Analysts Set Trinseo PLC (NYSE:TSE) Target Price at $25.48

Shares of Trinseo PLC (NYSE:TSEGet Rating) have been assigned a consensus rating of “Moderate Buy” from the fifteen ratings firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $25.48.

TSE has been the topic of a number of research reports. TheStreet downgraded shares of Trinseo from a “b-” rating to a “c+” rating in a research note on Tuesday, August 16th. Barclays decreased their price objective on shares of Trinseo from $53.00 to $35.00 and set an “equal weight” rating for the company in a report on Wednesday, August 10th. Deutsche Bank Aktiengesellschaft cut Trinseo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $42.00 to $34.00 in a research report on Thursday, August 11th. Morgan Stanley lowered their price objective on Trinseo from $47.00 to $33.00 and set an “equal weight” rating on the stock in a report on Thursday, August 18th. Finally, StockNews.com lowered Trinseo from a “hold” rating to a “sell” rating in a report on Tuesday, September 6th.

Insiders Place Their Bets

In other Trinseo news, major shareholder M&G Investment Management Ltd sold 3,000 shares of Trinseo stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $43.51, for a total value of $130,530.00. Following the transaction, the insider now directly owns 7,625,044 shares of the company’s stock, valued at approximately $331,765,664.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other Trinseo news, major shareholder M&G Investment Management Ltd sold 3,000 shares of Trinseo stock in a transaction that occurred on Tuesday, July 19th. The stock was sold at an average price of $43.51, for a total value of $130,530.00. Following the transaction, the insider now directly owns 7,625,044 shares of the company’s stock, valued at approximately $331,765,664.44. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Jeanmarie F. Desmond acquired 1,335 shares of the stock in a transaction dated Wednesday, September 7th. The shares were purchased 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 approximately $144,230.90. The disclosure for this purchase can be found here. Company insiders own 1.50% of the company’s stock.

Institutional Trading of Trinseo

A number of institutional investors and hedge funds have recently modified their holdings of TSE. Goldman Sachs Group Inc. grew its position in Trinseo by 29.5% in the second quarter. Goldman Sachs Group Inc. now owns 162,918 shares of the basic materials company’s stock valued at $6,266,000 after acquiring an additional 37,085 shares during the period. First Republic Investment Management Inc. grew its position in Trinseo by 3.2% in the second quarter. First Republic Investment Management Inc. now owns 18,138 shares of the basic materials company’s stock valued at $698,000 after acquiring an additional 567 shares during the period. Price T Rowe Associates Inc. MD grew its position in Trinseo by 3.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 16,151 shares of the basic materials company’s stock valued at $621,000 after acquiring an additional 510 shares during the period. AQR Capital Management LLC bought a new stake in Trinseo in the second quarter valued at $871,000. Finally, Point72 Hong Kong Ltd bought a new stake in Trinseo in the second quarter valued at $85,000. 97.00% of the stock is currently owned by institutional investors.

Trinseo Price Performance

Shares of NYSE:TSE opened at $25.05 on Friday. The company’s fifty day moving average is $32.17 and its two-hundred day moving average is $40.71. The company has a quick ratio of 1.34, a current ratio of 2.22 and a debt-to-equity ratio of 2.49. Trinseo has a 12-month low of $23.37 and a 12-month high of $61.63. The company has a market cap of $876.07 million, a P/E ratio of 3.60 and a beta of 1.32.

Trinseo (NYSE:TSEGet Rating) last posted its quarterly earnings results on Monday, August 8th. The basic materials company reported $1.79 earnings per share 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 company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.37 billion. Equities analysts expect that Trinseo will post 4.94 earnings per share for the current fiscal year.

About Trinseo

(Get Rating)

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.

Featured Articles

Analyst Recommendations for Trinseo (NYSE:TSE)

Receive News & Ratings for Trinseo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Trinseo and related companies with MarketBeat.com's FREE daily email newsletter.