Trinseo (NYSE:TSE) Downgraded by ValuEngine

ValuEngine cut shares of Trinseo (NYSE:TSE) from a sell rating to a strong sell rating in a research note issued to investors on Friday, ValuEngine reports.

Several other research analysts have also recently commented on the stock. Morgan Stanley decreased their target price on shares of Trinseo from $49.00 to $32.00 and set an equal weight rating for the company in a research report on Wednesday, August 14th. Goldman Sachs Group cut shares of Trinseo from a neutral rating to a sell rating in a research report on Wednesday, July 17th. TheStreet cut shares of Trinseo from a b- rating to a c+ rating in a research report on Friday, May 17th. Zacks Investment Research cut shares of Trinseo from a hold rating to a strong sell rating in a research report on Thursday, July 4th. Finally, Citigroup cut shares of Trinseo from a buy rating to a neutral rating and decreased their target price for the stock from $48.00 to $32.00 in a research report on Tuesday, August 13th. Three research analysts have rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $49.86.

NYSE TSE opened at $29.29 on Friday. Trinseo has a 52 week low of $27.37 and a 52 week high of $82.18. The company has a current ratio of 2.83, a quick ratio of 2.05 and a debt-to-equity ratio of 1.63. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of 4.04, a price-to-earnings-growth ratio of 0.47 and a beta of 2.02. The company has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $43.16.

Trinseo (NYSE:TSE) last posted its earnings results on Thursday, August 8th. The basic materials company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.63). Trinseo had a return on equity of 22.71% and a net margin of 3.25%. The firm had revenue of $951.80 million during the quarter, compared to the consensus estimate of $1.07 billion. During the same quarter last year, the company posted $2.40 EPS. Trinseo’s revenue for the quarter was down 23.0% on a year-over-year basis. As a group, equities research analysts expect that Trinseo will post 3.94 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 5.46%. The ex-dividend date was Wednesday, July 10th. Trinseo’s dividend payout ratio (DPR) is presently 22.07%.

In other news, insider Catherine C. Keenan sold 5,050 shares of the stock in a transaction that occurred on Thursday, May 30th. The shares were 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 in the company, valued at $610,757.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Catherine C. Keenan sold 12,264 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $38.17, for a total transaction of $468,116.88. Following the sale, the insider now owns 15,901 shares of the company’s stock, valued at $606,941.17. The disclosure for this sale can be found here. Company insiders own 1.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Prudential PLC lifted its holdings in shares of Trinseo by 7.4% during the 2nd quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock worth $325,832,000 after acquiring an additional 536,746 shares during the period. LSV Asset Management raised its position in Trinseo by 5.1% during the first quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock worth $111,898,000 after acquiring an additional 118,850 shares in the last quarter. Prudential Financial Inc. raised its position in Trinseo by 124.0% during the second quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock worth $50,771,000 after acquiring an additional 663,792 shares in the last quarter. JPMorgan Chase & Co. raised its position in Trinseo by 7.1% during the second quarter. JPMorgan Chase & Co. now owns 1,147,764 shares of the basic materials company’s stock worth $48,195,000 after acquiring an additional 75,983 shares in the last quarter. Finally, FMR LLC raised its position in Trinseo by 151.9% during the fourth quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock worth $31,054,000 after acquiring an additional 409,062 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

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.

Read More: Cryptocurrencies

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Trinseo (NYSE:TSE)

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.