What’s in Trinseo S.A. (TSE) After Forming Bullish Multiple Top Chart Pattern?

July 18, 2017 - By Marry Poplack

The stock of Trinseo S.A. (TSE) shows a multiple tops pattern with $73.06 target or 4.00 % above today’s $70.25 share price. The 8 months chart pattern indicates low risk for the $3.08 billion company. It was reported on Jul, 18 by Finviz.com. If the $73.06 price target is reached, the company will be worth $123.20 million more.
Multiple tops are chart patterns with decent performance in a bull market. The failure rate is higher but the average decline is reasonable. Back-tests of such patterns show that the break even failure rate is 10%, the average rise: 19%, the throwback rate: 61% and the percentage of stocks meeting their price targets: 40%.

The stock decreased 0.35% or $0.25 on July 17, reaching $70.25. About shares traded. Trinseo S.A. (NYSE:TSE) has risen 50.53% since July 18, 2016 and is uptrending. It has outperformed by 33.83% the S&P500.

Analysts expect Trinseo S.A. (NYSE:TSE) to report $1.95 EPS on August, 7.They anticipate $0.35 EPS change or 15.22 % from last quarter’s $2.3 EPS. TSE’s profit would be $85.49M giving it 9.01 P/E if the $1.95 EPS is correct. After having $2.42 EPS previously, Trinseo S.A.’s analysts see -19.42 % EPS growth.

Trinseo S.A. (NYSE:TSE) Ratings Coverage

Among 4 analysts covering Trinseo (NYSE:TSE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Trinseo had 10 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Buy” on Friday, March 31. Zacks downgraded Trinseo S.A. (NYSE:TSE) on Thursday, August 6 to “Buy” rating. Deutsche Bank maintained the stock with “Buy” rating in Thursday, August 6 report. As per Friday, August 7, the company rating was maintained by Barclays Capital. The stock of Trinseo S.A. (NYSE:TSE) has “Neutral” rating given on Friday, August 7 by Citigroup. Citigroup maintained Trinseo S.A. (NYSE:TSE) on Wednesday, July 12 with “Neutral” rating. The company was maintained on Monday, April 18 by Citigroup. The firm earned “Buy” rating on Friday, June 16 by Jefferies. The company was maintained on Thursday, August 4 by Citigroup.

More recent Trinseo S.A. (NYSE:TSE) news were published by: Streetinsider.com which released: “Form 8-K Trinseo SA For: Jun 21” on June 22, 2017. Also Nasdaq.com published the news titled: “Trinseo SA (TSE) Ex-Dividend Date Scheduled for July 07, 2017” on July 06, 2017. Twst.com‘s news article titled: “Trinseo SA: Trinseo Announces Release Date and Conference Call for Second …” with publication date: July 17, 2017 was also an interesting one.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: