Trinseo SA (NYSE:TSE) Receives Consensus Rating of “Buy” from Analysts
Shares of Trinseo SA (NYSE:TSE) have received a consensus recommendation of “Buy” from the seven brokerages that are covering the firm. Three analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $47.57.
Several research analysts have issued reports on TSE shares. Citigroup Inc. increased their target price on shares of Trinseo SA from $48.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, July 15th. Deutsche Bank AG reiterated a “buy” rating on shares of Trinseo SA in a report on Wednesday, June 15th. Finally, Morgan Stanley reiterated a “hold” rating and set a $48.00 target price on shares of Trinseo SA in a report on Thursday, June 16th.
Trinseo SA (NYSE:TSE) opened at 55.69 on Tuesday. The stock has a market capitalization of $2.58 billion, a PE ratio of 10.16 and a beta of 2.44. Trinseo SA has a 12-month low of $21.92 and a 12-month high of $60.02. The stock’s 50 day moving average is $54.20 and its 200 day moving average is $45.50.
Trinseo SA (NYSE:TSE) last issued its earnings results on Tuesday, August 2nd. The company reported $2.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.65 by $0.65. Trinseo SA had a net margin of 7.07% and a return on equity of 73.14%. During the same quarter in the previous year, the business posted $1.61 EPS. Equities analysts anticipate that Trinseo SA will post $7.13 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in TSE. Vanguard Group Inc. boosted its stake in Trinseo SA by 36.3% in the second quarter. Vanguard Group Inc. now owns 1,936,384 shares of the company’s stock worth $83,128,000 after buying an additional 515,505 shares in the last quarter. Marshall Wace LLP raised its position in shares of Trinseo SA by 25.3% in the second quarter. Marshall Wace LLP now owns 1,153,645 shares of the company’s stock valued at $49,526,000 after buying an additional 232,958 shares during the last quarter. Anchor Bolt Capital LP raised its position in shares of Trinseo SA by 154.2% in the second quarter. Anchor Bolt Capital LP now owns 967,440 shares of the company’s stock valued at $41,532,000 after buying an additional 586,872 shares during the last quarter. Quaker Capital Investments LLC raised its position in shares of 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 during the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in shares of Trinseo SA by 186.7% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 825,513 shares of the company’s stock valued at $35,439,000 after buying an additional 537,623 shares during 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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