Trinseo SA (TSE) Trading Down 3.3%
Trinseo SA (NYSE:TSE) dropped 3.3% on Tuesday . The stock traded as low as $53.61 and last traded at $53.93, with a volume of 2,328,296 shares traded. The stock had previously closed at $55.76.
TSE has been the topic of several research reports. Citigroup Inc. boosted their price target 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 reaffirmed a “buy” rating on shares of Trinseo SA in a research note on Wednesday, June 15th. Finally, Morgan Stanley reaffirmed a “hold” rating and set a $48.00 price objective on shares of Trinseo SA in a research note on Thursday, June 16th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $47.57.
The company has a market capitalization of $2.49 billion, a PE ratio of 9.80 and a beta of 2.44. The stock’s 50 day moving average price is $54.79 and its 200 day moving average price is $46.22.
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Trinseo SA (NYSE:TSE) last announced its earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.65. Trinseo SA had a return on equity of 73.14% and a net margin of 7.07%. During the same quarter last year, the business posted $1.61 EPS. On average, equities research analysts predict that Trinseo SA will post $7.13 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSE. Suntrust Banks Inc. increased its position in Trinseo SA by 0.5% in the second quarter. Suntrust Banks Inc. now owns 20,859 shares of the company’s stock valued at $894,000 after buying an additional 102 shares in the last quarter. Barclays PLC increased its position in Trinseo SA by 0.7% in the first quarter. Barclays PLC now owns 49,647 shares of the company’s stock valued at $1,788,000 after buying an additional 347 shares in the last quarter. Newgate Capital Management LLC increased its position in Trinseo SA by 3.7% in the second quarter. Newgate Capital Management LLC now owns 14,356 shares of the company’s stock valued at $612,000 after buying an additional 515 shares in the last quarter. Hancock Holding Co. increased its position in Trinseo SA by 3.0% in the first quarter. Hancock Holding Co. now owns 26,930 shares of the company’s stock valued at $991,000 after buying an additional 780 shares in the last quarter. Finally, Quaker Capital Investments LLC increased its position in Trinseo SA by 0.3% in the first quarter. Quaker Capital Investments LLC now owns 886,020 shares of the company’s stock valued at $32,614,000 after buying an additional 2,500 shares in the last quarter.
Trinseo SA Company Profile
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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