A Director at Trinseo (TSE) is Buying Shares
Yesterday, a Director at Trinseo (TSE), Stephen Zide, bought shares of TSE for $1.02M.
This is Zide’s first Buy trade following 4 Sell transactions.
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Based on Trinseo’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $1.2 billion and quarterly net profit of $74.7 million. In comparison, last year the company earned revenue of $1.1 billion and had a net profit of $33.22 million. TSE’s market cap is $2.1B and the company has a P/E ratio of 5.19. Currently, Trinseo has an average volume of 500.9K.
Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $65.83, reflecting a 33.5% upside. Four different firms, including Alembic Global and Citigroup, currently also have a Buy rating on the stock.
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Trinseo SA engages in the manufacture and marketing of plastics, latex binders, and synthetic rubber. It operates through the Performance Materials and Basic Plastics & Feedstocks divisions. The Performance Materials division includes latex, synthetic rubber, and performance plastics segments.