Trinseo (NYSE:TSE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The brokerage currently has a $91.00 price objective on the basic materials company’s stock. Zacks Investment Research‘s price target points to a potential upside of 13.89% from the company’s current price.
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 analysts have also weighed in on TSE. Jefferies Group upped their price objective on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays upped their price objective on shares of Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a report on Monday, December 11th. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Finally, Deutsche Bank upped their target price on shares of Trinseo to $92.00 and gave the stock a “buy” rating in a report on Monday, January 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Trinseo has an average rating of “Buy” and a consensus target price of $90.17.
Trinseo (NYSE:TSE) last announced its quarterly earnings data on Monday, February 19th. The basic materials company reported $2.14 earnings per share for the quarter, beating the consensus estimate of $1.67 by $0.47. Trinseo had a net margin of 7.38% and a return on equity of 65.90%. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.02 billion. During the same quarter in the prior year, the business earned $1.68 earnings per share. The business’s quarterly revenue was up 20.2% compared to the same quarter last year. sell-side analysts forecast that Trinseo will post 8.63 earnings per share for the current fiscal year.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Canada Pension Plan Investment Board acquired a new stake in shares of Trinseo in the 3rd quarter worth about $161,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Trinseo by 44.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,465 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 756 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of Trinseo by 47.7% in the 2nd quarter. Royal Bank of Canada now owns 2,611 shares of the basic materials company’s stock worth $179,000 after acquiring an additional 843 shares during the last quarter. Trilogy Capital Inc. acquired a new stake in shares of Trinseo in the 4th quarter worth about $224,000. Finally, DekaBank Deutsche Girozentrale raised its holdings in shares of Trinseo by 85.0% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 3,112 shares of the basic materials company’s stock worth $189,000 after acquiring an additional 1,430 shares during the last quarter.
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Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.
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