Trinseo (NYSE:TSE) PT Lowered to $32.00

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Trinseo (NYSE:TSE) had its price target lowered by Morgan Stanley from $49.00 to $32.00 in a research note released on Wednesday, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the basic materials company’s stock.

Several other research firms also recently weighed in on TSE. Deutsche Bank cut their price target on Trinseo from $55.00 to $50.00 and set a buy rating for the company in a research note on Monday, July 1st. They noted that the move was a valuation call. Citigroup downgraded Trinseo from a buy rating to a neutral rating and cut their price target for the stock from $48.00 to $32.00 in a research note on Tuesday, August 13th. Zacks Investment Research downgraded Trinseo from a hold rating to a strong sell rating in a research note on Thursday, July 4th. ValuEngine upgraded Trinseo from a strong sell rating to a sell rating in a research note on Wednesday, June 12th. Finally, Goldman Sachs Group downgraded Trinseo from a neutral rating to a sell rating in a research note on Wednesday, July 17th. Three research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. Trinseo has an average rating of Hold and an average target price of $49.86.

TSE stock opened at $29.29 on Wednesday. The company has a debt-to-equity ratio of 1.63, a quick ratio of 2.05 and a current ratio of 2.83. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 4.04, a PEG ratio of 0.47 and a beta of 2.02. Trinseo has a fifty-two week low of $27.37 and a fifty-two week high of $82.18. The stock has a fifty day moving average of $37.24 and a 200-day moving average of $43.16.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.62 by ($0.63). The firm had revenue of $951.80 million for the quarter, compared to the consensus estimate of $1.07 billion. Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The firm’s revenue was down 23.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.40 EPS. Equities analysts predict that Trinseo will post 3.94 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date of this dividend was Wednesday, July 10th. This represents a $1.60 annualized dividend and a yield of 5.46%. Trinseo’s dividend payout ratio is currently 22.07%.

In other Trinseo news, insider Catherine C. Keenan sold 12,264 shares of the firm’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.17, for a total value of $468,116.88. Following the completion of the transaction, the insider now owns 15,901 shares in the company, valued at approximately $606,941.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Frank A. Bozich bought 15,000 shares of the business’s stock in a transaction on Wednesday, August 14th. The stock was bought at an average price of $28.97 per share, with a total value of $434,550.00. The disclosure for this purchase can be found here. 1.80% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. FMR LLC raised its stake in Trinseo by 151.9% during the 4th quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock valued at $31,054,000 after purchasing an additional 409,062 shares during the last quarter. Norges Bank acquired a new position in Trinseo during the 4th quarter valued at $34,146,000. State of Alaska Department of Revenue acquired a new position in Trinseo during the 1st quarter valued at $358,000. Meeder Asset Management Inc. raised its stake in Trinseo by 3.3% during the 1st quarter. Meeder Asset Management Inc. now owns 10,860 shares of the basic materials company’s stock valued at $493,000 after purchasing an additional 351 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Trinseo by 1,777.8% during the 1st quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock valued at $191,000 after purchasing an additional 4,000 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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