Zacks Investment Research Lowers Trinseo (TSE) to Hold

Trinseo (NYSE:TSE) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Thursday.

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 research firms also recently weighed in on TSE. Citigroup dropped their price target on Trinseo from $80.00 to $76.00 and set a “neutral” rating for the company in a research note on Wednesday. ValuEngine upgraded Trinseo from a “sell” rating to a “hold” rating in a research note on Tuesday, July 31st. Finally, MED restated a “buy” rating and issued a $90.00 price target on shares of Trinseo in a research note on Thursday, August 2nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company. Trinseo currently has a consensus rating of “Hold” and an average price target of $85.57.

TSE stock opened at $61.49 on Thursday. Trinseo has a 1-year low of $58.26 and a 1-year high of $85.35. The company has a quick ratio of 2.01, a current ratio of 2.87 and a debt-to-equity ratio of 1.45. The company has a market capitalization of $3.34 billion, a price-to-earnings ratio of 7.56, a price-to-earnings-growth ratio of 0.70 and a beta of 2.21.

Trinseo (NYSE:TSE) last posted its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $2.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.18 by $0.22. Trinseo had a return on equity of 59.09% and a net margin of 8.11%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same period in the prior year, the company posted $1.39 EPS. The firm’s revenue for the quarter was up 8.0% compared to the same quarter last year. On average, sell-side analysts expect that Trinseo will post 9.31 EPS for the current fiscal year.

In other news, insider Catherine C. Keenan sold 1,643 shares of the stock in a transaction that occurred on Wednesday, August 8th. The stock was sold at an average price of $77.95, for a total transaction of $128,071.85. Following the completion of the transaction, the insider now directly owns 6,534 shares in the company, valued at approximately $509,325.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Quadrant L P CA bought a new position in shares of Trinseo during the 2nd quarter valued at approximately $117,000. Legacy Financial Advisors Inc. bought a new position in shares of Trinseo during the 2nd quarter valued at approximately $125,000. Jane Street Group LLC bought a new position in shares of Trinseo during the 1st quarter valued at approximately $202,000. Wilen Investment Management CORP. boosted its position in shares of Trinseo by 34.8% during the 2nd quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock valued at $287,000 after acquiring an additional 973 shares during the last quarter. Finally, Sciencast Management LP bought a new position in shares of Trinseo during the 1st quarter valued at approximately $292,000. Hedge funds and other institutional investors own 96.58% 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 Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

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