Trinseo (NYSE:TSE) Rating Reiterated by Alembic Global Advisors

Trinseo (NYSE:TSE)‘s stock had its “buy” rating reiterated by investment analysts at Alembic Global Advisors in a research note issued to investors on Monday, Price Targets.com reports. They currently have a $70.00 target price on the basic materials company’s stock. Alembic Global Advisors’ price target would indicate a potential upside of 47.18% from the company’s previous close.

TSE has been the topic of several other reports. Morgan Stanley initiated coverage on shares of Trinseo in a report on Wednesday, May 26th. They issued an “equal weight” rating on the stock. Zacks Investment Research lowered shares of Trinseo from a “buy” rating to a “sell” rating in a report on Thursday, August 12th. Tudor Pickering raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, July 21st. TD Securities raised shares of Trinseo from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a report on Wednesday, July 21st. Finally, Citigroup cut their price target on shares of Trinseo from $64.00 to $57.00 and set a “neutral” rating on the stock in a report on Friday, August 6th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Trinseo presently has a consensus rating of “Hold” and a consensus target price of $57.67.

Shares of TSE stock opened at $47.56 on Monday. The firm has a market cap of $1.85 billion, a price-to-earnings ratio of 4.71 and a beta of 1.60. The company’s 50 day moving average is $51.77 and its 200 day moving average is $60.12. The company has a quick ratio of 1.90, a current ratio of 2.59 and a debt-to-equity ratio of 2.78. Trinseo has a 52-week low of $24.68 and a 52-week high of $76.49.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Wednesday, August 4th. The basic materials company reported $3.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.84 by $0.86. The company had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. Trinseo had a net margin of 9.94% and a return on equity of 69.20%. Trinseo’s revenue was up 138.4% compared to the same quarter last year. During the same period last year, the company posted ($2.95) earnings per share. Analysts anticipate that Trinseo will post 10.9 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. lifted its position in Trinseo by 4.3% during the first quarter. BlackRock Inc. now owns 6,771,870 shares of the basic materials company’s stock valued at $431,167,000 after purchasing an additional 278,347 shares during the period. Vanguard Group Inc. lifted its position in Trinseo by 14.3% during the second quarter. Vanguard Group Inc. now owns 1,806,707 shares of the basic materials company’s stock valued at $108,114,000 after purchasing an additional 225,967 shares during the period. Dimensional Fund Advisors LP lifted its position in Trinseo by 3.2% during the first quarter. Dimensional Fund Advisors LP now owns 1,507,220 shares of the basic materials company’s stock valued at $95,965,000 after purchasing an additional 46,856 shares during the period. State Street Corp lifted its position in Trinseo by 2.7% during the second quarter. State Street Corp now owns 1,346,674 shares of the basic materials company’s stock valued at $80,585,000 after purchasing an additional 35,832 shares during the period. Finally, Fuller & Thaler Asset Management Inc. lifted its position in Trinseo by 5.9% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 1,130,856 shares of the basic materials company’s stock valued at $67,670,000 after purchasing an additional 63,104 shares during the period. Institutional investors own 91.84% of the company’s stock.

About Trinseo

Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstock’s, Americas Styrene’s, and Corporate. The Latex Binders segment produces styrene-butadiene latex and other latex polymers and binders, primarily for coated paper and packaging board, carpet and artificial turf backings.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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