Trinseo (NYSE:TSE) had its price objective trimmed by Morgan Stanley from $49.00 to $32.00 in a report published on Wednesday morning, BenzingaRatingsTable reports. The firm currently has an equal weight rating on the basic materials company’s stock.
A number of other equities research analysts have also recently weighed in on TSE. Goldman Sachs Group cut Trinseo from a neutral rating to a sell rating in a report on Wednesday, July 17th. Citigroup cut Trinseo from a buy rating to a neutral rating and lowered their price target for the stock from $48.00 to $32.00 in a report on Tuesday. Deutsche Bank lowered their price target on Trinseo from $55.00 to $50.00 and set a buy rating on the stock in a report on Monday, July 1st. They noted that the move was a valuation call. Zacks Investment Research cut Trinseo from a hold rating to a strong sell rating in a report on Thursday, July 4th. Finally, TheStreet cut Trinseo from a b- rating to a c+ rating in a report on Friday, May 17th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $49.86.
Shares of TSE traded down $0.57 on Wednesday, reaching $27.87. The stock had a trading volume of 4,498 shares, compared to its average volume of 421,978. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of 3.84, a PEG ratio of 0.55 and a beta of 2.02. The company has a debt-to-equity ratio of 1.61, a current ratio of 2.81 and a quick ratio of 2.05. The company’s 50-day moving average is $37.76. Trinseo has a twelve month low of $27.37 and a twelve month high of $82.18.
Trinseo (NYSE:TSE) last released its quarterly earnings results on Thursday, August 8th. The basic materials company reported $0.99 earnings per share for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.63). The firm had revenue of $951.80 million during the quarter, compared to analyst estimates of $1.07 billion. Trinseo had a return on equity of 22.44% and a net margin of 3.25%. The business’s revenue was down 23.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.40 EPS. As a group, equities analysts anticipate that Trinseo will post 4.51 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 5.74%. The ex-dividend date of this dividend was Wednesday, July 10th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.
In related news, insider Catherine C. Keenan sold 5,050 shares of the stock in a transaction on Thursday, May 30th. The stock was sold at an average price of $38.41, for a total value of $193,970.50. Following the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at approximately $610,757.41. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Catherine C. Keenan sold 12,264 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $38.17, for a total value of $468,116.88. Following the completion of the transaction, the insider now directly owns 15,901 shares in the company, valued at $606,941.17. The disclosure for this sale can be found here. 1.80% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of TSE. Point72 Asset Management L.P. acquired a new stake in shares of Trinseo during the second quarter valued at about $42,000. Price Wealth Management Inc. acquired a new stake in shares of Trinseo during the second quarter valued at about $54,000. NumerixS Investment Technologies Inc grew its stake in shares of Trinseo by 218.7% during the second quarter. NumerixS Investment Technologies Inc now owns 2,728 shares of the basic materials company’s stock valued at $116,000 after acquiring an additional 1,872 shares in the last quarter. Bessemer Group Inc. acquired a new stake in shares of Trinseo during the second quarter valued at about $152,000. Finally, Nisa Investment Advisors LLC grew its stake in shares of Trinseo by 1,777.8% during the first quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 4,000 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.
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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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