Trinseo (NYSE:TSE) Cut to Hold at Deutsche Bank

Deutsche Bank lowered shares of Trinseo (NYSE:TSE) from a buy rating to a hold rating in a report issued on Tuesday, Benzinga reports. They currently have $38.00 price objective on the basic materials company’s stock, down from their previous price objective of $52.00.

A number of other analysts also recently weighed in on the stock. Citigroup downgraded shares of Trinseo from a neutral rating to a sell rating and upped their target price for the stock from $32.00 to $35.00 in a research report on Wednesday, October 9th. Zacks Investment Research cut shares of Trinseo from a hold rating to a strong sell rating in a research report on Friday, January 10th. Tudor Pickering cut shares of Trinseo from a hold rating to a sell rating in a research report on Thursday, November 14th. Finally, ValuEngine lowered shares of Trinseo from a strong-buy rating to a buy rating in a research note on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $44.00.

NYSE:TSE traded down $0.63 during trading hours on Tuesday, hitting $34.25. The company had a trading volume of 2,777 shares, compared to its average volume of 382,555. The company has a market capitalization of $1.36 billion, a PE ratio of 4.73, a price-to-earnings-growth ratio of 0.69 and a beta of 1.92. The stock has a 50-day moving average price of $36.41 and a 200 day moving average price of $38.60. Trinseo has a 52 week low of $27.36 and a 52 week high of $52.34. The company has a debt-to-equity ratio of 1.70, a current ratio of 2.89 and a quick ratio of 2.06.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.73 by ($0.06). The company had revenue of $922.10 million during the quarter, compared to the consensus estimate of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. The business’s revenue was down 23.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.83 EPS. Analysts anticipate that Trinseo will post 3.21 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 4.67%. The ex-dividend date is Wednesday, January 8th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.

In other Trinseo news, insider Angelo N. Chaclas sold 1,498 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $38.07, for a total transaction of $57,028.86. Following the completion of the sale, the insider now directly owns 20,830 shares in the company, valued at approximately $792,998.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Christopher D. Pappas sold 8,000 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.70, for a total transaction of $301,600.00. Following the sale, the director now owns 218,089 shares of the company’s stock, valued at $8,221,955.30. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Barclays PLC increased its holdings in shares of Trinseo by 12.1% in the 3rd quarter. Barclays PLC now owns 45,526 shares of the basic materials company’s stock worth $1,956,000 after purchasing an additional 4,924 shares in the last quarter. Point72 Asset Management L.P. boosted its holdings in Trinseo by 1,139.4% in the third quarter. Point72 Asset Management L.P. now owns 12,394 shares of the basic materials company’s stock worth $532,000 after purchasing an additional 11,394 shares during the last quarter. State Street Corp boosted its holdings in Trinseo by 35.5% in the third quarter. State Street Corp now owns 1,212,248 shares of the basic materials company’s stock worth $52,066,000 after purchasing an additional 317,271 shares during the last quarter. Systematic Financial Management LP grew its position in Trinseo by 29.8% in the 3rd quarter. Systematic Financial Management LP now owns 392,459 shares of the basic materials company’s stock worth $16,856,000 after purchasing an additional 90,068 shares during the period. Finally, Mason Street Advisors LLC bought a new stake in Trinseo in the 3rd quarter worth approximately $586,000. Hedge funds and other institutional investors own 95.09% 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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