Trinseo SA (TSE) Reaches New 52-Week High at $52.25
Trinseo SA (NYSE:TSE) reached a new 52-week high during trading on Wednesday . The company traded as high as $52.25 and last traded at $51.61, with a volume of 269,927 shares changing hands. The stock had previously closed at $51.39.
A number of research firms have recently commented on TSE. Citigroup Inc. increased their price target on shares of Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a report on Friday, July 15th. Deutsche Bank AG restated a “buy” rating on shares of Trinseo SA in a research report on Wednesday, June 15th. Morgan Stanley restated a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a research report on Thursday, June 16th. Jefferies Group restated a “buy” rating and set a $50.00 price objective on shares of Trinseo SA in a research report on Thursday, May 5th. Finally, Goldman Sachs Group Inc. increased their price objective on shares of Trinseo SA from $39.00 to $44.00 in a research report on Tuesday, April 12th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $44.71.
The firm has a market cap of $2.42 billion and a price-to-earnings ratio of 14.57. The firm has a 50-day moving average of $46.85 and a 200-day moving average of $37.53.
Trinseo SA (NYSE:TSE) last released its quarterly earnings data on Tuesday, May 3rd. The company reported $1.62 earnings per share for the quarter, topping analysts’ consensus estimates of $1.35 by $0.27. The company had revenue of $894 million for the quarter, compared to analyst estimates of $971.12 million. The firm’s revenue for the quarter was down 12.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.80 EPS. Analysts predict that Trinseo SA will post $6.53 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Stockholders of record on Wednesday, July 6th were given a dividend of $0.30 per share. The ex-dividend date was Friday, July 1st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.34%.
In other news, Director Stephen F. Thomas sold 8,000,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Hayati Yarkadas bought 2,100 shares of the stock in a transaction dated Thursday, June 9th. The shares were acquired at an average price of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the transaction, the insider now owns 10,594 shares of the company’s stock, valued at approximately $517,199.08. The disclosure for this purchase can be found here.
Several institutional investors have made changes to their positions in the company. California Public Employees Retirement System raised its position in shares of Trinseo SA by 7.7% in the fourth quarter. California Public Employees Retirement System now owns 171,300 shares of the company’s stock worth $4,831,000 after buying an additional 12,200 shares during the period. GSA Capital Partners LLP raised its position in shares of Trinseo SA by 37.1% in the fourth quarter. GSA Capital Partners LLP now owns 59,630 shares of the company’s stock worth $1,682,000 after buying an additional 16,130 shares during the period. Finally, Wells Fargo & Company MN raised its position in shares of Trinseo SA by 15.3% in the fourth quarter. Wells Fargo & Company MN now owns 260,302 shares of the company’s stock worth $7,341,000 after buying an additional 34,456 shares during the period.
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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