Trinseo (NYSE:TSE) Rating Increased to Sell at ValuEngine

Trinseo (NYSE:TSE) was upgraded by equities research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report released on Wednesday, ValuEngine reports.

TSE has been the topic of a number of other reports. Zacks Investment Research downgraded Trinseo from a “hold” rating to a “strong sell” rating in a research report on Saturday, April 6th. Citigroup set a $58.00 price target on Trinseo and gave the stock a “buy” rating in a report on Friday, February 15th. TheStreet cut Trinseo from a “b-” rating to a “c+” rating in a report on Friday, May 17th. Deutsche Bank cut their price target on Trinseo from $58.00 to $55.00 and set a “buy” rating for the company in a report on Wednesday, April 3rd. Finally, Alembic Global Advisors set a $75.00 price target on Trinseo and gave the stock a “buy” rating in a report on Thursday, February 14th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the company’s stock. Trinseo has a consensus rating of “Hold” and an average price target of $67.50.

TSE opened at $40.82 on Wednesday. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 1.61. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 5.63, a PEG ratio of 0.50 and a beta of 2.09. Trinseo has a one year low of $36.65 and a one year high of $82.18.

Trinseo (NYSE:TSE) last posted its earnings results on Thursday, May 2nd. The basic materials company reported $1.09 EPS for the quarter, topping the Zacks’ consensus estimate of $1.07 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.09 billion. Trinseo had a return on equity of 30.47% and a net margin of 4.61%. Trinseo’s quarterly revenue was down 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $2.76 earnings per share. On average, equities analysts anticipate that Trinseo will post 6.51 earnings per share for the current year.

In other news, insider Catherine C. Keenan sold 12,264 shares of the business’s 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 of the company’s stock, valued at $606,941.17. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Catherine C. Keenan sold 5,050 shares of the business’s 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 completion of the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at $610,757.41. The disclosure for this sale can be found here. Over the last three months, insiders sold 19,396 shares of company stock valued at $754,861. Insiders own 1.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TSE. Nordea Investment Management AB increased its stake in Trinseo by 1.3% in the first quarter. Nordea Investment Management AB now owns 87,494 shares of the basic materials company’s stock valued at $3,963,000 after purchasing an additional 1,154 shares during the last quarter. BlueMountain Capital Management LLC increased its stake in Trinseo by 154.8% in the first quarter. BlueMountain Capital Management LLC now owns 12,637 shares of the basic materials company’s stock valued at $572,000 after purchasing an additional 7,677 shares during the last quarter. Man Group plc increased its stake in Trinseo by 58.2% in the first quarter. Man Group plc now owns 335,109 shares of the basic materials company’s stock valued at $15,180,000 after purchasing an additional 123,227 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Trinseo by 30.3% in the first quarter. Goldman Sachs Group Inc. now owns 256,745 shares of the basic materials company’s stock valued at $11,630,000 after purchasing an additional 59,636 shares during the last quarter. Finally, Oxford Asset Management LLP increased its stake in Trinseo by 283.9% in the first quarter. Oxford Asset Management LLP now owns 49,588 shares of the basic materials company’s stock valued at $2,246,000 after purchasing an additional 36,670 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

About Trinseo

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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Analyst Recommendations for Trinseo (NYSE:TSE)

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