Trinseo (TSE) Stock Rating Lowered by Zacks Investment Research

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Trinseo (NYSE:TSE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

Several other equities research analysts have also commented on TSE. ValuEngine lowered shares of Trinseo from a “sell” rating to a “strong sell” rating in a research report on Thursday. MED reaffirmed a “buy” rating and set a $90.00 price target on shares of Trinseo in a research report on Thursday, August 2nd. Finally, Citigroup reduced their price target on shares of Trinseo from $80.00 to $76.00 and set a “neutral” rating for the company in a research report on Wednesday. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have given a buy rating to the stock. Trinseo presently has an average rating of “Hold” and an average price target of $85.57.

Shares of NYSE:TSE opened at $61.49 on Thursday. Trinseo has a fifty-two week low of $58.26 and a fifty-two week high of $85.35. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 1.45. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.70 and a beta of 2.21.

Trinseo (NYSE:TSE) last issued its earnings results on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.18 by $0.22. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the previous year, the firm earned $1.39 EPS. Trinseo’s revenue was up 8.0% on a year-over-year basis. Sell-side analysts forecast that Trinseo will post 9.31 earnings per share for the current year.

In other news, insider Catherine C. Keenan sold 1,643 shares of the company’s stock in a transaction dated Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total transaction of $128,071.85. Following the completion of the sale, the insider now owns 6,534 shares of the company’s stock, valued at approximately $509,325.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.00% of the stock is owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. NorthCoast Asset Management LLC bought a new position in shares of Trinseo during the 2nd quarter valued at approximately $1,570,000. Renaissance Technologies LLC grew its stake in shares of Trinseo by 3.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,595,500 shares of the basic materials company’s stock valued at $113,201,000 after acquiring an additional 52,100 shares during the period. Rothschild Asset Management Inc. grew its stake in shares of Trinseo by 0.3% during the 2nd quarter. Rothschild Asset Management Inc. now owns 277,099 shares of the basic materials company’s stock valued at $19,660,000 after acquiring an additional 821 shares during the period. Sterling Capital Management LLC bought a new position in shares of Trinseo during the 2nd quarter valued at approximately $1,023,000. Finally, Premier Fund Managers Ltd grew its stake in shares of Trinseo by 5.9% during the 2nd quarter. Premier Fund Managers Ltd now owns 49,165 shares of the basic materials company’s stock valued at $3,477,000 after acquiring an additional 2,746 shares during the period. 96.58% 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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

Further Reading: Understanding Compound Annual Growth Rate (CAGR)

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