Deutsche Bank Lowers Trinseo (NYSE:TSE) to Hold

Trinseo (NYSE:TSE) was downgraded by research analysts at Deutsche Bank from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a $38.00 target price on the basic materials company’s stock, down from their previous target price of $52.00. Deutsche Bank’s price target would indicate a potential upside of 9.26% from the stock’s previous close.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research downgraded shares of Trinseo from a “hold” rating to a “strong sell” rating in a research note on Friday, January 10th. ValuEngine downgraded shares of Trinseo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, November 14th. Citigroup cut shares of Trinseo from a “neutral” rating to a “sell” rating and boosted their price objective for the company from $32.00 to $35.00 in a research report on Wednesday, October 9th. Finally, Tudor Pickering cut shares of Trinseo from a “hold” rating to a “sell” rating in a research report on Thursday, November 14th. Four equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $44.00.

Trinseo stock opened at $34.78 on Tuesday. The company has a market cap of $1.31 billion, a price-to-earnings ratio of 4.80, a PEG ratio of 0.67 and a beta of 1.92. The firm’s fifty day moving average is $36.49 and its 200 day moving average is $38.64. The company has a quick ratio of 2.06, a current ratio of 2.89 and a debt-to-equity ratio of 1.70. Trinseo has a 52-week low of $27.36 and a 52-week high of $52.34.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Monday, November 4th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.73 by ($0.06). The business had revenue of $922.10 million for the quarter, compared to analysts’ expectations of $1.02 billion. Trinseo had a net margin of 2.16% and a return on equity of 16.55%. Trinseo’s revenue for the quarter was down 23.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.83 EPS. On average, equities research analysts anticipate that Trinseo will post 3.21 earnings per share for the current fiscal year.

In other Trinseo news, insider Angelo N. Chaclas sold 1,498 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $38.07, for a total transaction of $57,028.86. Following the completion of the sale, the insider now directly owns 20,830 shares of the company’s stock, valued at $792,998.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christopher D. Pappas sold 8,000 shares of the stock in a transaction dated Thursday, December 12th. The shares were sold at an average price of $37.70, for a total transaction of $301,600.00. Following the sale, the director now directly owns 218,089 shares of the company’s stock, valued at $8,221,955.30. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Versant Capital Management Inc purchased a new position in shares of Trinseo in the 3rd quarter valued at approximately $25,000. Robeco Institutional Asset Management B.V. purchased a new position in shares of Trinseo in the 3rd quarter valued at approximately $33,000. Cerebellum GP LLC purchased a new position in shares of Trinseo in the 3rd quarter valued at approximately $36,000. Point72 Asset Management L.P. purchased a new position in shares of Trinseo in the 2nd quarter valued at approximately $42,000. Finally, LS Investment Advisors LLC purchased a new position in shares of Trinseo in the 3rd quarter valued at approximately $51,000. 95.09% of the stock is 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 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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Analyst Recommendations for Trinseo (NYSE:TSE)

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