Trinseo S.A. (TSE) Upgraded by Zacks Investment Research to Buy
Zacks Investment Research upgraded shares of Trinseo S.A. (NYSE:TSE) from a hold rating to a buy rating in a report released on Thursday. The firm currently has $80.00 price objective on the basic materials company’s stock.
According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
A number of other analysts have also recently commented on TSE. Citigroup Inc. upped their price objective on shares of Trinseo from $67.00 to $70.00 and gave the company a neutral rating in a research report on Wednesday, July 12th. BidaskClub cut shares of Trinseo from a buy rating to a hold rating in a research report on Tuesday, July 25th. 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 report on Friday, August 4th. Deutsche Bank AG restated a buy rating and issued a $74.00 price objective (up previously from $72.00) on shares of Trinseo in a research report on Wednesday, August 9th. Finally, ValuEngine cut shares of Trinseo from a strong-buy rating to a buy rating in a research report on Monday, August 14th. Three equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Trinseo currently has a consensus rating of Buy and a consensus target price of $77.00.
Shares of Trinseo (NYSE TSE) opened at $70.90 on Thursday. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78. Trinseo has a 1 year low of $50.70 and a 1 year high of $73.40. The company has a market cap of $3,098.66, a price-to-earnings ratio of 9.24, a P/E/G ratio of 1.17 and a beta of 2.36.
Trinseo (NYSE:TSE) last released its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the prior year, the company earned $1.70 EPS. Trinseo’s quarterly revenue was up 17.2% on a year-over-year basis. research analysts expect that Trinseo will post 7.61 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which was paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Friday, October 6th. Trinseo’s dividend payout ratio (DPR) is presently 22.54%.
In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the transaction, the insider now owns 265,240 shares in the company, valued at approximately $18,168,940. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Timothy M. Stedman sold 5,399 shares of the stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $67.38, for a total value of $363,784.62. Following the transaction, the insider now owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 35,399 shares of company stock valued at $2,401,335. Corporate insiders own 0.26% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Daiwa Securities Group Inc. acquired a new position in shares of Trinseo during the 2nd quarter worth about $103,000. Canada Pension Plan Investment Board acquired a new position in shares of Trinseo during the 3rd quarter worth about $161,000. Royal Bank of Canada boosted its stake in shares of Trinseo by 47.7% during the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after buying an additional 843 shares during the last quarter. Citigroup Inc. boosted its stake in shares of Trinseo by 10.7% during the 2nd quarter. Citigroup Inc. now owns 2,698 shares of the basic materials company’s stock worth $185,000 after buying an additional 260 shares during the last quarter. Finally, C M Bidwell & Associates Ltd. boosted its stake in shares of Trinseo by 57.9% during the 2nd quarter. C M Bidwell & Associates Ltd. now owns 2,905 shares of the basic materials company’s stock worth $200,000 after buying an additional 1,065 shares during the last quarter. Institutional investors own 94.90% of the company’s stock.
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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