Trinseo (NYSE:TSE) had its price objective increased by Deutsche Bank to $92.00 in a research note issued on Monday. The brokerage presently has a “buy” rating on the basic materials company’s stock. Deutsche Bank’s price target would indicate a potential upside of 17.12% from the company’s previous close.
Several other equities analysts have also weighed in on the stock. Zacks Investment Research lowered shares of Trinseo from a “buy” rating to a “hold” rating in a report on Wednesday, November 8th. Alembic Global Advisors reiterated a “buy” rating on shares of Trinseo in a report on Monday, December 11th. Jefferies Group boosted their target price on shares of Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. Barclays boosted their target price on shares of Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Finally, ValuEngine upgraded shares of Trinseo from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $80.60.
Trinseo (NYSE:TSE) opened at $78.55 on Monday. The firm has a market cap of $3,430.00, a PE ratio of 12.31, a P/E/G ratio of 1.19 and a beta of 2.32. Trinseo has a 52-week low of $57.70 and a 52-week high of $80.25. The company has a debt-to-equity ratio of 2.05, a quick ratio of 1.78 and a current ratio of 2.59.
Trinseo (NYSE:TSE) last posted its quarterly earnings results 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). The business had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.03 billion. Trinseo had a return on equity of 65.80% and a net margin of 6.78%. The business’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.70 earnings per share. analysts anticipate that Trinseo will post 7.64 EPS for the current fiscal year.
In other news, insider David Phillip Stasse sold 10,043 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $71.17, for a total value of $714,760.31. Following the sale, the insider now directly owns 28,684 shares of the company’s stock, valued at approximately $2,041,440.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.26% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its stake in shares of Trinseo by 815.1% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 14,990 shares of the basic materials company’s stock valued at $1,006,000 after acquiring an additional 13,352 shares during the period. Point72 Asset Management L.P. increased its stake in 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 buying an additional 556,600 shares during the period. Engineers Gate Manager LP purchased a new stake in Trinseo during the 3rd quarter worth approximately $2,673,000. Impala Asset Management LLC purchased a new stake in Trinseo during the 3rd quarter worth approximately $46,812,000. Finally, Dimensional Fund Advisors LP increased its stake in 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 buying an additional 27,898 shares during the period. 96.88% of the stock is currently owned by institutional investors and hedge funds.
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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.