Trinseo S.A. (TSE) Given Consensus Rating of “Buy” by Analysts
Trinseo S.A. (NYSE:TSE) has been assigned an average rating of “Buy” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $74.80.
A number of research firms recently commented on TSE. ValuEngine cut Trinseo from a “strong-buy” rating to a “buy” rating in a research report on Monday, August 14th. Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating in a research report on Tuesday, August 8th. Barclays PLC reduced their price objective on Trinseo from $75.00 to $73.00 and set an “equal weight” rating for the company in a research report on Friday, August 4th. BidaskClub cut Trinseo from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $82.00 price objective on shares of Trinseo in a research report on Friday, October 6th.
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In other Trinseo news, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total value of $1,776,000.00. Following the completion of the sale, the insider now owns 265,240 shares in the company, valued at $18,842,649.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $67.38, for a total value of $363,784.62. Following the completion of the sale, the insider now owns 18,298 shares of the company’s stock, valued at approximately $1,232,919.24. The disclosure for this sale can be found here. In the last 90 days, insiders sold 60,399 shares of company stock valued at $4,177,335. Company insiders own 0.65% of the company’s stock.
A number of institutional investors and hedge funds have recently modified their holdings of the business. National Asset Management Inc. boosted its stake in shares of Trinseo by 9.1% in the second quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock worth $265,000 after acquiring an additional 323 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Trinseo by 69.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,898 shares of the basic materials company’s stock worth $268,000 after acquiring an additional 1,596 shares during the period. California State Teachers Retirement System boosted its stake in shares of Trinseo by 46.7% in the second quarter. California State Teachers Retirement System now owns 78,630 shares of the basic materials company’s stock worth $5,402,000 after acquiring an additional 25,049 shares during the period. TVR Capital Management LP bought a new position in shares of Trinseo in the second quarter worth about $2,728,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Trinseo by 61.0% in the second quarter. The Manufacturers Life Insurance Company now owns 34,089 shares of the basic materials company’s stock worth $2,342,000 after acquiring an additional 12,917 shares during the period. Institutional investors and hedge funds own 97.81% of the company’s stock.
Trinseo (NYSE:TSE) last posted its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.80 by ($0.41). Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $2.30 EPS. The firm’s revenue for the quarter was up 18.0% compared to the same quarter last year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Shareholders of record on Tuesday, October 10th will be given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date is Friday, October 6th. Trinseo’s payout ratio is 20.34%.
Trinseo announced that its Board of Directors has approved a share repurchase program on Thursday, June 22nd that authorizes the company to repurchase 2,000,000 shares. This repurchase authorization authorizes the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.
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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