Total SA was Downgraded to a Hold Rating at Scotiabank

By Ryan Adsit

Scotiabank analyst Blake Fernandez downgraded Total SA (NYSE: TOT) to Hold today and set a price target of $54. The company’s shares opened today at $53.36, close to its 52-week high of $54.12.

According to TipRanks.com, Fernandez is a 1-star analyst with an average return of -0.2% and a 46.3% success rate. Fernandez covers the Basic Materials sector, focusing on stocks such as Royal Dutch Shell A, Hollyfrontier Corp, and Valero Energy Corp.

Total SA has an analyst consensus of Moderate Buy, with a price target consensus of $54.

Based on Total SA’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $35.21 billion and quarterly net profit of $2.78 billion. In comparison, last year the company earned revenue of $27.49 billion and had a net profit of $1.6 billion.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.