ValuEngine upgraded shares of Trinseo (NYSE:TSE) from a buy rating to a strong-buy rating in a research report report published on Sunday.
Other research analysts also recently issued reports about the stock. Alembic Global Advisors reissued a buy rating on shares of Trinseo in a research note on Tuesday, September 5th. Jefferies Group lifted their price target on shares of Trinseo from $82.00 to $85.00 and gave the stock a buy rating in a research note on Monday, November 6th. Zacks Investment Research raised shares of Trinseo from a hold rating to a buy rating and set a $80.00 price target on the stock in a research note on Thursday, November 9th. Finally, Barclays lifted their price target on shares of Trinseo from $73.00 to $78.00 and gave the stock an equal weight rating in a research note on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $77.00.
Trinseo (TSE) traded up $2.10 during mid-day trading on Friday, hitting $75.35. 425,591 shares of the company’s stock traded hands, compared to its average volume of 339,030. The stock has a market capitalization of $3,205.74, a P/E ratio of 11.79, a PEG ratio of 1.12 and a beta of 2.33. Trinseo has a 52-week low of $57.70 and a 52-week high of $75.70. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.04). The business had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The company’s revenue was up 17.2% compared to the same quarter last year. During the same period last year, the business posted $1.70 earnings per share. equities analysts forecast that Trinseo will post 7.64 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 23rd. Stockholders of record on Tuesday, January 9th will be issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Monday, January 8th. Trinseo’s dividend payout ratio is 22.54%.
In other news, insider David Phillip Stasse sold 10,043 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the transaction, the insider now owns 28,684 shares in the company, valued at $2,041,440.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.26% of the stock is currently owned by company insiders.
Several institutional investors have recently modified their holdings of the company. Prudential PLC grew its holdings in shares of Trinseo by 105.0% in the second quarter. Prudential PLC now owns 2,951,277 shares of the basic materials company’s stock worth $202,753,000 after purchasing an additional 1,511,738 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Trinseo by 35.5% in the second quarter. BlackRock Inc. now owns 2,917,369 shares of the basic materials company’s stock worth $200,423,000 after purchasing an additional 764,901 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Trinseo by 3.0% in the second quarter. Vanguard Group Inc. now owns 2,267,174 shares of the basic materials company’s stock worth $155,754,000 after purchasing an additional 65,208 shares during the last quarter. Alliancebernstein L.P. grew its holdings in shares of Trinseo by 6.0% in the second quarter. Alliancebernstein L.P. now owns 1,849,959 shares of the basic materials company’s stock worth $127,092,000 after purchasing an additional 103,912 shares during the last quarter. Finally, LSV Asset Management grew its holdings in shares of Trinseo by 24.9% in the second quarter. LSV Asset Management now owns 1,476,620 shares of the basic materials company’s stock worth $101,443,000 after purchasing an additional 294,600 shares during the last quarter. Hedge funds and other institutional investors own 96.86% of the company’s stock.
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Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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