Shares of Trinseo SA (NYSE:TSE) have been given a consensus recommendation of “Hold” by the seven research firms that are currently covering the stock. Four equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $53.40.
TSE has been the topic of a number of research reports. Jefferies Group restated a “buy” rating and issued a $65.00 price target on shares of Trinseo SA in a report on Thursday, November 3rd. Zacks Investment Research cut Trinseo SA from a “strong-buy” rating to a “hold” rating in a report on Saturday, November 5th. Deutsche Bank AG upped their price target on Trinseo SA from $55.00 to $58.00 and gave the stock a “buy” rating in a report on Wednesday, August 3rd. Barclays PLC restated a “hold” rating and issued a $55.00 price target on shares of Trinseo SA in a report on Monday, November 14th. Finally, Citigroup Inc. upped their price target on Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a report on Thursday, August 4th.
In other Trinseo SA 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 transaction of $576,690,096.35. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.45% of the company’s stock.
A number of large investors have recently made changes to their positions in TSE. DekaBank Deutsche Girozentrale bought a new stake in shares of Trinseo SA during the third quarter worth approximately $105,000. BNP Paribas Arbitrage SA raised its position 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 worth $127,000 after buying an additional 875 shares in the last quarter. BlackRock Japan Co. Ltd raised its position in shares of 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 in the last quarter. National Asset Management Inc. acquired a new position in shares of Trinseo SA during the third quarter worth $208,000. Finally, Fuller & Thaler Asset Management Inc. acquired a new position in shares of Trinseo SA during the third quarter worth $209,000.
Shares of Trinseo SA (NYSE:TSE) opened at 56.70 on Tuesday. Trinseo SA has a 52-week low of $21.92 and a 52-week high of $60.02. The stock has a market cap of $2.53 billion, a P/E ratio of 9.68 and a beta of 2.50. The firm has a 50-day moving average price of $53.65 and a 200-day moving average price of $51.25.
Trinseo SA (NYSE:TSE) last released its earnings results on Wednesday, November 2nd. The company reported $1.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.68 by $0.02. Trinseo SA had a return on equity of 76.25% and a net margin of 7.65%. The company had revenue of $935 million for the quarter, compared to analysts’ expectations of $988.75 million. During the same quarter in the previous year, the firm posted $1.07 EPS. The firm’s quarterly revenue was down 9.0% on a year-over-year basis. On average, analysts anticipate that Trinseo SA will post $6.94 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Shareholders of record on Wednesday, October 12th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Friday, October 7th. Trinseo SA’s dividend payout ratio (DPR) is presently 20.44%.