Trinseo (NYSE:TSE) had its price target lifted by Morgan Stanley from $14.00 to $20.00 in a research report sent to investors on Wednesday, AR Network reports. They currently have an underweight rating on the basic materials company’s stock.
A number of other equities research analysts also recently commented on TSE. Alembic Global Advisors upgraded shares of Trinseo from a neutral rating to an overweight rating and set a $40.00 price target for the company in a report on Monday, September 21st. ValuEngine upgraded shares of Trinseo from a buy rating to a strong-buy rating in a report on Tuesday, September 1st. Zacks Investment Research downgraded shares of Trinseo from a hold rating to a sell rating in a report on Thursday, October 1st. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Trinseo from $21.00 to $24.00 and gave the company a hold rating in a report on Monday, August 3rd. Finally, Jefferies Financial Group upgraded shares of Trinseo from a hold rating to a buy rating and boosted their target price for the company from $28.00 to $35.00 in a report on Tuesday, October 6th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus target price of $27.14.
Shares of NYSE TSE opened at $30.52 on Wednesday. The company has a market cap of $1.17 billion, a PE ratio of -8.48 and a beta of 1.95. Trinseo has a 12 month low of $14.16 and a 12 month high of $50.14. The company has a debt-to-equity ratio of 2.75, a current ratio of 3.08 and a quick ratio of 2.36. The company has a 50-day simple moving average of $26.95 and a 200-day simple moving average of $23.09.
Trinseo (NYSE:TSE) last issued its quarterly earnings results on Wednesday, July 29th. The basic materials company reported ($2.95) EPS for the quarter, missing analysts’ consensus estimates of ($2.54) by ($0.41). The firm had revenue of $569.70 million for the quarter, compared to analysts’ expectations of $599.45 million. Trinseo had a negative return on equity of 10.14% and a negative net margin of 4.22%. The business’s quarterly revenue was down 40.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.99 earnings per share. On average, analysts anticipate that Trinseo will post -1.71 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Thursday, October 8th will be given a dividend of $0.40 per share. The ex-dividend date is Wednesday, October 7th. This represents a $1.60 dividend on an annualized basis and a yield of 5.24%. Trinseo’s dividend payout ratio (DPR) is 51.12%.
In other Trinseo news, major shareholder M&G Investment Management Ltd sold 5,000 shares of Trinseo stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $27.22, for a total transaction of $136,100.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 2.20% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the business. State Street Corp lifted its position in Trinseo by 14.8% during the first quarter. State Street Corp now owns 1,429,587 shares of the basic materials company’s stock valued at $25,890,000 after buying an additional 184,599 shares in the last quarter. Towle & Co. lifted its position in Trinseo by 15.3% during the second quarter. Towle & Co. now owns 1,007,134 shares of the basic materials company’s stock valued at $22,318,000 after buying an additional 133,611 shares in the last quarter. Geode Capital Management LLC lifted its position in Trinseo by 1.8% during the first quarter. Geode Capital Management LLC now owns 556,314 shares of the basic materials company’s stock valued at $10,074,000 after buying an additional 9,831 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Trinseo by 2.4% during the second quarter. Bank of New York Mellon Corp now owns 478,086 shares of the basic materials company’s stock worth $10,595,000 after purchasing an additional 11,362 shares in the last quarter. Finally, State of Wisconsin Investment Board lifted its position in shares of Trinseo by 93.1% during the second quarter. State of Wisconsin Investment Board now owns 254,750 shares of the basic materials company’s stock worth $5,645,000 after purchasing an additional 122,850 shares in the last quarter. 98.61% 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 the United States, Europe, 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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