According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
Several other research analysts also recently weighed in on TSE. Citigroup reduced their target price on Trinseo from $64.00 to $57.00 and set a “neutral” rating for the company in a research note on Friday, August 6th. Tudor Pickering raised Trinseo from a “hold” rating to a “buy” rating and set a $72.00 target price for the company in a research note on Wednesday, July 21st. Alembic Global Advisors reissued a “buy” rating and issued a $70.00 price objective on shares of Trinseo in a research note on Monday, September 13th. Finally, TD Securities raised Trinseo from a “hold” rating to a “buy” rating and set a $72.00 price objective for the company in a research note on Wednesday, July 21st. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Trinseo has an average rating of “Buy” and an average target price of $57.67.
Trinseo (NYSE:TSE) last issued its earnings results on Wednesday, August 4th. The basic materials company reported $3.70 EPS for the quarter, beating the Zacks’ consensus estimate of $2.84 by $0.86. Trinseo had a return on equity of 69.20% and a net margin of 9.94%. The firm had revenue of $1.27 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the prior year, the firm earned ($2.95) earnings per share. Trinseo’s revenue for the quarter was up 138.4% on a year-over-year basis. On average, analysts anticipate that Trinseo will post 10.9 earnings per share for the current fiscal year.
In other Trinseo news, Director Matthew Farrell purchased 5,000 shares of the stock in a transaction dated Wednesday, September 15th. The stock was acquired at an average cost of $48.53 per share, for a total transaction of $242,650.00. Following the acquisition, the director now owns 19,260 shares in the company, valued at approximately $934,687.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 2.20% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. lifted its stake in Trinseo by 54.6% during the 1st quarter. Rockefeller Capital Management L.P. now owns 419 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 148 shares in the last quarter. Globeflex Capital L P acquired a new position in Trinseo during the 1st quarter worth about $102,000. FORA Capital LLC acquired a new position in Trinseo during the 1st quarter worth about $105,000. McIlrath & Eck LLC acquired a new position in Trinseo during the 2nd quarter worth about $138,000. Finally, Nisa Investment Advisors LLC lifted its stake in Trinseo by 25.8% during the 2nd quarter. Nisa Investment Advisors LLC now owns 2,390 shares of the basic materials company’s stock worth $143,000 after acquiring an additional 490 shares in the last quarter. 91.84% of the stock is currently owned by hedge funds and other institutional investors.
Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstock’s, Americas Styrene’s, and Corporate. The Latex Binders segment produces styrene-butadiene latex and other latex polymers and binders, primarily for coated paper and packaging board, carpet and artificial turf backings.
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