Zacks Investment Research Upgrades Trinseo (TSE) to “Hold”

Trinseo (NYSE:TSE) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks.com reports.

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. “

Other analysts have also recently issued research reports about the company. Deutsche Bank reduced their price objective on Trinseo from $58.00 to $55.00 and set a “buy” rating for the company in a research report on Wednesday, April 3rd. Alembic Global Advisors set a $75.00 price target on Trinseo and gave the stock a “buy” rating in a research report on Thursday, February 14th. ValuEngine upgraded Trinseo from a “strong sell” rating to a “sell” rating in a research report on Monday, April 1st. Finally, Citigroup set a $58.00 price target on Trinseo and gave the stock a “buy” rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $67.50.



Trinseo stock traded down $0.02 during mid-day trading on Wednesday, reaching $41.55. 4,304 shares of the stock traded hands, compared to its average volume of 334,414. The stock has a market cap of $1.67 billion, a PE ratio of 5.73, a price-to-earnings-growth ratio of 0.53 and a beta of 2.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.05 and a current ratio of 2.81. Trinseo has a 12-month low of $39.89 and a 12-month high of $82.18.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.09 billion. Trinseo had a return on equity of 30.47% and a net margin of 4.61%. Trinseo’s revenue for the quarter was down 9.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.76 earnings per share. As a group, sell-side analysts predict that Trinseo will post 6.48 EPS for the current fiscal year.

In other Trinseo news, insider Catherine C. Keenan sold 2,082 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $44.56, for a total value of $92,773.92. Following the completion of the sale, the insider now owns 10,079 shares in the company, valued at $449,120.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.00% of the company’s stock.

A number of institutional investors and hedge funds have recently modified their holdings of TSE. Prudential PLC increased its position in Trinseo by 32.6% in the fourth quarter. Prudential PLC now owns 6,574,844 shares of the basic materials company’s stock worth $300,996,000 after buying an additional 1,615,970 shares in the last quarter. Boston Partners boosted its stake in shares of Trinseo by 35.3% in the fourth quarter. Boston Partners now owns 4,252,360 shares of the basic materials company’s stock worth $194,673,000 after acquiring an additional 1,108,894 shares during the period. Norges Bank bought a new position in shares of Trinseo in the fourth quarter worth about $34,146,000. FMR LLC boosted its stake in shares of Trinseo by 151.9% in the fourth quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock worth $31,054,000 after acquiring an additional 409,062 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Trinseo by 22.8% in the first quarter. Dimensional Fund Advisors LP now owns 1,233,368 shares of the basic materials company’s stock worth $55,873,000 after acquiring an additional 228,665 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.

About Trinseo

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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