Trinseo S.A. (TSE) Upgraded at BidaskClub
BidaskClub upgraded shares of Trinseo S.A. (NYSE:TSE) from a sell rating to a hold rating in a research report released on Thursday.
TSE has been the subject of several other research reports. Citigroup Inc. increased 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. Barclays PLC lowered their target price on shares of Trinseo from $75.00 to $73.00 and set an equal weight rating for the company in a report on Friday, August 4th. ValuEngine downgraded shares of Trinseo from a strong-buy rating to a buy rating in a report on Monday, August 14th. Zacks Investment Research downgraded shares of Trinseo from a buy rating to a hold rating in a report on Tuesday, August 8th. Finally, Jefferies Group LLC reiterated a buy rating and issued a $82.00 target price on shares of Trinseo in a report on Friday, June 16th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $75.80.
Shares of Trinseo (NYSE TSE) opened at 62.95 on Thursday. The company has a market capitalization of $2.76 billion, a PE ratio of 8.92 and a beta of 2.38. The company has a 50-day moving average of $65.84 and a 200-day moving average of $66.67. Trinseo has a one year low of $44.70 and a one year high of $72.60.
Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by $0.41. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The business’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.30 EPS. On average, analysts anticipate that Trinseo will post $6.70 earnings per share for the current year.
Trinseo declared that its board has authorized a stock buyback plan on Thursday, June 22nd that authorizes the company to buyback 2,000,000 shares. This buyback authorization authorizes the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.
In related news, insider Christopher D. Pappas sold 20,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total transaction of $1,344,800.00. Following the completion of the transaction, the insider now owns 260,240 shares in the company, valued at $17,498,537.60. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the transaction, the insider now owns 265,240 shares of the company’s stock, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 70,000 shares of company stock valued at $4,858,050. 0.65% of the stock is owned by company insiders.
Institutional investors have recently bought and sold shares of the stock. Karp Capital Management Corp bought a new position in Trinseo during the first quarter valued at $564,000. State Board of Administration of Florida Retirement System raised its position in Trinseo by 3.8% in the first quarter. State Board of Administration of Florida Retirement System now owns 25,270 shares of the basic materials company’s stock valued at $1,696,000 after buying an additional 929 shares during the last quarter. LSV Asset Management raised its position in Trinseo by 70.8% in the first quarter. LSV Asset Management now owns 1,182,020 shares of the basic materials company’s stock valued at $79,313,000 after buying an additional 490,164 shares during the last quarter. Bowling Portfolio Management LLC raised its position in Trinseo by 16.7% in the first quarter. Bowling Portfolio Management LLC now owns 14,459 shares of the basic materials company’s stock valued at $970,000 after buying an additional 2,074 shares during the last quarter. Finally, Tocqueville Asset Management L.P. bought a new position in Trinseo during the first quarter valued at $246,000. Institutional investors own 97.55% of the company’s stock.
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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