Trinseo (NYSE:TSE) had its price objective decreased by Barclays from $71.00 to $64.00 in a report published on Monday. Barclays currently has an equal weight rating on the basic materials company’s stock.

A number of other analysts have also weighed in on TSE. ValuEngine raised shares of Trinseo from a sell rating to a hold rating in a report on Tuesday, July 31st. MED reissued a buy rating and issued a $90.00 price target on shares of Trinseo in a report on Thursday, August 2nd. Zacks Investment Research raised shares of Trinseo from a hold rating to a strong-buy rating and set a $90.00 price target for the company in a report on Thursday, August 9th. Finally, Citigroup lowered their price target on shares of Trinseo from $80.00 to $76.00 and set a neutral rating for the company in a report on Wednesday, October 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and six have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of $78.00.

Shares of Trinseo stock opened at $49.36 on Monday. The company has a debt-to-equity ratio of 1.41, a current ratio of 2.86 and a quick ratio of 2.01. The company has a market capitalization of $1.90 billion, a P/E ratio of 6.07, a P/E/G ratio of 0.45 and a beta of 2.50. Trinseo has a fifty-two week low of $44.06 and a fifty-two week high of $85.35.

Trinseo (NYSE:TSE) last issued its quarterly earnings results on Thursday, November 8th. The basic materials company reported $1.83 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.03. The business had revenue of $1.20 billion during the quarter, compared to analyst estimates of $1.15 billion. Trinseo had a net margin of 8.82% and a return on equity of 52.61%. Trinseo’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter last year, the business posted $2.18 earnings per share. Equities analysts predict that Trinseo will post 8.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 24th. Shareholders of record on Wednesday, October 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 3.24%. The ex-dividend date was Tuesday, October 9th. Trinseo’s dividend payout ratio is presently 19.68%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. First Quadrant L P CA acquired a new stake in Trinseo during the 2nd quarter worth $117,000. Legacy Financial Advisors Inc. acquired a new stake in Trinseo during the 2nd quarter worth $125,000. Group One Trading L.P. grew its holdings in Trinseo by 133.3% during the 3rd quarter. Group One Trading L.P. now owns 2,220 shares of the basic materials company’s stock worth $174,000 after acquiring an additional 8,879 shares during the period. Jane Street Group LLC acquired a new stake in Trinseo during the 1st quarter worth $202,000. Finally, Jefferies Group LLC grew its holdings in Trinseo by 1,498.4% during the 3rd quarter. Jefferies Group LLC now owns 3,005 shares of the basic materials company’s stock worth $235,000 after acquiring an additional 2,817 shares during the period. 97.69% of the stock is owned by hedge funds and other institutional investors.

Trinseo Company Profile

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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Analyst Recommendations for Trinseo (NYSE:TSE)

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