Ratings Don’t Lie: Credit Suisse Reports Downgrade of Total S.A (NYSE:TOT) from Outperform to Neutral Rating

November 30, 2016 - By Hazel Jackson

Ratings Don't Lie: Credit Suisse Reports Downgrade of Total S.A (NYSE:TOT) from Outperform to Neutral Rating

Total S.A (NYSE:TOT) Downgrade

Credit Suisse has lowered Total S.A (NYSE:TOT) stock to Neutral in a analysts note sent to clients and investors on 30 November. TOT’s old rating was Outperform.

Total SA (ADR) (NYSE:TOT) Ratings Coverage

Out of 17 analysts covering Total SA (NYSE:TOT), 10 rate it a “Buy”, 0 “Sell”, while 7 “Hold”. This means 59% are positive. $58 is the highest target while $19.25 is the lowest. The $44.42 average target is -7.15% below today’s ($47.84) stock price. Total SA has been the topic of 19 analyst reports since August 24, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Goldman Sachs given on Friday, March 11. The stock has “Overweight” rating given by Barclays Capital on Monday, August 24. The stock has “Hold” rating given by Jefferies on Thursday, April 28. The firm earned “Buy” rating on Friday, March 18 by Nomura. Credit Agricole initiated the stock with “Buy” rating in Tuesday, December 15 report. The firm has “Outperform” rating given on Tuesday, February 16 by Raymond James. The firm earned “Neutral” rating on Friday, July 15 by Bank of America. Societe Generale upgraded Total SA (ADR) (NYSE:TOT) on Tuesday, September 22 to “Buy” rating. The firm earned “Neutral” rating on Wednesday, November 2 by JP Morgan. The company was downgraded on Thursday, September 8 by Bernstein.

About 3.83M shares traded hands or 112.78% up from the average. Total SA (ADR) (NYSE:TOT) has declined 8.02% since April 27, 2016 and is downtrending. It has underperformed by 13.25% the S&P500.

Analysts await Total SA (ADR) (NYSE:TOT) to report earnings on February, 9. They expect $0.93 EPS, up 5.68% or $0.05 from last year’s $0.88 per share. TOT’s profit will be $2.35B for 12.86 P/E if the $0.93 EPS becomes a reality. After $0.84 actual EPS reported by Total SA (ADR) for the previous quarter, Wall Street now forecasts 10.71% EPS growth.

Total SA is an oil and gas company. The company has a market cap of $121.06 billion. It has three divisions: the Upstream segment, including the activities of the exploration and production of hydrocarbons, and the activities of gas; the 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 the Marketing & Services segment, including the activities of supply and marketing in the field of petroleum products, as well as the activity of New Energies. It has a 29.79 P/E ratio. The Marketing & Services segment is engaged in the development of its oil products distribution activities and related services around the world.

According to Zacks Investment Research, “Total Fina SA engages in worldwide oil and gas production, other upstream, RM&T and an expanding multi-national specialty chemicals business. The Company’s Chemical Division produces rubber, paint, ink, adhesives and resins.”

TOT Company Profile

Total S.A. (Total), incorporated on January 1, 1954, is an gas and oil company. The Firm has three divisions: 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. The Company’s Corporate segment includes holdings operating and financial activities. The Firm operates in the renewable energies and power generation sectors.

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