Alembic Global Advisors Reiterates “Buy” Rating for Trinseo (TSE)

Trinseo (NYSE:TSE)‘s stock had its “buy” rating reissued by investment analysts at Alembic Global Advisors in a research report issued on Monday.

Several other equities research analysts have also commented on TSE. Zacks Investment Research upgraded shares of Trinseo from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Thursday, November 9th. ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Jefferies Group boosted their target price on shares of Trinseo from $82.00 to $85.00 and gave the stock a “buy” rating in a research report on Monday, November 6th. Barclays boosted their target price on shares of Trinseo from $73.00 to $78.00 and gave the stock an “equal weight” rating in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded shares of Trinseo from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. Three equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $77.00.

Trinseo (NYSE:TSE) traded up $0.60 during trading hours on Monday, reaching $70.70. 235,800 shares of the company were exchanged, compared to its average volume of 590,013. Trinseo has a 1 year low of $57.70 and a 1 year high of $75.20. The company has a current ratio of 2.59, a quick ratio of 1.78 and a debt-to-equity ratio of 2.05. The stock has a market cap of $3,089.92, a price-to-earnings ratio of 9.22, a price-to-earnings-growth ratio of 1.16 and a beta of 2.33.

Trinseo (NYSE:TSE) last posted its quarterly earnings data on Thursday, November 2nd. The basic materials company reported $2.18 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.04). Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.03 billion. During the same quarter last year, the business earned $1.70 earnings per share. The business’s quarterly revenue was up 17.2% on a year-over-year basis. equities research analysts anticipate that Trinseo will post 7.64 earnings per share for the current year.

In related news, insider David Phillip Stasse sold 10,043 shares of the business’s stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the completion of the transaction, the insider now owns 28,684 shares of the company’s stock, valued at approximately $2,041,440.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.26% of the company’s stock.

Several large investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC grew its holdings in shares of Trinseo by 815.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,990 shares of the basic materials company’s stock worth $1,006,000 after purchasing an additional 13,352 shares during the period. Point72 Asset Management L.P. grew its holdings in shares of Trinseo by 428.2% during the 3rd quarter. Point72 Asset Management L.P. now owns 686,600 shares of the basic materials company’s stock worth $46,071,000 after purchasing an additional 556,600 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Trinseo during the 3rd quarter worth about $2,673,000. Impala Asset Management LLC purchased a new stake in shares of Trinseo during the 3rd quarter worth about $46,812,000. Finally, Dimensional Fund Advisors LP grew its holdings in shares of Trinseo by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 886,874 shares of the basic materials company’s stock worth $59,509,000 after purchasing an additional 27,898 shares during the period. Institutional investors and hedge funds own 96.92% of the company’s stock.

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About Trinseo

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.

Analyst Recommendations for Trinseo (NYSE:TSE)

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