Barclays set a $40.00 price objective on Trinseo (NYSE:TSE) in a research note released on Monday morning, TipRanks reports. The brokerage currently has a hold rating on the basic materials company’s stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Trinseo from a hold rating to a strong sell rating in a report on Thursday, July 4th. Goldman Sachs Group cut Trinseo from a neutral rating to a sell rating in a report on Wednesday, July 17th. Citigroup downgraded Trinseo from a buy rating to a neutral rating and lowered their price objective for the company from $48.00 to $32.00 in a research report on Tuesday, August 13th. TheStreet lowered Trinseo from a b- rating to a c+ rating in a research note on Friday, May 17th. Finally, ValuEngine raised Trinseo from a hold rating to a buy rating in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $46.43.

Shares of TSE traded up $1.57 during mid-day trading on Monday, reaching $43.94. The stock had a trading volume of 729,655 shares, compared to its average volume of 443,948. The firm has a market cap of $1.59 billion, a price-to-earnings ratio of 6.06, a PEG ratio of 0.83 and a beta of 2.01. Trinseo has a 12 month low of $27.36 and a 12 month high of $82.18. The business has a fifty day moving average of $34.03 and a 200 day moving average of $41.12. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.04 and a current ratio of 2.83.

Trinseo (NYSE:TSE) last announced its quarterly earnings data on Thursday, August 8th. The basic materials company reported $0.99 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.63). The firm had revenue of $951.80 million during the quarter, compared to analysts’ expectations of $1.07 billion. Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The business’s revenue for the quarter was down 23.0% on a year-over-year basis. During the same period last year, the company earned $2.40 earnings per share. On average, research analysts forecast that Trinseo will post 3.96 EPS for the current fiscal year.

In related news, insider Frank A. Bozich bought 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 14th. The stock was purchased at an average price of $28.97 per share, for a total transaction of $434,550.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.80% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Prudential PLC lifted its stake in Trinseo by 7.4% in the 2nd quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock worth $325,832,000 after purchasing an additional 536,746 shares in the last quarter. LSV Asset Management increased its holdings in shares of Trinseo by 5.1% in the first quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock worth $111,898,000 after purchasing an additional 118,850 shares during the last quarter. Prudential Financial Inc. increased its holdings in shares of Trinseo by 124.0% in the second quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock worth $50,771,000 after purchasing an additional 663,792 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Trinseo by 7.1% in the second quarter. JPMorgan Chase & Co. now owns 1,147,764 shares of the basic materials company’s stock worth $48,195,000 after buying an additional 75,983 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Trinseo in the second quarter worth about $27,805,000. Institutional investors own 96.56% of the company’s stock.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia-Pacific, and internationally. The company operates through six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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