Trinseo SA (TSE) Reaches New 52-Week High at $53.09
Shares of Trinseo SA (NYSE:TSE) reached a new 52-week high during 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 subject of a number of analyst reports. Citigroup Inc. upped their price objective on shares of Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, July 15th. Deutsche Bank AG upped their price objective on shares of 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 restated a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a research report on Thursday, June 16th. Finally, 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. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $47.57.
The company has a 50-day moving average price of $48.28 and a 200 day moving average price of $40.45. The stock has a market capitalization of $2.50 billion and a P/E ratio of 9.82.
Trinseo SA (NYSE:TSE) last released its quarterly 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 last year, the company posted $1.61 EPS. Analysts expect that Trinseo SA will post $7.06 earnings per share for the current 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. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, July 1st.
In related news, insider Hayati Yarkadas purchased 2,100 shares of the firm’s stock in a transaction dated Thursday, June 9th. The stock was acquired at an average price of $48.82 per share, with a total value of $102,522.00. Following the completion of the transaction, the insider now owns 10,594 shares of the company’s stock, valued at $517,199.08. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Trinseo SA stock. California Public Employees Retirement System increased its position in Trinseo SA (NYSE:TSE) by 7.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 0.35% of Trinseo SA worth $4,831,000 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.
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