Trinseo SA (TSE) Reaches New 12-Month High at $53.09
Trinseo SA (NYSE:TSE) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $53.09 and last traded at $52.95, with a volume of 504,795 shares changing hands. The stock had previously closed at $50.86.
TSE has been the topic of several research reports. Citigroup Inc. upped their price target on Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a research report on Friday, July 15th. Deutsche Bank AG upped their price target on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a research report on Wednesday, August 3rd. Morgan Stanley reissued a “hold” rating and set a $48.00 price target on shares of Trinseo SA in a research report on Thursday, June 16th. Finally, Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of Trinseo SA in a research report on Thursday, May 5th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $47.57.
The company has a market capitalization of $2.48 billion and a PE ratio of 9.75. The company has a 50-day moving average price of $47.90 and a 200 day moving average price of $40.14.
Trinseo SA (NYSE:TSE) last released its earnings results 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 last year, the business posted $1.61 earnings per share. Analysts anticipate that Trinseo SA will post $7.06 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Wednesday, July 6th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.36%. The ex-dividend date was Friday, July 1st.
In other Trinseo SA news, insider Hayati Yarkadas bought 2,100 shares of the stock in a transaction on Thursday, June 9th. The shares were purchased at an average price of $48.82 per share, with a total value of $102,522.00. Following the acquisition, the insider now directly owns 10,594 shares of the company’s stock, valued at approximately $517,199.08. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider E. Jeffery Denton bought 1,200 shares of the stock in a transaction on Friday, May 13th. The stock was acquired at an average cost of $43.66 per share, for a total transaction of $52,392.00. Following the acquisition, the insider now directly owns 17,845 shares in the company, valued at $779,112.70. The disclosure for this purchase can be found here.
A hedge fund recently raised its stake in Trinseo SA stock. Wells Fargo & Company MN raised its position in shares of Trinseo SA (NYSE:TSE) by 15.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 260,302 shares of the company’s stock after buying an additional 34,456 shares during the period. Wells Fargo & Company MN owned 0.53% of Trinseo SA worth $7,341,000 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.
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