Trinseo SA (TSE) Sees Large Volume Increase
Trinseo SA (NYSE:TSE) shares saw an uptick in trading volume on Tuesday . 2,366,774 shares traded hands during trading, an increase of 271% from the previous session’s volume of 638,322 shares.The stock last traded at $50.38 and had previously closed at $51.51.
Several research firms have issued reports on TSE. Citigroup Inc. boosted their target price on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Deutsche Bank AG boosted their target price on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a research report on Wednesday, August 3rd. Morgan Stanley reiterated a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a research report on Thursday, June 16th. Finally, Jefferies Group reiterated a “buy” rating and set a $50.00 target price on shares of Trinseo SA in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $47.57.
The company has a 50 day moving average of $47.90 and a 200 day moving average of $40.14. The stock has a market cap of $2.42 billion and a price-to-earnings ratio of 9.53.
Trinseo SA (NYSE:TSE) last issued its quarterly earnings results on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, topping the consensus estimate of $1.65 by $0.65. During the same quarter in the prior year, the firm posted $1.61 EPS. On average, equities research analysts expect that Trinseo SA will post $7.06 earnings per share for the current fiscal year.
The business also recently declared 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 annualized dividend and a dividend yield of 2.36%.
In other Trinseo SA news, insider E. Jeffery Denton bought 1,200 shares of the business’s stock in a transaction on Friday, May 13th. The shares were purchased at an average price of $43.66 per share, with a total value of $52,392.00. Following the completion of the acquisition, the insider now directly owns 17,845 shares of the company’s stock, valued at approximately $779,112.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Hayati Yarkadas bought 2,100 shares of the business’s stock in a transaction on Thursday, June 9th. The stock was acquired at an average cost of $48.82 per share, for a total transaction of $102,522.00. Following the acquisition, the insider now directly owns 10,594 shares of the company’s stock, valued at $517,199.08. 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 Trinseo SA (NYSE:TSE) by 15.3% during the fourth quarter, according to its most recent filing with the 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 reporting 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.
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.