Trinseo (TSE) Given a $58.00 Price Target at Citigroup

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Citigroup set a $58.00 price objective on Trinseo (NYSE:TSE) in a research report sent to investors on Friday morning. The firm currently has a buy rating on the basic materials company’s stock.

TSE has been the topic of several other research reports. Barclays dropped their target price on shares of Trinseo from $71.00 to $64.00 and set an equal weight rating on the stock in a research report on Monday, November 12th. Deutsche Bank decreased their price target on shares of Trinseo to $55.00 and set a buy rating on the stock in a research note on Wednesday, January 23rd. Zacks Investment Research raised shares of Trinseo from a sell rating to a hold rating in a research note on Saturday, January 26th. Alembic Global Advisors set a $75.00 price target on shares of Trinseo and gave the stock a buy rating in a research note on Wednesday, January 23rd. Finally, Jefferies Financial Group downgraded shares of Trinseo from a buy rating to a hold rating and decreased their price target for the stock from $80.00 to $55.00 in a research note on Friday, December 7th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company. Trinseo currently has a consensus rating of Hold and an average price target of $70.00.

Shares of NYSE TSE opened at $51.41 on Friday. Trinseo has a 52-week low of $42.10 and a 52-week high of $84.90. The stock has a market capitalization of $2.12 billion, a PE ratio of 7.09, a P/E/G ratio of 0.57 and a beta of 2.12. The company has a current ratio of 2.86, a quick ratio of 1.93 and a debt-to-equity ratio of 1.41.

Trinseo (NYSE:TSE) last announced its earnings results on Wednesday, February 13th. The basic materials company reported $0.23 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.23. Trinseo had a net margin of 6.32% and a return on equity of 39.85%. The business had revenue of $1.07 billion for the quarter, compared to analyst estimates of $1.10 billion. During the same quarter last year, the business earned $2.14 earnings per share. The company’s revenue for the quarter was down 3.4% compared to the same quarter last year. Research analysts predict that Trinseo will post 7.37 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 23rd. Stockholders of record on Wednesday, January 9th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 3.11%. The ex-dividend date was Tuesday, January 8th. Trinseo’s dividend payout ratio is currently 22.07%.

In other Trinseo news, CFO Barry J. Niziolek purchased 4,500 shares of the firm’s stock in a transaction dated Thursday, December 6th. The shares were purchased at an average cost of $48.48 per share, with a total value of $218,160.00. Following the completion of the purchase, the chief financial officer now owns 17,011 shares in the company, valued at approximately $824,693.28. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. Zide purchased 10,208 shares of the firm’s stock in a transaction dated Friday, November 30th. The stock was acquired at an average cost of $50.12 per share, for a total transaction of $511,624.96. Following the completion of the purchase, the director now owns 18,578 shares of the company’s stock, valued at approximately $931,129.36. The disclosure for this purchase can be found here. Over the last three months, insiders bought 34,708 shares of company stock worth $1,753,185. Insiders own 1.00% of the company’s stock.

Several large investors have recently bought and sold shares of TSE. Bank of Montreal Can raised its stake in Trinseo by 36.8% during the third quarter. Bank of Montreal Can now owns 80,776 shares of the basic materials company’s stock worth $6,325,000 after purchasing an additional 21,737 shares during the period. Aperio Group LLC raised its stake in Trinseo by 16.4% during the third quarter. Aperio Group LLC now owns 15,442 shares of the basic materials company’s stock worth $1,209,000 after purchasing an additional 2,174 shares during the period. First Quadrant L P CA raised its stake in Trinseo by 533.5% during the third quarter. First Quadrant L P CA now owns 10,484 shares of the basic materials company’s stock worth $821,000 after purchasing an additional 8,829 shares during the period. First Trust Advisors LP raised its stake in Trinseo by 46.7% during the third quarter. First Trust Advisors LP now owns 57,988 shares of the basic materials company’s stock worth $4,540,000 after purchasing an additional 18,473 shares during the period. Finally, Russell Investments Group Ltd. raised its stake in Trinseo by 109.4% during the third quarter. Russell Investments Group Ltd. now owns 62,712 shares of the basic materials company’s stock worth $4,910,000 after purchasing an additional 32,760 shares during the period. 94.86% of the stock is currently owned by hedge funds and other institutional investors.

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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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