In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Trinseo (TSE – Research Report), with a price target of $23.00. The company’s shares closed today at $16.27.
Ahmed covers the Basic Materials sector, focusing on stocks such as Trinseo, Celanese, and Methanex. According to TipRanks, Ahmed has an average return of 7.3% and a 51.90% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Trinseo with a $20.75 average price target.
See the top stocks recommended by analysts >>
Based on Trinseo’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $996.3 million and a GAAP net loss of $48.9 million. In comparison, last year the company earned a revenue of $1.39 billion and had a net profit of $16.7 million
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division includes latex binders, synthetic rubber and performance plastics segments. The Basic Plastics & Feedstocks division offers basic plastics, feedstocks and americas styrenics. The company was founded on June 3, 2010 and is headquartered in Berwyn, PA.
Read More on TSE:
