Trinseo SA (TSE) Hits New 1-Year High at $57.35
Shares of Trinseo SA (NYSE:TSE) reached a new 52-week high on Thursday . The company traded as high as $57.35 and last traded at $57.13, with a volume of 286,983 shares. The stock had previously closed at $55.28.
TSE has been the subject of several research analyst reports. Deutsche Bank AG restated a “buy” rating on shares of Trinseo SA in a report on Wednesday, June 15th. Jefferies Group restated a “buy” rating and issued a $50.00 price objective on shares of Trinseo SA in a report on Thursday, May 5th. Morgan Stanley restated a “hold” rating and issued a $48.00 price objective on shares of Trinseo SA in a report on Thursday, June 16th. Finally, Citigroup Inc. raised their price objective on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Trinseo SA presently has an average rating of “Buy” and a consensus target price of $47.57.
The firm has a market capitalization of $2.66 billion and a price-to-earnings ratio of 10.45. The firm’s 50-day moving average price is $49.49 and its 200 day moving average price is $41.27.
Trinseo SA (NYSE:TSE) last posted its earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.65. During the same quarter in the prior year, the company earned $1.61 earnings per share. On average, analysts expect that Trinseo SA will post $7.06 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Wednesday, July 6th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, July 1st. This represents a $1.20 annualized dividend and a yield of 2.17%.
In other news, insider Hayati Yarkadas purchased 2,100 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were bought at an average cost of $48.82 per share, for a total transaction of $102,522.00. Following the acquisition, the insider now owns 10,594 shares of the company’s stock, valued at approximately $517,199.08. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
An institutional investor recently raised its position in Trinseo SA stock. California Public Employees Retirement System boosted its stake 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. 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 as of its most recent filing with the SEC.
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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