Trinseo SA (TSE) Given Consensus Recommendation of “Hold” by Analysts
Shares of Trinseo SA (NYSE:TSE) have earned an average rating of “Hold” from the seven research firms that are presently covering the company. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.40.
TSE has been the subject of a number of analyst reports. Deutsche Bank AG reiterated a “buy” rating on shares of Trinseo SA in a research note on Wednesday, November 2nd. Zacks Investment Research downgraded Trinseo SA from a “strong-buy” rating to a “hold” rating in a research note on Saturday, November 5th. Barclays PLC reiterated a “hold” rating and set a $55.00 price target on shares of Trinseo SA in a research note on Monday, November 14th. Jefferies Group reiterated a “buy” rating and set a $65.00 price target on shares of Trinseo SA in a research note on Thursday, November 3rd. Finally, Citigroup Inc. lifted their price target on Trinseo SA from $53.00 to $55.00 and gave the company a “neutral” rating in a research note on Thursday, August 4th.
Trinseo SA (NYSE:TSE) traded up 0.36% during trading on Tuesday, hitting $56.20. The stock had a trading volume of 310,690 shares. Trinseo SA has a 1-year low of $21.92 and a 1-year high of $60.02. The firm has a 50 day moving average price of $53.58 and a 200-day moving average price of $51.12. The firm has a market capitalization of $2.51 billion, a PE ratio of 9.60 and a beta of 2.50.
Trinseo SA (NYSE:TSE) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.68 by $0.02. The business earned $935 million during the quarter, compared to the consensus estimate of $988.75 million. Trinseo SA had a return on equity of 76.25% and a net margin of 7.65%. The company’s quarterly revenue was down 9.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.07 EPS. On average, equities research analysts expect that Trinseo SA will post $6.94 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Friday, October 7th. This represents a $1.20 annualized dividend and a dividend yield of 2.14%. Trinseo SA’s dividend payout ratio is currently 20.44%.
In other Trinseo SA news, Director Ruth Springham sold 10,669,567 shares of Trinseo SA stock in a transaction that occurred on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total transaction of $576,690,096.35. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.45% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale bought a new stake in Trinseo SA during the third quarter worth approximately $105,000. BNP Paribas Arbitrage SA boosted its stake in Trinseo SA by 63.5% in the third quarter. BNP Paribas Arbitrage SA now owns 2,254 shares of the company’s stock worth $127,000 after buying an additional 875 shares during the period. BlackRock Japan Co. Ltd boosted its stake in Trinseo SA by 76.1% in the third quarter. BlackRock Japan Co. Ltd now owns 2,743 shares of the company’s stock worth $155,000 after buying an additional 1,185 shares during the period. Teacher Retirement System of Texas boosted its stake in Trinseo SA by 188.7% in the second quarter. Teacher Retirement System of Texas now owns 4,281 shares of the company’s stock worth $184,000 after buying an additional 2,798 shares during the period. Finally, National Asset Management Inc. bought a new stake in Trinseo SA during the third quarter worth approximately $208,000.
About Trinseo SA
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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