Trinseo PLC (NYSE:TSE) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Trinseo PLC (NYSE:TSEGet Rating) has received an average rating of “Moderate Buy” from the sixteen ratings firms that are currently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $30.59.

A number of research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Trinseo from $52.00 to $42.00 and set a “maintains” rating on the stock in a report on Wednesday. Cormark decreased their price objective on Trinseo from $70.00 to $55.00 in a research note on Monday, May 16th. Jefferies Financial Group decreased their target price on Trinseo from $70.00 to $54.00 in a research note on Thursday, June 16th. ATB Capital raised their price target on Trinseo from $5.50 to $6.25 and gave the company an “outperform” rating in a report on Monday, May 16th. Finally, Morgan Stanley reiterated an “equal weight” rating and issued a $12.30 target price on shares of Trinseo in a report on Monday, May 16th.

Trinseo Stock Down 0.5 %

Shares of NYSE TSE opened at $35.50 on Friday. Trinseo has a 12 month low of $33.13 and a 12 month high of $61.63. The company has a current ratio of 2.11, a quick ratio of 1.39 and a debt-to-equity ratio of 2.37. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of 3.64 and a beta of 1.35. The business has a 50-day moving average of $41.67 and a 200-day moving average of $47.35.

Trinseo (NYSE:TSEGet Rating) last announced its quarterly earnings data on Wednesday, May 4th. The basic materials company reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.73 by $0.35. The firm had revenue of $1.39 billion during the quarter, compared to the consensus estimate of $1.38 billion. Trinseo had a return on equity of 36.17% and a net margin of 7.37%. Sell-side analysts expect that Trinseo will post 6.99 earnings per share for the current fiscal year.

Trinseo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 21st. Stockholders of record on Thursday, July 7th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Wednesday, July 6th. Trinseo’s payout ratio is currently 13.11%.

Insider Buying and Selling at Trinseo

In related news, major shareholder M&G Investment Management Ltd sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, July 19th. The stock was sold at an average price of $43.51, for a total transaction of $130,530.00. Following the transaction, the insider now owns 7,625,044 shares of the company’s stock, valued at $331,765,664.44. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Meeder Asset Management Inc. grew its stake in shares of Trinseo by 1,800.0% during the 1st quarter. Meeder Asset Management Inc. now owns 551 shares of the basic materials company’s stock valued at $26,000 after buying an additional 522 shares during the period. Ellevest Inc. boosted its position in Trinseo by 202.3% during the 1st quarter. Ellevest Inc. now owns 653 shares of the basic materials company’s stock worth $31,000 after purchasing an additional 437 shares during the period. Steward Partners Investment Advisory LLC boosted its position in Trinseo by 233.3% during the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,000 shares of the basic materials company’s stock worth $48,000 after purchasing an additional 700 shares during the period. UMB Bank N A MO purchased a new stake in Trinseo during the 1st quarter worth $50,000. Finally, Citizens National Bank Trust Department purchased a new position in Trinseo in the 4th quarter valued at about $73,000. 95.05% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Company Profile

(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.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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