Trinseo (TSE) Downgraded by ValuEngine to “Strong Sell”

ValuEngine downgraded shares of Trinseo (NYSE:TSE) from a sell rating to a strong sell rating in a research report sent to investors on Saturday morning, ValuEngine reports.

A number of other equities analysts have also issued reports on TSE. Zacks Investment Research lowered Trinseo from a hold rating to a strong sell rating in a report on Saturday, April 6th. Deutsche Bank decreased their price objective on Trinseo from $58.00 to $55.00 and set a buy rating for the company in a report on Wednesday, April 3rd. Alembic Global Advisors set a $75.00 price objective on Trinseo and gave the stock a buy rating in a report on Wednesday, January 23rd. Finally, Citigroup set a $58.00 price objective on Trinseo and gave the stock a buy rating in a report on Friday, February 15th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $67.50.

TSE stock traded down $1.23 on Friday, reaching $40.05. The company’s stock had a trading volume of 215,798 shares, compared to its average volume of 346,680. Trinseo has a 52 week low of $39.89 and a 52 week high of $82.18. The firm has a market capitalization of $1.64 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 0.52 and a beta of 2.03. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.81 and a quick ratio of 2.05.

Trinseo (NYSE:TSE) last issued its quarterly earnings data on Thursday, May 2nd. The basic materials company reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.07 by $0.02. Trinseo had a return on equity of 30.47% and a net margin of 4.61%. The business had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.09 billion. During the same period in the prior year, the company posted $2.76 EPS. The business’s revenue for the quarter was down 9.7% compared to the same quarter last year. On average, equities analysts anticipate that Trinseo will post 6.48 EPS for the current fiscal year.

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

In other Trinseo news, insider Catherine C. Keenan sold 2,082 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the insider now directly owns 10,079 shares in the company, valued at $449,120.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NumerixS Investment Technologies Inc acquired a new stake in Trinseo in the first quarter worth approximately $40,000. Pearl River Capital LLC acquired a new stake in Trinseo in the fourth quarter worth approximately $52,000. Ramsey Quantitative Systems acquired a new stake in Trinseo in the fourth quarter worth approximately $162,000. First Mercantile Trust Co. lifted its position 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, Nisa Investment Advisors LLC lifted its position in Trinseo by 1,777.8% in the first quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock worth $191,000 after purchasing an additional 4,000 shares during the period. Hedge funds and other institutional investors 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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Analyst Recommendations for Trinseo (NYSE:TSE)

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