Trinseo (TSE) Stock Rating Lowered by ValuEngine

ValuEngine downgraded shares of Trinseo (NYSE:TSE) from a sell rating to a strong sell rating in a report published on Friday morning.

A number of other equities research analysts have also issued reports on TSE. Citigroup upgraded Trinseo from a neutral rating to a buy rating in a research report on Thursday, November 15th. Jefferies Financial Group lowered Trinseo from a buy rating to a hold rating and dropped their price target for the company from $80.00 to $55.00 in a research report on Friday, December 7th. Zacks Investment Research upgraded Trinseo from a sell rating to a hold rating in a research report on Friday, January 18th. Alembic Global Advisors set a $75.00 price target on Trinseo and gave the company a buy rating in a research report on Wednesday, January 23rd. Finally, Deutsche Bank lowered their price objective on Trinseo to $55.00 and set a buy rating for the company in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus price target of $67.50.

TSE stock opened at $47.13 on Friday. The company has a quick ratio of 2.09, a current ratio of 3.04 and a debt-to-equity ratio of 1.51. The company has a market capitalization of $1.93 billion, a PE ratio of 6.50, a P/E/G ratio of 0.58 and a beta of 2.10. Trinseo has a 1 year low of $42.10 and a 1 year high of $82.18.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.23. The business had revenue of $1.07 billion during the quarter, compared to analyst estimates of $1.10 billion. Trinseo had a return on equity of 40.17% and a net margin of 6.32%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $2.14 earnings per share. Equities research analysts predict that Trinseo will post 6.79 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 25th. Investors of record on Thursday, April 11th will be given a $0.40 dividend. The ex-dividend date of this dividend is Wednesday, April 10th. This represents a $1.60 annualized dividend and a yield of 3.39%. Trinseo’s payout ratio is 22.07%.

Institutional investors have recently modified their holdings of the stock. Fuller & Thaler Asset Management Inc. grew its position in Trinseo by 58.9% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 314,513 shares of the basic materials company’s stock worth $24,626,000 after acquiring an additional 116,571 shares during the period. Morgan Stanley grew its position in Trinseo by 2.7% in the third quarter. Morgan Stanley now owns 224,933 shares of the basic materials company’s stock worth $17,613,000 after acquiring an additional 5,821 shares during the period. Martingale Asset Management L P grew its position in Trinseo by 83.4% in the third quarter. Martingale Asset Management L P now owns 91,247 shares of the basic materials company’s stock worth $7,145,000 after acquiring an additional 41,507 shares during the period. Bank of Montreal Can grew its position in Trinseo by 18.0% in the fourth quarter. Bank of Montreal Can now owns 95,310 shares of the basic materials company’s stock worth $4,363,000 after acquiring an additional 14,534 shares during the period. Finally, Man Group plc grew its position in Trinseo by 91.3% in the third quarter. Man Group plc now owns 272,583 shares of the basic materials company’s stock worth $21,344,000 after acquiring an additional 130,099 shares during the period. Institutional investors own 96.11% 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.

Recommended Story: Understanding Relative Strength Index

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Trinseo (NYSE:TSE)

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.