Trinseo SA (TSE) Reaches New 52-Week High at $49.90
Shares of Trinseo SA (NYSE:TSE) reached a new 52-week high on Thursday . The stock traded as high as $49.90 and last traded at $49.86, with a volume of 329,227 shares traded. The stock had previously closed at $48.62.
Several analysts have weighed in on the stock. Jefferies Group reissued a “buy” rating and issued a $50.00 price target on shares of Trinseo SA in a research note on Thursday, May 5th. Deutsche Bank AG reissued a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Morgan Stanley reissued a “hold” rating and issued a $48.00 price target on shares of Trinseo SA in a research note on Thursday, June 16th. Goldman Sachs Group Inc. boosted their price target on shares of Trinseo SA from $39.00 to $44.00 in a research note on Tuesday, April 12th. Finally, Citigroup Inc. boosted their price target on shares of Trinseo SA from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Monday, April 18th. Three 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 a consensus rating of “Buy” and a consensus price target of $43.57.
The stock has a market capitalization of $2.35 billion and a PE ratio of 14.16. The company’s 50-day moving average is $46.21 and its 200 day moving average is $36.67.
Trinseo SA (NYSE:TSE) last announced its quarterly earnings data on Tuesday, May 3rd. The company reported $1.62 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.27. During the same quarter in the previous year, the business earned $0.80 earnings per share. The firm had revenue of $894 million for the quarter, compared to the consensus estimate of $971.12 million. The firm’s revenue for the quarter was down 12.2% on a year-over-year basis. On average, analysts predict that Trinseo SA will post $6.49 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 20th. Investors of record on Wednesday, July 6th will be paid a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, July 1st. This represents a $1.20 annualized dividend and a yield of 2.47%.
In related news, Director Stephen F. Thomas sold 8,000,000 shares of the firm’s stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $42.90, for a total transaction of $343,200,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Hayati Yarkadas bought 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, with a total value of $102,522.00. Following the completion of the purchase, the insider now directly owns 10,594 shares of the company’s stock, valued at approximately $517,199.08. The disclosure for this purchase can be found here.
A number of institutional investors recently bought and sold shares of the stock. California Public Employees Retirement System boosted its position in Trinseo SA by 7.7% in the fourth quarter. California Public Employees Retirement System now owns 171,300 shares of the company’s stock valued at $4,831,000 after buying an additional 12,200 shares during the last quarter. GSA Capital Partners LLP boosted its position in Trinseo SA by 37.1% in the fourth quarter. GSA Capital Partners LLP now owns 59,630 shares of the company’s stock valued at $1,682,000 after buying an additional 16,130 shares during the last quarter. Wells Fargo & Company MN boosted its position in Trinseo SA by 15.3% in the fourth quarter. Wells Fargo & Company MN now owns 260,302 shares of the company’s stock valued at $7,341,000 after buying an additional 34,456 shares during the last quarter. Finally, Oxford Asset Management bought a new position in Trinseo SA during the fourth quarter valued at $1,760,000.
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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