News stories about Trinseo (NYSE:TSE) have trended somewhat positive on Wednesday, according to Accern Sentiment. Accern identifies positive and negative press coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Trinseo earned a coverage optimism score of 0.21 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 45.8750219890993 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Shares of Trinseo (NYSE:TSE) opened at $77.45 on Wednesday. The company has a market capitalization of $3,433.00, a P/E ratio of 12.12, a price-to-earnings-growth ratio of 1.19 and a beta of 2.33. The company has a debt-to-equity ratio of 2.05, a current ratio of 2.59 and a quick ratio of 1.78. Trinseo has a 12 month low of $57.70 and a 12 month high of $80.25.
Trinseo (NYSE:TSE) last released its earnings results on Thursday, November 2nd. The basic materials company reported $2.18 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.22 by ($0.04). The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.03 billion. Trinseo had a net margin of 6.78% and a return on equity of 65.80%. The company’s revenue was up 17.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.70 EPS. equities research analysts expect that Trinseo will post 7.64 earnings per share for the current fiscal year.
Several research firms have recently weighed in on TSE. Zacks Investment Research upgraded Trinseo from a “hold” rating to a “buy” rating and set a $77.00 price objective on the stock in a report on Wednesday, October 11th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a report on Sunday, December 31st. Deutsche Bank lifted their price objective on Trinseo to $92.00 and gave the company a “buy” rating in a report on Monday. Barclays lifted their price objective on Trinseo from $73.00 to $78.00 and gave the company an “equal weight” rating in a report on Tuesday, November 7th. Finally, Jefferies Group lifted their price objective on Trinseo from $82.00 to $85.00 and gave the company a “buy” rating in a report on Monday, November 6th. Three investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $80.60.
In other Trinseo news, insider David Phillip Stasse sold 10,043 shares of the business’s stock in a transaction that occurred on Friday, November 10th. The stock was sold at an average price of $71.17, for a total value of $714,760.31. Following the sale, the insider now owns 28,684 shares in the company, valued at approximately $2,041,440.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.26% of the company’s stock.
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Trinseo Company Profile
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.
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