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 research firms have commented on TSE. Morgan Stanley reissued a “hold” rating and set a $48.00 price target on shares of Trinseo SA in a research note on Thursday, June 16th. Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of Trinseo SA in a research note on Thursday, May 5th. Citigroup Inc. lifted their price target on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG lifted their price target on shares of Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a research note on Wednesday, August 3rd. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Trinseo SA currently has a consensus rating of “Buy” and a consensus target price of $47.57.
The stock has a 50-day moving average of $49.08 and a 200 day moving average of $41.17. The stock has a market cap of $2.57 billion and a PE ratio of 10.12.
Trinseo SA (NYSE:TSE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.65 by $0.65. During the same period in the prior year, the company earned $1.61 EPS. On average, equities analysts forecast that Trinseo SA will post $7.06 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Wednesday, July 6th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%.
In related news, insider Hayati Yarkadas acquired 2,100 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The stock was bought at an average cost of $48.82 per share, for a total transaction of $102,522.00. Following the purchase, the insider now owns 10,594 shares in the company, valued at approximately $517,199.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
An institutional investor recently raised its position in Trinseo SA stock. California Public Employees Retirement System raised its stake in Trinseo SA (NYSE:TSE) by 7.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 approximately 0.35% of Trinseo SA worth $4,831,000 at the end of the most recent quarter.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.