Barclays PLC Lowers Trinseo S.A. (TSE) Price Target to $73.00

Trinseo S.A. (NYSE:TSE) had its target price decreased by Barclays PLC from $75.00 to $73.00 in a research report report published on Friday morning. Barclays PLC currently has an equal weight rating on the basic materials company’s stock.

Several other research firms have also issued reports on TSE. Zacks Investment Research lowered shares of Trinseo from a strong-buy rating to a hold rating in a research report on Wednesday, April 19th. Jefferies Group LLC restated a buy rating and set a $82.00 price target on shares of Trinseo in a research report on Friday, June 16th. BidaskClub upgraded shares of Trinseo from a hold rating to a buy rating in a research report on Wednesday, July 5th. Finally, Citigroup Inc. upped their price target on shares of Trinseo from $67.00 to $70.00 and gave the company a neutral rating in a research report on Wednesday, July 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The company has an average rating of Buy and a consensus price target of $76.75.

Shares of Trinseo (NYSE:TSE) traded down 1.60% during midday trading on Friday, hitting $64.45. The company’s stock had a trading volume of 1,414,045 shares. Trinseo has a 52-week low of $44.70 and a 52-week high of $72.60. The firm has a market cap of $2.83 billion, a P/E ratio of 9.13 and a beta of 2.38. The stock’s 50 day moving average is $68.23 and its 200-day moving average is $67.12.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by $0.41. Trinseo had a return on equity of 70.37% and a net margin of 7.88%. The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the firm posted $2.30 earnings per share. The firm’s revenue was up 18.0% on a year-over-year basis. Equities analysts predict that Trinseo will post $7.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 25th. Shareholders of record on Tuesday, July 11th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 2.23%. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. The ex-dividend date was Friday, July 7th. Trinseo’s dividend payout ratio is presently 20.34%.

Trinseo declared that its Board of Directors has approved a stock 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 purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s management believes its stock is undervalued.

In other news, insider Christopher D. Pappas sold 20,000 shares of the company’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $67.24, for a total transaction of $1,344,800.00. Following the completion of the transaction, the insider now directly owns 260,240 shares of the company’s stock, valued at $17,498,537.60. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Wednesday, July 5th. The shares were sold at an average price of $69.49, for a total transaction of $1,737,250.00. Following the transaction, the insider now directly owns 265,240 shares of the company’s stock, valued at $18,431,527.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 90,000 shares of company stock valued at $6,138,050. Insiders own 0.65% of the company’s stock.

Several institutional investors have recently modified their holdings of TSE. BlackRock Inc. raised its position in shares of Trinseo by 80,972.2% in the first quarter. BlackRock Inc. now owns 2,152,468 shares of the basic materials company’s stock valued at $144,430,000 after buying an additional 2,149,813 shares in the last quarter. Renaissance Technologies LLC raised its position in Trinseo by 19.2% in the first quarter. Renaissance Technologies LLC now owns 1,956,900 shares of the basic materials company’s stock valued at $131,308,000 after buying an additional 315,500 shares during the period. Alliancebernstein L.P. raised its position in Trinseo by 1,244.1% in the first quarter. Alliancebernstein L.P. now owns 1,746,047 shares of the basic materials company’s stock valued at $117,160,000 after buying an additional 1,616,145 shares during the period. LSV Asset Management raised its position in Trinseo by 70.8% in the first quarter. LSV Asset Management now owns 1,182,020 shares of the basic materials company’s stock valued at $79,313,000 after buying an additional 490,164 shares during the period. Finally, Macquarie Group Ltd. raised its position in Trinseo by 20.6% in the first quarter. Macquarie Group Ltd. now owns 1,124,204 shares of the basic materials company’s stock valued at $75,434,000 after buying an additional 191,822 shares during the period.

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.