Trinseo S.A. (NYSE:TSE) Receives $64.00 Average PT from Brokerages
Trinseo S.A. (NYSE:TSE) has been assigned a consensus rating of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $76.75.
Several research firms have recently weighed in on TSE. Citigroup Inc. lifted their target price on shares of Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a report on Wednesday, July 12th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target on the stock in a research note on Friday, July 21st. BidaskClub raised shares of Trinseo from a “hold” rating to a “buy” rating in a research note on Wednesday, July 5th. Jefferies Group LLC reissued a “buy” rating and set a $82.00 price target on shares of Trinseo in a research report on Friday, June 16th. Finally, Barclays PLC lowered their price target on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday.
Shares of Trinseo (NYSE TSE) opened at 64.45 on Wednesday. The firm’s 50 day moving average is $68.23 and its 200-day moving average is $67.12. The company has a market cap of $2.83 billion, a PE ratio of 9.13 and a beta of 2.38. Trinseo has a 1-year low of $44.70 and a 1-year high of $72.60.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.80 by $0.41. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business posted $2.30 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. Equities analysts expect that Trinseo will post $7.11 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were paid a dividend of $0.36 per share. The ex-dividend date was Friday, July 7th. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. This represents a $1.44 dividend on an annualized basis and a yield of 2.23%. Trinseo’s dividend payout ratio is 20.34%.
Trinseo announced that its Board of Directors has initiated a share buyback program on Thursday, June 22nd that allows the company to buyback 2,000,000 outstanding shares. This buyback authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
In related news, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the completion of the transaction, the insider now directly owns 265,240 shares of the company’s stock, valued at $18,842,649.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction that occurred on Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total value of $1,344,800.00. Following the completion of the sale, the insider now directly owns 260,240 shares of the company’s stock, valued at $17,498,537.60. The disclosure for this sale can be found here. Insiders have sold 90,000 shares of company stock worth $6,138,050 over the last quarter. Insiders own 0.65% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC purchased a new stake in Trinseo during the first quarter valued at $208,000. Fox Run Management L.L.C. bought a new stake in Trinseo during the first quarter valued at approximately $439,000. BLB&B Advisors LLC boosted its stake in Trinseo by 27.9% in the first quarter. BLB&B Advisors LLC now owns 8,093 shares of the basic materials company’s stock valued at $543,000 after buying an additional 1,766 shares during the period. Bank of Montreal Can boosted its stake in Trinseo by 82.8% in the first quarter. Bank of Montreal Can now owns 169,792 shares of the basic materials company’s stock valued at $11,393,000 after buying an additional 76,897 shares during the period. Finally, Macquarie Group Ltd. boosted its stake in Trinseo by 6.6% in the fourth quarter. Macquarie Group Ltd. now owns 932,382 shares of the basic materials company’s stock valued at $55,290,000 after buying an additional 57,407 shares during the period.
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Trinseo Company Profile
Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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