Somewhat Positive Media Coverage Somewhat Unlikely to Affect Trinseo (TSE) Share Price
Press coverage about Trinseo (NYSE:TSE) has been trending somewhat positive this week, Accern reports. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Trinseo earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news headlines about the basic materials company an impact score of 45.7767160089939 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Several research analysts recently weighed in on TSE shares. Jefferies Group lifted their price objective on shares of Trinseo from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a research note on Wednesday, October 11th. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research note on Monday, December 11th. Deutsche Bank lifted their price objective on shares of Trinseo to $92.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Finally, Barclays lifted their price objective on shares of Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Trinseo currently has a consensus rating of “Buy” and a consensus price target of $81.17.
Shares of Trinseo (NYSE TSE) traded up $0.40 during mid-day trading on Tuesday, reaching $80.00. 170,607 shares of the company’s stock traded hands, compared to its average volume of 271,433. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. The firm has a market cap of $3,490.00, a P/E ratio of 12.54, a P/E/G ratio of 1.20 and a beta of 2.32. Trinseo has a 52-week low of $57.70 and a 52-week high of $80.35.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Monday, January 8th. This represents a $1.44 annualized dividend and a yield of 1.80%. Trinseo’s dividend payout ratio (DPR) is currently 22.57%.
In other Trinseo news, insider David Phillip Stasse sold 10,043 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total transaction of $714,760.31. Following the sale, the insider now directly owns 28,684 shares in the company, valued at approximately $2,041,440.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.26% of the company’s stock.
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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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