Trinseo (NYSE:TSE) Upgraded to “Sell” by ValuEngine

ValuEngine upgraded shares of Trinseo (NYSE:TSE) from a strong sell rating to a sell rating in a report issued on Wednesday, ValuEngine reports.

A number of other research analysts have also weighed in on TSE. Zacks Investment Research lowered Trinseo from a hold rating to a strong sell rating in a report on Saturday, April 6th. Deutsche Bank reduced their price target on Trinseo from $58.00 to $55.00 and set a buy rating on the stock in a report on Wednesday, April 3rd. TheStreet lowered shares of Trinseo from a b- rating to a c+ rating in a report on Friday, May 17th. Alembic Global Advisors set a $75.00 price objective on shares of Trinseo and gave the company a buy rating in a report on Thursday, February 14th. Finally, Citigroup set a $58.00 target price on Trinseo and gave the company a buy rating in a research report on Friday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $67.50.

Trinseo stock opened at $40.58 on Wednesday. Trinseo has a 1 year low of $36.65 and a 1 year high of $82.18. The firm has a market capitalization of $1.61 billion, a P/E ratio of 5.60, a P/E/G ratio of 0.50 and a beta of 2.09. 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 (NYSE:TSE) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.07 by $0.02. Trinseo had a net margin of 4.61% and a return on equity of 30.47%. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.09 billion. During the same quarter last year, the company earned $2.76 EPS. The firm’s revenue for the quarter was down 9.7% compared to the same quarter last year. As a group, analysts forecast that Trinseo will post 6.51 EPS for the current year.

In related news, insider Catherine C. Keenan sold 5,050 shares of the company’s stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $38.41, for a total transaction of $193,970.50. Following the transaction, the insider now owns 15,901 shares of the company’s stock, valued at $610,757.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine C. Keenan sold 12,264 shares of the company’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.17, for a total value of $468,116.88. Following the transaction, the insider now directly owns 15,901 shares in the company, valued at approximately $606,941.17. The disclosure for this sale can be found here. Insiders have sold 19,396 shares of company stock worth $754,861 in the last ninety days. 1.00% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently made changes to their positions in the stock. NumerixS Investment Technologies Inc acquired a new stake in Trinseo in the first quarter valued at $40,000. Pearl River Capital LLC acquired a new stake in Trinseo in the fourth quarter valued at $52,000. Ramsey Quantitative Systems acquired a new stake in Trinseo in the fourth quarter valued at $162,000. Nisa Investment Advisors LLC grew its holdings in Trinseo by 1,777.8% in the first quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 4,000 shares during the last quarter. Finally, First Midwest Bank Trust Division acquired a new stake in Trinseo in the first quarter valued at $249,000. 97.06% of the stock is currently owned by hedge funds and other institutional investors.

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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