Trinseo S.A. (TSE) Receives Consensus Rating of “Buy” from Analysts

Trinseo S.A. (NYSE:TSE) has been given a consensus recommendation of “Buy” by the nine brokerages that are currently covering the firm, Marketbeat reports. Four research 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 1 year target price among brokers that have covered the stock in the last year is $85.50.

Several analysts recently weighed in on the company. Zacks Investment Research cut Trinseo from a “buy” rating to a “hold” rating and set a $87.00 price target for the company. in a report on Saturday, February 10th. Barclays lifted their price target on Trinseo from $78.00 to $85.00 and gave the stock an “equal weight” rating in a report on Thursday, February 1st. Jefferies Group lifted their price target on Trinseo to $97.00 and gave the stock a “buy” rating in a report on Tuesday, January 30th. Wells Fargo & Co reissued an “outperform” rating and set a $84.00 price target (up from $79.00) on shares of Trinseo in a report on Wednesday, January 17th. Finally, Deutsche Bank lifted their price target on Trinseo to $92.00 and gave the stock a “buy” rating in a report on Monday, January 15th.

Shares of Trinseo (NYSE:TSE) opened at $80.20 on Thursday. The firm has a market capitalization of $3,510.00, a P/E ratio of 12.57, a P/E/G ratio of 0.91 and a beta of 2.31. 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 has a fifty-two week low of $57.70 and a fifty-two week high of $85.35.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 23rd. Investors of record on Tuesday, January 9th were issued a dividend of $0.36 per share. The ex-dividend date of this dividend was Monday, January 8th. This represents a $1.44 annualized dividend and a yield of 1.80%. Trinseo’s payout ratio is currently 22.57%.

A number of large investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in Trinseo in the 4th quarter valued at $168,536,000. Impala Asset Management LLC acquired a new position in Trinseo in the 3rd quarter valued at $46,812,000. Point72 Asset Management L.P. raised its holdings in Trinseo by 428.2% in the 3rd quarter. Point72 Asset Management L.P. now owns 686,600 shares of the basic materials company’s stock valued at $46,071,000 after acquiring an additional 556,600 shares in the last quarter. LSV Asset Management raised its holdings in Trinseo by 21.9% in the 4th quarter. LSV Asset Management now owns 2,200,011 shares of the basic materials company’s stock valued at $159,720,000 after acquiring an additional 394,536 shares in the last quarter. Finally, State Street Corp raised its holdings in Trinseo by 55.2% in the 2nd quarter. State Street Corp now owns 886,363 shares of the basic materials company’s stock valued at $60,892,000 after acquiring an additional 315,334 shares in the last quarter.

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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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