Zacks Investment Research Downgrades Trinseo S.A. (TSE) to Hold
Trinseo S.A. (NYSE:TSE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a note issued to investors on Wednesday.
According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
TSE has been the topic of a number of other reports. Alembic Global Advisors restated a “buy” rating on shares of Trinseo in a report on Tuesday, September 5th. Jefferies Group LLC restated a “buy” rating and issued a $82.00 target price on shares of Trinseo in a report on Tuesday, August 29th. Citigroup Inc. boosted their target price on shares of Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a report on Wednesday, July 12th. Barclays PLC reduced their target price on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a report on Friday, August 4th. Finally, ValuEngine downgraded shares of Trinseo from a “strong-buy” rating to a “buy” rating in a report on Monday, August 14th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Trinseo presently has an average rating of “Buy” and a consensus price target of $76.40.
Shares of Trinseo (TSE) opened at $71.25 on Wednesday. The company has a quick ratio of 2.03, a current ratio of 2.88 and a debt-to-equity ratio of 2.13. The stock has a market cap of $3,122.70, a price-to-earnings ratio of 9.32, a price-to-earnings-growth ratio of 1.17 and a beta of 2.36. Trinseo has a fifty-two week low of $47.80 and a fifty-two week high of $73.40.
Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04). The company had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a net margin of 6.78% and a return on equity of 67.62%. The business’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.70 earnings per share. equities research analysts predict that Trinseo will post 7.66 earnings per share for the current year.
In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the business’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the completion of the sale, the insider now directly owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey J. Cote sold 5,000 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $65.01, for a total transaction of $325,050.00. Following the completion of the sale, the director now directly owns 15,640 shares of the company’s stock, valued at $1,016,756.40. The disclosure for this sale can be found here. Insiders have sold a total of 35,399 shares of company stock worth $2,401,335 over the last quarter. 0.26% of the stock is currently owned by insiders.
Institutional investors have recently added to or reduced their stakes in the business. Benson Investment Management Company Inc. purchased a new stake in Trinseo in the 2nd quarter valued at about $1,501,000. Tocqueville Asset Management L.P. boosted its position in Trinseo by 30.5% in the 2nd quarter. Tocqueville Asset Management L.P. now owns 4,779 shares of the basic materials company’s stock valued at $328,000 after buying an additional 1,116 shares during the period. State Street Corp boosted its position in Trinseo by 1.3% in the 1st quarter. State Street Corp now owns 571,029 shares of the basic materials company’s stock valued at $38,323,000 after buying an additional 7,094 shares during the period. Prudential Financial Inc. boosted its position in Trinseo by 7.5% in the 2nd quarter. Prudential Financial Inc. now owns 617,196 shares of the basic materials company’s stock valued at $42,401,000 after buying an additional 43,250 shares during the period. Finally, Schroder Investment Management Group purchased a new stake in Trinseo in the 2nd quarter valued at about $964,000. 97.07% of the stock is owned by institutional investors.
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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