Trinseo SA (TSE) Shares Up 4.6%
Trinseo SA (NYSE:TSE) shares shot up 4.6% during trading on Monday . The stock traded as high as $56.31 and last traded at $56.26, with a volume of 444,387 shares. The stock had previously closed at $53.79.
Several analysts have issued reports on the company. Jefferies Group reaffirmed a “buy” rating and set a $50.00 target price on shares of Trinseo SA in a research report on Thursday, May 5th. Citigroup Inc. increased their target price on Trinseo SA from $53.00 to $55.00 and gave the company a “neutral” rating in a research report on Thursday, August 4th. Deutsche Bank AG increased their target price on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a research report on Thursday, June 16th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Trinseo SA currently has an average rating of “Buy” and an average target price of $47.57.
The firm has a market capitalization of $2.58 billion and a PE ratio of 10.16. The firm has a 50 day moving average price of $48.28 and a 200-day moving average price of $40.45.
Trinseo SA (NYSE:TSE) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, beating analysts’ consensus estimates of $1.65 by $0.65. During the same period last year, the firm earned $1.61 earnings per share. Equities analysts expect that Trinseo SA will post $7.06 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Wednesday, July 6th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.15%. The ex-dividend date was Friday, July 1st.
In other news, insider Hayati Yarkadas bought 2,100 shares of the business’s stock in a transaction on Thursday, June 9th. The shares were bought at an average price of $48.82 per share, with a total value of $102,522.00. Following the completion of the transaction, the insider now directly owns 10,594 shares in the company, valued at $517,199.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in Trinseo SA stock. California Public Employees Retirement System boosted its position in shares of Trinseo SA (NYSE:TSE) by 7.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 171,300 shares of the company’s stock after buying an additional 12,200 shares during the period. California Public Employees Retirement System owned about 0.35% of Trinseo SA worth $4,831,000 as of its most recent SEC filing.
Trinseo SA is a materials company. The Company operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s segments include Synthetic Rubber, Latex and Performance Plastics. The Latex segment produces styrene-butadiene latex (SB latex) for coated paper and packaging board, carpet and artificial turf backings, as well as a number of performance latex applications.
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