a beta of 0.79. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.47 and a quick ratio of 1.18.

Total (NYSE:TOT) last released its quarterly earnings data on Thursday, February 8th. The oil and gas exploration company reported $1.10 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.06 by $0.04. Total had a return on equity of 9.64% and a net margin of 5.03%. The company had revenue of $47.35 billion during the quarter. sell-side analysts anticipate that Total will post 4.82 EPS for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in TOT. The Manufacturers Life Insurance Company raised its holdings in Total by 14.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 3,933 shares of the oil and gas exploration company’s stock valued at $195,000 after acquiring an additional 507 shares in the last quarter. Bank of Nova Scotia acquired a new position in Total in the 2nd quarter valued at $843,000. Advisory Services Network LLC raised its holdings in Total by 251.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,283 shares of the oil and gas exploration company’s stock valued at $163,000 after acquiring an additional 2,348 shares in the last quarter. Intl Fcstone Inc. acquired a new position in Total in the 2nd quarter valued at $1,036,000. Finally, Frontier Investment Mgmt Co. raised its holdings in Total by 6.6% in the 2nd quarter. Frontier Investment Mgmt Co. now owns 184,337 shares of the oil and gas exploration company’s stock valued at $9,141,000 after acquiring an additional 11,427 shares in the last quarter. 5.44% of the stock is owned by hedge funds and other institutional investors.

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Total Company Profile

Total SA (Total) is an oil and gas company. The Company has three segments: an Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas and power; a Refining & Chemicals segment constituting an industrial hub consisting of the activities of refining, petrochemicals and specialty chemicals, and also includes the activities of oil trading and shipping, and a Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies.

Analyst Recommendations for Total (NYSE:TOT)

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