Zacks Investment Research lowered shares of Trinseo (NYSE:TSE) from a buy rating to a hold rating in a research report sent to investors on Saturday morning. The brokerage currently has $87.00 price objective on the basic materials company’s stock.
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. “
TSE has been the topic of a number of other reports. Barclays increased their price target on Trinseo from $73.00 to $78.00 and gave the stock an equal weight rating in a report on Tuesday, November 7th. Deutsche Bank increased their price target on Trinseo to $92.00 and gave the stock a buy rating in a report on Monday, January 15th. ValuEngine upgraded Trinseo from a buy rating to a strong-buy rating in a report on Sunday, December 31st. Alembic Global Advisors restated a buy rating on shares of Trinseo in a report on Monday, December 11th. Finally, Jefferies Group increased their price target on Trinseo from $82.00 to $85.00 and gave the stock a buy rating in a report on Monday, November 6th. Four research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Trinseo presently has an average rating of Buy and a consensus target price of $85.50.
Trinseo (NYSE:TSE) opened at $77.70 on Friday. The stock has a market capitalization of $3,400.00, a P/E ratio of 12.18, a price-to-earnings-growth ratio of 0.90 and a beta of 2.31. Trinseo has a twelve month low of $57.70 and a twelve month high of $85.35. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Shareholders of record on Tuesday, January 9th were issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 1.85%. The ex-dividend date was Monday, January 8th. Trinseo’s payout ratio is 22.57%.
Several institutional investors have recently bought and sold shares of the business. Boston Partners bought a new position in shares of Trinseo in the 4th quarter worth $168,536,000. Impala Asset Management LLC bought a new position in shares of Trinseo in the 3rd quarter worth $46,812,000. Point72 Asset Management L.P. lifted its holdings in shares of Trinseo by 428.2% in 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 purchasing an additional 556,600 shares in the last quarter. LSV Asset Management lifted its holdings in shares of Trinseo by 21.9% in the 4th quarter. LSV Asset Management now owns 2,200,011 shares of the basic materials company’s stock worth $159,720,000 after purchasing an additional 394,536 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Trinseo by 55.2% in the 2nd quarter. State Street Corp now owns 886,363 shares of the basic materials company’s stock worth $60,892,000 after purchasing an additional 315,334 shares in 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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