Trinseo (NYSE:TSE) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Saturday. They presently have a $87.00 price target on the basic materials company’s stock. Zacks Investment Research‘s price target suggests a potential upside of 16.47% from the company’s previous close.

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. “

Other analysts have also recently issued reports about the company. Jefferies Group raised their target price on Trinseo to $97.00 and gave the stock a “buy” rating in a research note on Tuesday, January 30th. Deutsche Bank raised their target price on Trinseo to $92.00 and gave the stock a “buy” rating in a research note on Monday, January 15th. Alembic Global Advisors reissued a “buy” rating on shares of Trinseo in a research note on Monday, December 11th. Barclays raised their target price on Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 7th. Finally, Wells Fargo & Co reissued an “outperform” rating and issued a $84.00 target price (up from $79.00) on shares of Trinseo in a research note on Wednesday, January 17th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. Trinseo currently has an average rating of “Buy” and a consensus target price of $85.50.

Trinseo (NYSE TSE) traded up $1.45 during midday trading on Friday, hitting $74.70. The company had a trading volume of 503,706 shares, compared to its average volume of 323,606. The company has a quick ratio of 1.78, a current ratio of 2.59 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $3,201.37, a PE ratio of 11.69, a PEG ratio of 0.88 and a beta of 2.31. Trinseo has a 12 month low of $57.70 and a 12 month high of $85.35.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in Trinseo by 1,597.2% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 90,560 shares of the basic materials company’s stock worth $6,575,000 after buying an additional 85,224 shares during the period. Virtu Financial LLC lifted its holdings in Trinseo by 22.7% in the fourth quarter. Virtu Financial LLC now owns 5,366 shares of the basic materials company’s stock worth $390,000 after buying an additional 994 shares during the period. BlackRock Inc. lifted its holdings in Trinseo by 8.2% in the fourth quarter. BlackRock Inc. now owns 3,130,495 shares of the basic materials company’s stock worth $227,272,000 after buying an additional 238,474 shares during the period. Schroder Investment Management Group lifted its holdings in Trinseo by 18.4% in the fourth quarter. Schroder Investment Management Group now owns 10,064 shares of the basic materials company’s stock worth $731,000 after buying an additional 1,563 shares during the period. Finally, Bank of New York Mellon Corp lifted its holdings in Trinseo by 1.8% in the fourth quarter. Bank of New York Mellon Corp now owns 180,939 shares of the basic materials company’s stock worth $13,136,000 after buying an additional 3,244 shares during the period. Institutional investors and hedge funds own 96.98% of the company’s stock.

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Trinseo Company Profile

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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