Zacks Research Downgrades Trinseo (NYSE:TSE) to Strong Sell

Trinseo (NYSE:TSE) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Tuesday,Zacks.com reports.

Other research analysts also recently issued research reports about the stock. Weiss Ratings reissued a “sell (e+)” rating on shares of Trinseo in a research report on Monday, December 29th. Alembic Global Advisors restated a “neutral” rating and set a $1.00 target price on shares of Trinseo in a report on Monday, December 1st. One research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Sell” and an average target price of $1.00.

Trinseo Stock Up 0.7%

TSE opened at $0.48 on Tuesday. The business has a fifty day moving average of $0.67 and a 200 day moving average of $1.72. Trinseo has a 52-week low of $0.44 and a 52-week high of $5.99. The stock has a market cap of $17.04 million, a P/E ratio of -0.04 and a beta of 1.45.

Trinseo (NYSE:TSE) last issued its earnings results on Thursday, November 6th. The basic materials company reported ($2.41) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.96) by ($0.45). The firm had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $792.00 million. Equities analysts anticipate that Trinseo will post -3.88 EPS for the current fiscal year.

Institutional Trading of Trinseo

A number of hedge funds and other institutional investors have recently made changes to their positions in TSE. Dynamic Technology Lab Private Ltd acquired a new position in Trinseo during the first quarter valued at $118,000. Goldman Sachs Group Inc. boosted its stake in shares of Trinseo by 43.0% in the first quarter. Goldman Sachs Group Inc. now owns 343,604 shares of the basic materials company’s stock worth $1,264,000 after buying an additional 103,294 shares during the last quarter. May Hill Capital LLC acquired a new stake in Trinseo during the second quarter worth about $33,000. Los Angeles Capital Management LLC purchased a new position in Trinseo during the second quarter valued at approximately $108,000. Finally, Geode Capital Management LLC lifted its holdings in Trinseo by 105.8% in the second quarter. Geode Capital Management LLC now owns 823,044 shares of the basic materials company’s stock valued at $2,568,000 after acquiring an additional 423,205 shares during the period. Institutional investors and hedge funds own 82.69% of the company’s stock.

Trinseo Company Profile

Trinseo (NYSE: TSE) is a global materials company specializing in the production of plastics, latex binders, synthetic rubber and specialty polymers. The company’s portfolio includes polystyrene, acrylonitrile-butadiene-styrene (ABS), polycarbonate, styrene-butadiene rubber and various latex products. These materials serve as key components in a wide range of end markets, such as automotive, electronics, appliances, medical devices, consumer goods and paper and board coatings.

Founded in 2010 through the spin-off of certain businesses from The Dow Chemical Company, Trinseo began trading as Styron before adopting its current name in 2012.