ValuEngine Downgrades Trinseo (TSE) to Buy

ValuEngine downgraded shares of Trinseo (NYSE:TSE) from a strong-buy rating to a buy rating in a report issued on Monday.

Several other equities analysts have also weighed in on TSE. Citigroup lifted their price objective on Trinseo from $80.00 to $83.00 and gave the company a neutral rating in a research note on Thursday, February 22nd. Wells Fargo reaffirmed an outperform rating and issued a $84.00 price objective (up from $79.00) on shares of Trinseo in a research note on Wednesday, January 17th. Zacks Investment Research lowered Trinseo from a buy rating to a hold rating in a research note on Wednesday, March 21st. Barclays lifted their price objective on Trinseo from $78.00 to $85.00 and gave the company an equal weight rating in a research note on Thursday, February 1st. Finally, Jefferies Group lifted their price objective on Trinseo to $97.00 and gave the company a buy rating in a research note on Tuesday, January 30th. Four research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $90.17.

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TSE opened at $74.20 on Monday. The company has a debt-to-equity ratio of 1.73, a current ratio of 2.63 and a quick ratio of 1.81. The stock has a market capitalization of $3,085.90, a price-to-earnings ratio of 8.77, a price-to-earnings-growth ratio of 0.83 and a beta of 2.30. Trinseo has a 12 month low of $57.70 and a 12 month high of $85.35.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Monday, February 19th. The basic materials company reported $2.14 EPS for the quarter, beating the consensus estimate of $1.67 by $0.47. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.02 billion. Trinseo had a return on equity of 62.52% and a net margin of 7.38%. The firm’s revenue was up 20.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.68 EPS. sell-side analysts forecast that Trinseo will post 8.56 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 25th. Stockholders of record on Wednesday, April 11th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 1.94%. The ex-dividend date of this dividend is Tuesday, April 10th. Trinseo’s dividend payout ratio is currently 17.71%.

In related news, SVP Marilyn N. Horner sold 33,124 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $80.25, for a total transaction of $2,658,201.00. Following the transaction, the senior vice president now directly owns 38,527 shares of the company’s stock, valued at approximately $3,091,791.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Ryan J. Leib sold 2,974 shares of the business’s stock in a transaction that occurred on Tuesday, March 6th. The stock was sold at an average price of $80.68, for a total value of $239,942.32. Following the transaction, the insider now directly owns 7,340 shares in the company, valued at $592,191.20. The disclosure for this sale can be found here. Insiders sold a total of 44,089 shares of company stock worth $3,554,204 over the last ninety days. Corporate insiders own 0.26% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in TSE. Boston Partners acquired a new position in Trinseo during the 4th quarter worth approximately $168,536,000. Impala Asset Management LLC acquired a new position in Trinseo during the 3rd quarter worth approximately $46,812,000. Point72 Asset Management L.P. lifted its position in Trinseo by 428.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 686,600 shares of the basic materials company’s stock worth $46,071,000 after acquiring an additional 556,600 shares in the last quarter. LSV Asset Management lifted its position in Trinseo by 21.9% during the 4th quarter. LSV Asset Management now owns 2,200,011 shares of the basic materials company’s stock worth $159,720,000 after acquiring an additional 394,536 shares in the last quarter. Finally, BlackRock Inc. lifted its position in Trinseo by 8.2% during the 4th quarter. BlackRock Inc. now owns 3,130,495 shares of the basic materials company’s stock worth $227,272,000 after acquiring an additional 238,474 shares in the last quarter. 98.64% of the stock is currently owned by hedge funds and other institutional investors.

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About Trinseo

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.

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

Analyst Recommendations for Trinseo (NYSE:TSE)

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