Zacks Investment Research Upgrades Trinseo (NYSE:TSE) to Hold

Trinseo (NYSE:TSE) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued on Tuesday, 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 research analysts also recently issued reports about the company. Goldman Sachs Group downgraded Trinseo from a “neutral” rating to a “sell” rating in a report on Wednesday, July 17th. ValuEngine raised Trinseo from a “buy” rating to a “strong-buy” rating in a report on Wednesday, October 2nd. Citigroup downgraded Trinseo from a “neutral” rating to a “sell” rating and lifted their target price for the stock from $32.00 to $35.00 in a report on Wednesday, October 9th. Deutsche Bank boosted their price objective on Trinseo from $38.00 to $50.00 and gave the company a “buy” rating in a research note on Thursday, September 26th. Finally, Morgan Stanley dropped their price objective on Trinseo from $49.00 to $32.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 14th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Trinseo presently has a consensus rating of “Hold” and a consensus target price of $48.57.

Shares of TSE opened at $42.54 on Tuesday. The company has a market capitalization of $1.74 billion, a PE ratio of 5.87, a PEG ratio of 0.94 and a beta of 1.97. Trinseo has a 12 month low of $27.36 and a 12 month high of $61.59. The stock’s 50-day moving average price is $40.37 and its two-hundred day moving average price is $40.19. The company has a current ratio of 2.83, a quick ratio of 2.04 and a debt-to-equity ratio of 1.63.

Trinseo (NYSE:TSE) last announced its earnings results on Thursday, August 8th. The basic materials company reported $0.99 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.62 by ($0.63). The company had revenue of $951.80 million for the quarter, compared to analyst estimates of $1.07 billion. Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The firm’s quarterly revenue was down 23.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.40 earnings per share. Equities research analysts predict that Trinseo will post 3.74 EPS for the current fiscal year.

In other Trinseo news, insider Frank A. Bozich acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, August 14th. The shares were bought at an average cost of $28.97 per share, with a total value of $434,550.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.80% of the stock is owned by insiders.

Several large investors have recently made changes to their positions in the company. Aperio Group LLC lifted its stake in shares of Trinseo by 3.1% in the 2nd quarter. Aperio Group LLC now owns 13,515 shares of the basic materials company’s stock valued at $572,000 after purchasing an additional 411 shares during the period. Cerebellum GP LLC bought a new stake in Trinseo in the 3rd quarter valued at about $36,000. Comerica Bank increased its position in Trinseo by 10.9% in the 2nd quarter. Comerica Bank now owns 8,856 shares of the basic materials company’s stock valued at $327,000 after buying an additional 870 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in Trinseo in the 2nd quarter valued at about $42,000. Finally, Nordea Investment Management AB increased its position in Trinseo by 1.3% in the 1st quarter. Nordea Investment Management AB now owns 87,494 shares of the basic materials company’s stock valued at $3,963,000 after buying an additional 1,154 shares in the last quarter. 96.66% of the stock is currently owned by 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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