Trinseo (NYSE:TSE) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Trinseo (NYSE:TSE) from a hold rating to a strong sell rating in a research report released on Tuesday morning,Zacks.com reports.

Several other analysts have also recently weighed in on the stock. Alembic Global Advisors reiterated a “neutral” rating and issued a $1.00 price target on shares of Trinseo in a report on Monday, December 1st. Weiss Ratings restated a “sell (e+)” rating on shares of Trinseo in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Sell” and an average price target of $1.00.

Trinseo Trading Down 4.8%

Shares of TSE stock opened at $0.46 on Tuesday. The firm has a market capitalization of $16.17 million, a P/E ratio of -0.04 and a beta of 1.45. The firm’s fifty day simple moving average is $0.66 and its 200 day simple moving average is $1.71. Trinseo has a 1 year low of $0.44 and a 1 year high of $5.99.

Trinseo (NYSE:TSE) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported ($2.41) EPS for the quarter, missing analysts’ consensus estimates of ($1.96) by ($0.45). The business had revenue of $743.20 million for the quarter, compared to analysts’ expectations of $792.00 million. Equities research analysts anticipate that Trinseo will post -3.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Police & Firemen s Retirement System of New Jersey purchased a new stake in shares of Trinseo in the second quarter valued at about $27,000. PFG Investments LLC raised its holdings in Trinseo by 64.3% in the third quarter. PFG Investments LLC now owns 23,004 shares of the basic materials company’s stock valued at $54,000 after buying an additional 9,002 shares during the period. May Hill Capital LLC acquired a new position in shares of Trinseo during the 2nd quarter valued at $33,000. Russell Investments Group Ltd. grew its stake in shares of Trinseo by 2,181.1% in the third quarter. Russell Investments Group Ltd. now owns 13,276 shares of the basic materials company’s stock valued at $31,000 after buying an additional 12,694 shares in the last quarter. Finally, Sugar Maple Asset Management LLC purchased a new stake in Trinseo during the 2nd quarter worth $41,000. 82.69% of the stock is currently owned by institutional investors and hedge funds.

Trinseo Company Profile

Trinseo (NYSE: TSE) is a global materials company specializing in the production of plastics, latex binders, synthetic rubber and specialty polymers. The company’s portfolio includes polystyrene, acrylonitrile-butadiene-styrene (ABS), polycarbonate, styrene-butadiene rubber and various latex products. These materials serve as key components in a wide range of end markets, such as automotive, electronics, appliances, medical devices, consumer goods and paper and board coatings.

Founded in 2010 through the spin-off of certain businesses from The Dow Chemical Company, Trinseo began trading as Styron before adopting its current name in 2012.