Trinseo S.A. (NYSE:TSE) had its price target lifted by research analysts at Barclays PLC from $73.00 to $78.00 in a research report issued to clients and investors on Tuesday. The brokerage currently has an “equal weight” rating on the basic materials company’s stock. Barclays PLC’s price objective points to a potential upside of 9.17% from the stock’s previous close.

A number of other equities analysts have also issued reports on TSE. Citigroup Inc. upped their target price on Trinseo from $67.00 to $70.00 and gave the company a “neutral” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 target price on the stock in a research report on Friday, July 21st. BidaskClub lowered Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday, July 25th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Finally, ValuEngine lowered Trinseo from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $76.40.

Shares of Trinseo (NYSE TSE) traded down $0.95 on Tuesday, hitting $71.45. The company’s stock had a trading volume of 453,208 shares, compared to its average volume of 575,528. Trinseo has a one year low of $47.80 and a one year high of $73.40. The firm has a market cap of $3,130.00, a price-to-earnings ratio of 9.44, a price-to-earnings-growth ratio of 1.18 and a beta of 2.36. The company has a debt-to-equity ratio of 2.13, a quick ratio of 2.03 and a current ratio of 2.88.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 67.62%. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.03 billion. During the same period in the previous year, the company earned $1.70 earnings per share. The business’s revenue for the quarter was up 17.2% on a year-over-year basis. analysts anticipate that Trinseo will post 7.68 earnings per share for the current year.

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In other news, insider Christopher D. Pappas sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total value of $1,712,500.00. Following the completion of the sale, the insider now directly owns 265,240 shares in the company, valued at approximately $18,168,940. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $67.38, for a total value of $363,784.62. Following the transaction, the insider now owns 18,298 shares of the company’s stock, valued at $1,232,919.24. The disclosure for this sale can be found here. Insiders sold a total of 35,399 shares of company stock valued at $2,401,335 over the last quarter. Company insiders own 0.26% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Daiwa Securities Group Inc. bought a new position in Trinseo during the 2nd quarter worth $103,000. Canada Pension Plan Investment Board bought a new position in Trinseo during the 3rd quarter worth $161,000. Royal Bank of Canada grew its stake in Trinseo by 47.7% during the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after buying an additional 843 shares during the last quarter. Citigroup Inc. grew its stake in Trinseo by 10.7% during the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after buying an additional 260 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale grew its stake in Trinseo by 85.0% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock worth $189,000 after buying an additional 1,430 shares during the last quarter. Hedge funds and other institutional investors own 97.07% of the company’s stock.

About Trinseo

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.

Analyst Recommendations for Trinseo (NYSE:TSE)

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