Deutsche Bank AG Reiterates “Buy” Rating for Trinseo S.A. (TSE)

Deutsche Bank AG reiterated their buy rating on shares of Trinseo S.A. (NYSE:TSE) in a report published on Wednesday. They currently have a $74.00 price objective on the basic materials company’s stock, up from their previous price objective of $72.00.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Trinseo from a buy rating to a hold rating in a research report on Tuesday. Citigroup Inc. lowered their target price on Trinseo from $70.00 to $68.00 and set a neutral rating for the company in a research report on Monday, August 7th. Barclays PLC lowered their target price on Trinseo from $75.00 to $73.00 and set an equal weight rating for the company in a research report on Friday, August 4th. BidaskClub lowered Trinseo from a hold rating to a sell rating in a research report on Monday, July 31st. Finally, Jefferies Group LLC reaffirmed a buy rating and set a $82.00 target price on shares of Trinseo in a research report on Friday, June 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $75.80.

Shares of Trinseo (TSE) traded up 1.02% during mid-day trading on Wednesday, reaching $59.35. The company had a trading volume of 840,051 shares. The stock has a market capitalization of $2.60 billion, a P/E ratio of 8.41 and a beta of 2.38. The firm’s 50 day moving average is $67.61 and its 200-day moving average is $67.04. Trinseo has a 12-month low of $44.70 and a 12-month high of $72.60.

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 Thomson Reuters’ consensus estimate of $1.80 by $0.41. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The firm’s revenue for the quarter was up 18.0% on a year-over-year basis. During the same period in the prior year, the business earned $2.30 earnings per share. On average, analysts expect that Trinseo will post $6.79 earnings per share for the current fiscal year.

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Trinseo declared that its board has authorized a stock buyback program on Thursday, June 22nd that allows the company to repurchase 2,000,000 shares. This repurchase authorization allows the basic materials company to purchase shares of its stock through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 25th. Stockholders of record on Tuesday, July 11th were given a $0.36 dividend. The ex-dividend date of this dividend was Friday, July 7th. This is a positive change from Trinseo’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a dividend yield of 2.43%. Trinseo’s dividend payout ratio (DPR) is 20.34%.

In other news, insider Christopher D. Pappas sold 25,000 shares of Trinseo stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the completion of the transaction, the insider now directly owns 265,240 shares of the company’s stock, valued at approximately $18,842,649.60. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Christopher D. Pappas sold 20,000 shares of Trinseo stock in a transaction dated Tuesday, June 13th. The stock was sold at an average price of $67.24, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders sold 90,000 shares of company stock valued at $6,138,050. Corporate insiders own 0.65% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in Trinseo during the second quarter valued at $103,000. Ameritas Investment Partners Inc. acquired a new position in Trinseo during the first quarter valued at $154,000. Citigroup Inc. raised its position in Trinseo by 10.7% in the second quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock valued at $185,000 after buying an additional 260 shares during the period. Ronald Blue & Co. LLC acquired a new position in Trinseo during the first quarter valued at $205,000. Finally, Quantitative Systematic Strategies LLC acquired a new position in Trinseo during the first quarter valued at $208,000.

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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