Trinseo SA (TSE) Stock Rating Reaffirmed by Barclays PLC
Trinseo SA (NYSE:TSE)‘s stock had its “hold” rating reissued by stock analysts at Barclays PLC in a research note issued on Monday. They currently have a $55.00 target price on the stock. Barclays PLC’s price objective points to a potential downside of 0.18% from the company’s previous close.
A number of other brokerages have also weighed in on TSE. Deutsche Bank AG restated a “buy” rating on shares of Trinseo SA in a research report on Wednesday, November 2nd. Citigroup Inc. upped their target price on shares of Trinseo SA from $53.00 to $55.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Jefferies Group reiterated a “buy” rating and set a $65.00 price objective on shares of Trinseo SA in a research report on Thursday, November 3rd. Finally, Zacks Investment Research lowered shares of Trinseo SA from a “strong-buy” rating to a “hold” rating in a research report on Saturday, November 5th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Trinseo SA currently has a consensus rating of “Hold” and a consensus target price of $52.00.
Trinseo SA (NYSE:TSE) traded up 0.09% during trading on Monday, hitting $55.15. 24,417 shares of the company’s stock were exchanged. Trinseo SA has a 52-week low of $21.92 and a 52-week high of $60.02. The company has a market cap of $2.46 billion, a price-to-earnings ratio of 9.42 and a beta of 2.50. The firm has a 50 day moving average price of $53.83 and a 200 day moving average price of $50.53.
Trinseo SA (NYSE:TSE) last issued its earnings results on Wednesday, November 2nd. The company reported $1.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.68 by $0.02. Trinseo SA had a net margin of 7.65% and a return on equity of 76.25%. The firm earned $935 million during the quarter, compared to analyst estimates of $988.75 million. During the same quarter in the prior year, the business earned $1.07 earnings per share. Trinseo SA’s revenue for the quarter was down 9.0% on a year-over-year basis. On average, equities research analysts predict that Trinseo SA will post $6.94 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 26th. Stockholders of record on Wednesday, October 12th were paid a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.18%. The ex-dividend date was Friday, October 7th. Trinseo SA’s dividend payout ratio is currently 20.44%.
In other news, Director Ruth Springham sold 10,669,567 shares of the stock in a transaction on Friday, September 23rd. The shares were sold at an average price of $54.05, for a total value of $576,690,096.35. The sale was disclosed in a filing with the SEC, which is available at this link. 0.45% of the stock is currently owned by insiders.
Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. increased its stake in shares of Trinseo SA by 36.3% in the second quarter. Vanguard Group Inc. now owns 1,936,384 shares of the company’s stock valued at $83,128,000 after buying an additional 515,505 shares in the last quarter. Laurion Capital Management LP purchased a new stake in shares of Trinseo SA during the third quarter valued at $92,377,000. Marshall Wace LLP increased its stake 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 in the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Trinseo SA by 38.4% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,142,405 shares of the company’s stock valued at $64,614,000 after buying an additional 316,892 shares in the last quarter. Finally, Anchor Bolt Capital LP increased its stake 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 in 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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