ValuEngine Lowers Trinseo (TSE) to Strong Sell

Trinseo (NYSE:TSE) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research note issued on Thursday.

A number of other research analysts have also commented on TSE. Zacks Investment Research lowered shares of Trinseo from a “hold” rating to a “sell” rating in a research note on Thursday, July 12th. MED reiterated a “buy” rating and issued a $90.00 price target on shares of Trinseo in a research note on Thursday, August 2nd. Finally, Citigroup decreased their price target on shares of Trinseo from $80.00 to $76.00 and set a “neutral” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. Trinseo has a consensus rating of “Hold” and an average price target of $85.57.

Shares of TSE opened at $61.49 on Thursday. Trinseo has a 52 week low of $58.26 and a 52 week high of $85.35. The stock has a market capitalization of $3.34 billion, a P/E ratio of 7.56, a P/E/G ratio of 0.70 and a beta of 2.21. The company has a current ratio of 2.87, a quick ratio of 2.01 and a debt-to-equity ratio of 1.45.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, August 2nd. The basic materials company reported $2.40 EPS for the quarter, beating the Zacks’ consensus estimate of $2.18 by $0.22. Trinseo had a net margin of 8.11% and a return on equity of 59.09%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.11 billion. During the same quarter in the prior year, the business earned $1.39 EPS. Trinseo’s quarterly revenue was up 8.0% on a year-over-year basis. Equities analysts expect that Trinseo will post 9.31 earnings per share for the current year.

In other Trinseo news, insider Catherine C. Keenan sold 1,643 shares of the stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $77.95, for a total transaction of $128,071.85. Following the transaction, the insider now owns 6,534 shares in the company, valued at approximately $509,325.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.00% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in TSE. First Quadrant L P CA acquired a new position in shares of Trinseo during the 2nd quarter worth approximately $117,000. Legacy Financial Advisors Inc. acquired a new position in shares of Trinseo during the 2nd quarter worth approximately $125,000. Jane Street Group LLC acquired a new position in shares of Trinseo during the 1st quarter worth approximately $202,000. Wilen Investment Management CORP. grew its position in shares of Trinseo by 34.8% during the 2nd quarter. Wilen Investment Management CORP. now owns 3,773 shares of the basic materials company’s stock worth $287,000 after purchasing an additional 973 shares in the last quarter. Finally, Sciencast Management LP acquired a new position in shares of Trinseo during the 1st quarter worth approximately $292,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.

Trinseo Company Profile

Trinseo SA, a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments.

Further Reading: What Does Beta Mean In Stock Selection

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Analyst Recommendations for Trinseo (NYSE:TSE)

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