Trinseo SA (TSE) Stock Price Down 4.1%
Trinseo SA (NYSE:TSE) shares fell 4.1% during mid-day trading on Tuesday . The company traded as low as $57.08 and last traded at $57.11, with a volume of 629,053 shares. The stock had previously closed at $59.57.
A number of research firms have recently issued reports on TSE. Jefferies Group restated a “buy” rating and issued a $50.00 price target on shares of Trinseo SA in a research report on Thursday, May 5th. Morgan Stanley reissued a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a research note on Thursday, June 16th. Citigroup Inc. increased their target price on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research note on Thursday, August 4th. Finally, Deutsche Bank AG reissued a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $47.57.
The firm has a 50-day moving average of $53.13 and a 200 day moving average of $43.73. The firm has a market capitalization of $2.69 billion and a P/E ratio of 10.57.
Trinseo SA (NYSE:TSE) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $2.30 EPS for the quarter, topping the Zacks’ consensus estimate of $1.65 by $0.65. During the same period last year, the business earned $1.61 earnings per share. Equities analysts predict that Trinseo SA will post $7.06 earnings per share for the current fiscal year.
In related news, insider Hayati Yarkadas acquired 2,100 shares of the business’s stock in a transaction that occurred on Thursday, June 9th. The shares were bought at an average cost of $48.82 per share, with a total value of $102,522.00. Following the completion of the purchase, the insider now directly owns 10,594 shares in the company, valued at $517,199.08. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at 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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