Trinseo (TSE) Upgraded to “Hold” by Zacks Investment Research

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Zacks Investment Research upgraded shares of Trinseo (NYSE:TSE) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

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 analysts have also weighed in on the company. Deutsche Bank decreased their price target on Trinseo from $58.00 to $55.00 and set a buy rating on the stock in a report on Wednesday, April 3rd. ValuEngine upgraded Trinseo from a strong sell rating to a sell rating in a report on Monday, April 1st. Citigroup set a $58.00 price target on Trinseo and gave the company a buy rating in a report on Friday, February 15th. Finally, Alembic Global Advisors set a $75.00 price target on Trinseo and gave the company a buy rating in a report on Thursday, February 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company’s stock. Trinseo currently has a consensus rating of Hold and an average price target of $67.50.

NYSE:TSE opened at $40.05 on Wednesday. Trinseo has a fifty-two week low of $39.89 and a fifty-two week high of $82.18. The firm has a market cap of $1.69 billion, a P/E ratio of 5.52, a P/E/G ratio of 0.53 and a beta of 2.03. The company has a debt-to-equity ratio of 1.61, a quick ratio of 2.05 and a current ratio of 2.81.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.07 by $0.02. Trinseo had a return on equity of 30.47% and a net margin of 4.61%. The company had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.09 billion. During the same quarter in the prior year, the firm posted $2.76 EPS. Trinseo’s quarterly revenue was down 9.7% compared to the same quarter last year. Sell-side analysts forecast that Trinseo will post 6.48 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Shareholders of record on Thursday, April 11th were paid a $0.40 dividend. The ex-dividend date was Wednesday, April 10th. This represents a $1.60 dividend on an annualized basis and a yield of 4.00%. Trinseo’s payout ratio is 22.07%.

In other Trinseo news, insider Catherine C. Keenan sold 2,082 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $44.56, for a total value of $92,773.92. Following the sale, the insider now owns 10,079 shares in the company, valued at $449,120.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 1.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. increased its stake in Trinseo by 2.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 9,985 shares of the basic materials company’s stock worth $457,000 after purchasing an additional 260 shares during the period. Meeder Asset Management Inc. increased its stake in Trinseo by 3.3% in the first quarter. Meeder Asset Management Inc. now owns 10,860 shares of the basic materials company’s stock worth $493,000 after purchasing an additional 351 shares during the period. Bailard Inc. increased its stake in Trinseo by 1.0% in the first quarter. Bailard Inc. now owns 38,056 shares of the basic materials company’s stock worth $1,724,000 after purchasing an additional 375 shares during the period. First Mercantile Trust Co. increased its stake in Trinseo by 11.8% in the fourth quarter. First Mercantile Trust Co. now owns 3,800 shares of the basic materials company’s stock worth $174,000 after purchasing an additional 400 shares during the period. Finally, Comerica Bank increased its stake in Trinseo by 9.6% in the first quarter. Comerica Bank now owns 7,986 shares of the basic materials company’s stock worth $375,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.

About Trinseo

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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