Analysts predict TotalEnergies SE ADR (TTE) stock to reach $64 in the next 12 months

At the time of writing, TotalEnergies SE ADR [TTE] stock is trading at $66.27, up 0.26%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The TTE shares have gain 3.29% over the last week, with a monthly amount glided 3.05%, and seem to be holding up well over a long-time horizon.

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On 12, March 2024, TotalEnergies SE: Statement in Compliance With the Article 223-16 of the General Regulation of the Financial Markets Authority (Autorité des marchés financiers). In a post published today on Yahoo Finance, Regulatory News:.

From an analyst’s perspective:

TotalEnergies SE ADR [NYSE: TTE] stock has seen the most recent analyst activity on November 29, 2023, when Jefferies downgraded its rating to a Hold. On March 21, 2023, upgrade upgraded it’s rating to Overweight. Wolfe Research upgraded its rating to a Outperform but stick to its price target of $72 on January 12, 2023. Goldman downgraded its rating to a Neutral. Exane BNP Paribas downgraded its rating to Neutral for this stock on December 15, 2022. In a note dated December 14, 2022, Exane BNP Paribas downgraded an Neutral rating on this stock.

For the past year, the stock price of TotalEnergies SE ADR fluctuated between $54.94 and $69.63. Currently, Wall Street analysts expect the stock to reach $64 within the next 12 months. TotalEnergies SE ADR [NYSE: TTE] shares were valued at $66.27 at the most recent close of the market. An investor can expect a potential drop of -3.43% based on the average TTE price forecast.

Analyzing the TTE fundamentals

According to TotalEnergies SE ADR [NYSE:TTE], the company’s sales were 218.94B for trailing twelve months, which represents an -14.37% plunge. Gross Profit Margin for this corporation currently stands at 0.25% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.16%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.08, Equity is 0.19 and Total Capital is 0.18. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 0.43.

Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 65.97 points at the first support level, and at 65.66 for the second support level. However, for the 1st resistance point, the stock is sitting at 66.50, and for the 2nd resistance point, it is at 66.73.

TotalEnergies SE ADR [TTE] reported earnings per share of $2.16 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $2.24/share, meaning a difference of -$0.08 and a surprise factor of -3.60%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $2.65 per share as compared to estimates of $2.59 per share, a difference of $0.06 representing a surprise of 2.30%.

Ratios To Look Out For

It is important to note that TotalEnergies SE ADR [NYSE:TTE] has a current ratio of 1.12. Also, the Quick Ratio is 0.90, while the Cash Ratio stands at 0.31. Considering the valuation of this stock, the price to sales ratio is 0.70, the price to book ratio is 1.33 and price to earnings (TTM) ratio is 7.57.

Transactions by insiders

Recent insider trading involved TotalEnergies SE, Director, that happened on Mar 31 ’23 when 71980.0 shares were purchased.

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