Trinseo SA (TSE) Receives Consensus Rating of “Buy” from Brokerages
Trinseo SA (NYSE:TSE) has been assigned a consensus recommendation of “Buy” from the seven research firms that are covering the stock. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $47.57.
Several research analysts recently weighed in on TSE shares. Citigroup Inc. raised their target price on Trinseo SA from $48.00 to $53.00 and gave the company a “neutral” rating in a research note on Friday, July 15th. Deutsche Bank AG raised their target price on Trinseo SA from $55.00 to $58.00 and gave the company a “buy” rating in a research note on Wednesday, August 3rd.
Shares of Trinseo SA (NYSE:TSE) traded down 0.18% on Tuesday, reaching $55.50. 307,770 shares of the company traded hands. The company has a market capitalization of $2.58 billion, a PE ratio of 10.13 and a beta of 2.45. The firm has a 50-day moving average of $55.39 and a 200-day moving average of $48.94. Trinseo SA has a 52-week low of $21.92 and a 52-week high of $60.02.
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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 for the quarter, beating the Thomson Reuters’ consensus estimate 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 in the previous year, the company earned $1.61 earnings per share. On average, equities research analysts forecast that Trinseo SA will post $7.15 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 26th. Investors of record on Wednesday, October 12th will be given a $0.30 dividend. The ex-dividend date is Friday, October 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.16%. Trinseo SA’s dividend payout ratio (DPR) is 21.82%.
In related news, Director Ruth Springham sold 10,669,567 shares of the stock in a transaction on Friday, September 23rd. The stock was sold at an average price of $54.05, for a total value of $576,690,096.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.45% of the stock is owned by corporate insiders.
A number of large investors have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its stake in shares of Trinseo SA by 63.5% in the third quarter. BNP Paribas Arbitrage SA now owns 2,254 shares of the company’s stock valued at $127,000 after buying an additional 875 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of Trinseo SA during the first quarter valued at about $164,000. Teacher Retirement System of Texas increased its stake in shares of Trinseo SA by 188.7% in the second quarter. Teacher Retirement System of Texas now owns 4,281 shares of the company’s stock valued at $184,000 after buying an additional 2,798 shares in the last quarter. KCG Holdings Inc. acquired a new stake in shares of Trinseo SA during the second quarter valued at about $222,000. Finally, Quantbot Technologies LP increased its stake in shares of Trinseo SA by 514.3% in the second quarter. Quantbot Technologies LP now owns 5,344 shares of the company’s stock valued at $229,000 after buying an additional 4,474 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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