Trinseo S.A. (NYSE:TSE)‘s stock had its “buy” rating reissued by Jefferies Group LLC in a research note issued on Friday. They presently have a $82.00 price objective on the basic materials company’s stock. Jefferies Group LLC’s price objective would indicate a potential upside of 17.90% from the stock’s current price.

A number of other analysts have also weighed in on TSE. ValuEngine lowered shares of Trinseo from a “strong-buy” rating to a “buy” rating in a research note on Monday, August 14th. Zacks Investment Research lowered shares of Trinseo from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Barclays PLC lowered their price objective on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research note on Friday, August 4th. BidaskClub lowered shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. Finally, Citigroup Inc. lowered their price objective on shares of Trinseo from $70.00 to $68.00 and set a “neutral” rating for the company in a research note on Monday, August 7th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Trinseo currently has an average rating of “Buy” and a consensus target price of $75.80.

Shares of Trinseo (TSE) opened at 69.55 on Friday. The stock has a market capitalization of $3.04 billion, a PE ratio of 9.85 and a beta of 2.37. The stock has a 50 day moving average of $66.57 and a 200 day moving average of $66.11. Trinseo has a 52-week low of $44.70 and a 52-week high of $72.60.

Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.41). The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a net margin of 7.88% and a return on equity of 67.05%. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.30 earnings per share. Analysts forecast that Trinseo will post $6.75 earnings per share for the current year.

Trinseo announced that its board has approved a stock buyback 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 typically an indication that the company’s board believes its stock is undervalued.

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In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $67.38, for a total transaction of $363,784.62. Following the completion of the sale, the insider now directly owns 18,298 shares of the company’s stock, valued at $1,232,919.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the sale, the insider now directly owns 265,240 shares of the company’s stock, valued at $18,842,649.60. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,399 shares of company stock valued at $4,177,335. Insiders own 0.65% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the business. National Asset Management Inc. lifted its position in shares of Trinseo by 9.1% during the second quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock valued at $265,000 after buying an additional 323 shares during the last quarter. Ameritas Investment Partners Inc. lifted its position in shares of Trinseo by 69.3% during the second quarter. Ameritas Investment Partners Inc. now owns 3,898 shares of the basic materials company’s stock valued at $268,000 after buying an additional 1,596 shares during the last quarter. California State Teachers Retirement System lifted its position in shares of Trinseo by 46.7% during the second quarter. California State Teachers Retirement System now owns 78,630 shares of the basic materials company’s stock valued at $5,402,000 after buying an additional 25,049 shares during the last quarter. TVR Capital Management LP purchased a new stake in shares of Trinseo during the second quarter valued at about $2,728,000. Finally, The Manufacturers Life Insurance Company lifted its position in shares of Trinseo by 61.0% during the second quarter. The Manufacturers Life Insurance Company now owns 34,089 shares of the basic materials company’s stock valued at $2,342,000 after buying an additional 12,917 shares during the last quarter. 97.81% of the stock is owned by institutional investors and hedge funds.

About Trinseo

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.

Analyst Recommendations for Trinseo (NYSE:TSE)

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