The stock of Trinseo S.A. (NYSE:TSE) gapped up by $0.49 today and has $68.45 target or 25.00% above today’s $54.76 share price. The 8 months technical chart setup indicates low risk for the $2.47B company. The gap was reported on Oct, 14 by Barchart.com. If the $68.45 price target is reached, the company will be worth $617.50M more.
Gaps up are useful for using as a support level and to some extent as a tradeable event. If investors already hold the stock and experience a price gap up, then its usually a good idea to hold the stock for a stronger up move. Back-tests of these patterns indicate that two-thirds of the times the stock performance improves after the gap. The area gaps close 89% of the time, the breakaway gaps, 2%, the continuation gaps 4% and the exhaustion gaps 61%. About 759,252 shares traded hands. Trinseo S.A. (NYSE:TSE) has risen 53.76% since March 11, 2016 and is uptrending. It has outperformed by 48.31% the S&P500.
Analysts await Trinseo S.A. (NYSE:TSE) to report earnings on November, 2. They expect $1.66 earnings per share, up 55.14% or $0.59 from last year’s $1.07 per share. TSE’s profit will be $74.88M for 8.25 P/E if the $1.66 EPS becomes a reality. After $2.30 actual earnings per share reported by Trinseo S.A. for the previous quarter, Wall Street now forecasts -27.83% negative EPS growth.
Trinseo S.A. (NYSE:TSE) Ratings Coverage
Out of 3 analysts covering Trinseo (NYSE:TSE), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Trinseo has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. Citigroup maintained Trinseo S.A. (NYSE:TSE) rating on Friday, August 7. Citigroup has “Neutral” rating and $30 price target. Deutsche Bank maintained it with “Buy” rating and $40 target price in Thursday, August 6 report. Citigroup maintained the stock with “Neutral” rating in Thursday, August 4 report. On Thursday, August 6 the stock rating was downgraded by Zacks to “Buy”. The stock of Trinseo S.A. (NYSE:TSE) earned “Neutral” rating by Citigroup on Monday, April 18. The stock has “Equal Weight” rating given by Barclays Capital on Friday, August 7.
According to Zacks Investment Research, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania.”
More news for Trinseo S.A. (NYSE:TSE) were recently published by: Twst.com, which released: “Trinseo SA: Trinseo Announces Release Date and Conference Call for Third …” on October 13, 2016. Nasdaq.com‘s article titled: “Trinseo S.A. (TSE) Ex-Dividend Date Scheduled for October 07, 2016” and published on October 06, 2016 is yet another important article.
TSE Company Profile
Trinseo S.A., incorporated on June 14, 2010, is a materials firm engaged in the manufacture and marketing of synthetic rubber, latex and plastics, including various specialty and technologically differentiated products. The Firm operates under two divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division’s divisions 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. The Synthetic Rubber segment produces synthetic rubber products used in tires, with additional applications in polymer modification and technical rubber goods, including conveyer and fan belts, hoses, seals and gaskets. The Performance Plastics divisions produces highly engineered compounds and blends for automotive end markets, as well as consumer electronics, medical, electrical and lighting, collectively consumer essential markets (CEM). The Basic Plastics & Feedstocks segment includes styrenic polymers, polycarbonate (PC) and styrene monomer, and also includes the Company’s joint ventures, Americas Styrenics LLC and Sumika Styron Polycarbonate Limited.
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