Trinseo (NYSE:TSE – Get Rating) had its target price decreased by Deutsche Bank Aktiengesellschaft from $34.00 to $22.00 in a research note released on Tuesday morning, The Fly reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the basic materials company's stock.
TSE has been the subject of several other reports. Morgan Stanley lowered their price target on Trinseo from $47.00 to $33.00 and set an equal weight rating for the company in a research report on Thursday, August 18th. TheStreet lowered Trinseo from a b- rating to a c+ rating in a report on Tuesday, August 16th. Barclays decreased their target price on Trinseo from $53.00 to $35.00 and set an equal weight rating for the company in a report on Wednesday, August 10th. Jefferies Financial Group decreased their target price on Trinseo from $70.00 to $54.00 in a report on Thursday, June 16th. Finally, StockNews.com lowered Trinseo from a hold rating to a sell rating in a report on Tuesday, September 6th. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $24.28.
Get Trinseo alerts:Trinseo Price Performance
Shares of TSE stock opened at $18.74 on Tuesday. The company has a debt-to-equity ratio of 2.49, a current ratio of 2.22 and a quick ratio of 1.34. The firm's 50-day moving average is $29.89 and its two-hundred day moving average is $39.70. Trinseo has a 12 month low of $18.59 and a 12 month high of $61.63. The company has a market capitalization of $655.39 million, a PE ratio of 2.70 and a beta of 1.32.
Trinseo (NYSE:TSE – Get Rating) last issued its earnings results on Monday, August 8th. The basic materials company reported $1.79 EPS for the quarter, missing analysts' consensus estimates of $2.02 by ($0.23). Trinseo had a return on equity of 26.89% and a net margin of 5.04%. The firm had revenue of $1.43 billion for the quarter, compared to analysts' expectations of $1.37 billion. Analysts predict that Trinseo will post 4.94 earnings per share for the current year.Trinseo Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, October 6th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 6.83%. The ex-dividend date is Wednesday, October 5th. Trinseo's dividend payout ratio (DPR) is currently 18.42%.
Insider Transactions at Trinseo
In other news, Director Jeanmarie F. Desmond bought 1,335 shares of the business's stock in a transaction dated Wednesday, September 7th. The shares were acquired at an average price of $25.46 per share, for a total transaction of $33,989.10. Following the completion of the transaction, the director now owns 5,665 shares of the company's stock, valued at $144,230.90. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, Director Jeffrey J. Cote purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, August 15th. The shares were purchased at an average price of $31.76 per share, for a total transaction of $317,600.00. Following the transaction, the director now directly owns 30,117 shares of the company's stock, valued at approximately $956,515.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Jeanmarie F. Desmond purchased 1,335 shares of the company's stock in a transaction that occurred on Wednesday, September 7th. The stock was bought at an average price of $25.46 per share, for a total transaction of $33,989.10. Following the transaction, the director now directly owns 5,665 shares in the company, valued at $144,230.90. The disclosure for this purchase can be found here. Insiders own 1.50% of the company's stock.
Hedge Funds Weigh In On Trinseo
Institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. increased its position in Trinseo by 1,800.0% in the 1st quarter. Meeder Asset Management Inc. now owns 551 shares of the basic materials company's stock valued at $26,000 after acquiring an additional 522 shares during the period. Ellevest Inc. boosted its holdings in Trinseo by 202.3% in the 1st quarter. Ellevest Inc. now owns 653 shares of the basic materials company's stock valued at $31,000 after purchasing an additional 437 shares in the last quarter. Steward Partners Investment Advisory LLC boosted its holdings in Trinseo by 233.3% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the basic materials company's stock valued at $48,000 after purchasing an additional 700 shares in the last quarter. UMB Bank N A MO purchased a new stake in Trinseo in the 1st quarter valued at approximately $50,000. Finally, Citizens National Bank Trust Department purchased a new stake in Trinseo in the 4th quarter valued at approximately $73,000. Institutional investors and hedge funds own 97.00% of the company's stock.
About Trinseo
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Trinseo PLC, a materials solutions provider, manufactures and sells plastics and latex binders in the United States, Europe, the Asia-Pacific, and internationally. The company operates through six segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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