Trinseo S.A. (NYSE:TSE) was downgraded by investment analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.
Several other research analysts have also recently weighed in on TSE. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “strong-buy” rating and set a $82.00 price target for the company in a research note on Friday. Citigroup Inc. boosted their price target on Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $82.00 price target on shares of Trinseo in a research note on Thursday, March 30th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. Trinseo presently has an average rating of “Buy” and an average target price of $69.40.
Shares of Trinseo (TSE) traded up 0.43% during midday trading on Tuesday, hitting $69.80. The stock had a trading volume of 379,646 shares. Trinseo has a 12 month low of $44.70 and a 12 month high of $72.60. The stock has a market cap of $3.07 billion, a PE ratio of 9.05 and a beta of 2.40. The stock’s 50-day moving average is $67.59 and its 200-day moving average is $66.76.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Tuesday, May 2nd. The basic materials company reported $2.42 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.27 by $0.15. Trinseo had a return on equity of 80.69% and a net margin of 9.14%. The firm had revenue of $1.10 billion during the quarter. Equities analysts anticipate that Trinseo will post $7.63 EPS for the current year.
Trinseo announced that its board has approved a share repurchase plan on Thursday, June 22nd that permits the company to buyback 2,000,000 shares. This buyback authorization permits the basic materials company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board believes its shares are undervalued.
In related news, insider Christopher D. Pappas sold 20,000 shares of the company’s stock in a transaction on Tuesday, June 13th. The stock was sold at an average price of $67.24, for a total transaction of $1,344,800.00. Following the completion of the sale, the insider now owns 260,240 shares in the company, valued at $17,498,537.60. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $69.49, for a total value of $1,737,250.00. Following the sale, the insider now owns 265,240 shares of the company’s stock, valued at approximately $18,431,527.60. The disclosure for this sale can be found here. In the last quarter, insiders have sold 80,000 shares of company stock valued at $5,356,250. 0.65% of the stock is owned by company insiders.
A number of hedge funds have recently bought and sold shares of the stock. Breton Hill Capital Ltd. boosted its stake in Trinseo by 83.4% in the first quarter. Breton Hill Capital Ltd. now owns 31,150 shares of the basic materials company’s stock worth $2,090,000 after buying an additional 14,169 shares during the period. Janney Montgomery Scott LLC purchased a new stake in Trinseo during the first quarter worth approximately $402,000. First Mercantile Trust Co. purchased a new stake in Trinseo during the first quarter worth approximately $315,000. Acadian Asset Management LLC boosted its stake in Trinseo by 1,708.1% in the first quarter. Acadian Asset Management LLC now owns 9,800 shares of the basic materials company’s stock worth $657,000 after buying an additional 9,258 shares during the period. Finally, James Investment Research Inc. purchased a new stake in Trinseo during the first quarter worth approximately $2,068,000.
Trinseo Company Profile
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.
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