Trinseo SA (TSE) Sets New 52-Week High at $59.42
Trinseo SA (NYSE:TSE) shares hit a new 52-week high during mid-day trading on Friday . The company traded as high as $59.42 and last traded at $58.42, with a volume of 332,628 shares trading hands. The stock had previously closed at $58.01.
A number of research analysts recently issued reports on the company. Morgan Stanley reiterated a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a research note on Thursday, June 16th. Jefferies Group reiterated a “buy” rating and set a $50.00 price objective on shares of Trinseo SA in a research note on Thursday, May 5th. Citigroup Inc. boosted their price objective on Trinseo SA from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG boosted their price objective on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $47.57.
The firm has a market capitalization of $2.68 billion and a price-to-earnings ratio of 10.53. The firm has a 50-day moving average of $51.74 and a 200-day moving average of $42.60.
Trinseo SA (NYSE:TSE) last announced its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.65. During the same period in the previous year, the firm earned $1.61 earnings per share. Analysts anticipate that Trinseo SA will post $7.06 earnings per share for the current fiscal year.
In other news, insider Hayati Yarkadas acquired 2,100 shares of Trinseo SA stock in a transaction dated Thursday, June 9th. The stock was purchased at an average cost of $48.82 per share, for a total transaction of $102,522.00. Following the completion of the purchase, the insider now directly owns 10,594 shares in the company, valued at approximately $517,199.08. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
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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