Trinseo S.A. (NYSE:TSE) has earned an average rating of “Hold” from the eleven research firms that are currently covering the company, Marketbeat reports. Three investment analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $47.83.
A number of brokerages have recently weighed in on TSE. Tudor Pickering downgraded shares of Trinseo from a “hold” rating to a “sell” rating in a report on Thursday, November 14th. ValuEngine downgraded shares of Trinseo from a “strong-buy” rating to a “buy” rating in a report on Thursday, November 14th. Barclays set a $40.00 price target on shares of Trinseo and gave the stock a “hold” rating in a report on Monday, September 9th. Zacks Investment Research raised shares of Trinseo from a “sell” rating to a “hold” rating in a report on Saturday, November 9th. Finally, Morgan Stanley cut their price target on shares of Trinseo from $49.00 to $32.00 and set an “equal weight” rating for the company in a report on Wednesday, August 14th.
Shares of Trinseo stock traded down $0.06 on Wednesday, reaching $35.81. 318,400 shares of the stock were exchanged, compared to its average volume of 445,491. The firm’s 50 day moving average is $42.41 and its 200-day moving average is $39.35. Trinseo has a one year low of $27.36 and a one year high of $52.34. The company has a debt-to-equity ratio of 1.70, a quick ratio of 2.06 and a current ratio of 2.89. The firm has a market cap of $1.49 billion, a PE ratio of 4.94, a P/E/G ratio of 0.99 and a beta of 1.93.
Trinseo (NYSE:TSE) last issued its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). Trinseo had a return on equity of 16.55% and a net margin of 2.16%. The firm had revenue of $922.10 million for the quarter, compared to the consensus estimate of $1.02 billion. During the same period last year, the company posted $1.83 EPS. The business’s revenue was down 23.1% on a year-over-year basis. On average, equities research analysts expect that Trinseo will post 3.21 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, January 9th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 4.47%. The ex-dividend date of this dividend is Wednesday, January 8th. Trinseo’s payout ratio is 22.07%.
A number of large investors have recently modified their holdings of TSE. Versant Capital Management Inc bought a new position in Trinseo in the 3rd quarter valued at approximately $25,000. Robeco Institutional Asset Management B.V. bought a new position in Trinseo in the 3rd quarter valued at approximately $33,000. Cerebellum GP LLC bought a new position in Trinseo in the 3rd quarter valued at approximately $36,000. Point72 Asset Management L.P. bought a new position in Trinseo in the 2nd quarter valued at approximately $42,000. Finally, LS Investment Advisors LLC bought a new position in Trinseo in the 3rd quarter valued at approximately $51,000. 95.09% of the stock is owned by institutional investors and hedge funds.
Trinseo Company Profile
Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, 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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