Trinseo (TSE) Given News Sentiment Score of 0.22
Press coverage about Trinseo (NYSE:TSE) has been trending somewhat positive this week, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Trinseo earned a news sentiment score of 0.22 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 45.0555347568601 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news articles that may have impacted Accern Sentiment Analysis’s analysis:
- Trinseo S.A. (TSE) Upgraded by ValuEngine to Strong-Buy (americanbankingnews.com)
- Trinseo S.A. (TSE) Director Jeffrey J. Cote Sells 5,000 Shares (americanbankingnews.com)
- Trinseo SA breached its 50 day moving average in a Bullish Manner : TSE-US : August 31, 2017 (finance.yahoo.com)
- Trinseo S.A. (TSE) Receives “Buy” Rating from Jefferies Group LLC (americanbankingnews.com)
TSE has been the subject of several research analyst reports. ValuEngine cut shares of Trinseo from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. BidaskClub upgraded shares of Trinseo from a “hold” rating to a “buy” rating in a research report on Wednesday, July 5th. Jefferies Group LLC restated a “buy” rating and issued a $82.00 price objective on shares of Trinseo in a research report on Friday, June 16th. Deutsche Bank AG restated a “buy” rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Finally, Barclays PLC dropped their price objective on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.80.
Shares of Trinseo (TSE) opened at 68.50 on Tuesday. The company has a market cap of $3.00 billion, a PE ratio of 9.70 and a beta of 2.39. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60. The firm’s 50 day moving average is $65.41 and its 200 day moving average is $66.55.
Trinseo (NYSE:TSE) last issued its quarterly earnings data 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. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.30 earnings per share. On average, equities analysts predict that Trinseo will post $6.70 earnings per share for the current year.
Trinseo declared that its Board of Directors has initiated a share repurchase plan on Thursday, June 22nd that allows the company to buyback 2,000,000 shares. This buyback authorization allows the basic materials company to repurchase shares of its stock through open market purchases. Stock buyback plans 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 business’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $69.49, for a total transaction of $1,737,250.00. Following the transaction, the insider now directly owns 265,240 shares in the company, valued at $18,431,527.60. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey J. Cote sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The stock was sold at an average price of $65.01, for a total transaction of $325,050.00. Following the transaction, the director now owns 15,640 shares in the company, valued at $1,016,756.40. The disclosure for this sale can be found here. Insiders have sold 75,000 shares of company stock valued at $5,183,100 over the last quarter. Corporate insiders own 0.65% of the company’s stock.
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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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