Brokerages Set Total SA (NYSE:TOT) Target Price at $52.90
Shares of Total SA (NYSE:TOT) have earned a consensus recommendation of “Buy” from the twenty research firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and fifteen have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $45.50.
A number of research analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Total from a “hold” rating to a “buy” rating and set a $62.00 price objective for the company in a research note on Wednesday, May 22nd. ValuEngine lowered shares of Total from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Goldman Sachs Group restated a “buy” rating and set a $70.00 target price on shares of Total in a research report on Monday, July 15th. BMO Capital Markets decreased their target price on shares of Total from $11.00 to $8.50 and set a “market perform” rating on the stock in a research report on Friday, August 9th. Finally, HSBC restated a “buy” rating and set a $58.50 target price on shares of Total in a research report on Thursday, May 23rd.
Shares of TOT traded down $0.41 during mid-day trading on Friday, reaching $47.91. 101,906 shares of the company’s stock were exchanged, compared to its average volume of 2,164,895. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.00 and a current ratio of 1.25. The stock’s 50-day simple moving average is $53.40. Total has a 52-week low of $47.91 and a 52-week high of $65.69. The company has a market cap of $120.53 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.21 and a beta of 0.67.
Several institutional investors and hedge funds have recently made changes to their positions in TOT. Comerica Securities Inc. raised its holdings in shares of Total by 21.8% in the fourth quarter. Comerica Securities Inc. now owns 7,146 shares of the oil and gas exploration company’s stock worth $377,000 after buying an additional 1,279 shares during the period. Geode Capital Management LLC increased its holdings in Total by 11.9% during the 4th quarter. Geode Capital Management LLC now owns 52,536 shares of the oil and gas exploration company’s stock worth $2,741,000 after purchasing an additional 5,566 shares during the period. Dimensional Fund Advisors LP increased its holdings in Total by 1.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 709,465 shares of the oil and gas exploration company’s stock worth $37,020,000 after purchasing an additional 7,031 shares during the period. Ledyard National Bank increased its holdings in Total by 1.9% during the 1st quarter. Ledyard National Bank now owns 96,920 shares of the oil and gas exploration company’s stock worth $5,394,000 after purchasing an additional 1,767 shares during the period. Finally, Truvestments Capital LLC purchased a new position in Total during the 1st quarter worth $55,000. Institutional investors own 6.38% of the company’s stock.
TOTAL SA operates as an integrated oil and gas company worldwide. The company operates through four segments: Exploration & Production; Gas, Renewables & Power; Refining & Chemicals; and Marketing & Services. The Exploration & Production segment is involved in exploration and production activities in approximately 50 countries, and produces oil or gas in approximately 30 countries.
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