Trinseo (NYSE:TSE) Upgraded at Zacks Research

Zacks Research upgraded shares of Trinseo (NYSE:TSE) from a strong sell rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Alembic Global Advisors reaffirmed a “neutral” rating and issued a $1.00 target price on shares of Trinseo in a research report on Monday, December 1st. Weiss Ratings reissued a “sell (e+)” rating on shares of Trinseo in a research note on Monday, December 29th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Trinseo presently has a consensus rating of “Reduce” and an average price target of $1.00.

Trinseo Stock Up 2.0%

Trinseo stock opened at $0.33 on Wednesday. Trinseo has a 12 month low of $0.27 and a 12 month high of $5.78. The stock has a market cap of $11.58 million, a P/E ratio of -0.03 and a beta of 1.46. The company’s fifty day simple moving average is $0.50 and its 200-day simple moving average is $1.35.

Institutional Investors Weigh In On Trinseo

A number of large investors have recently added to or reduced their stakes in the stock. Police & Firemen s Retirement System of New Jersey bought a new position in shares of Trinseo in the second quarter valued at approximately $27,000. Russell Investments Group Ltd. grew its stake in Trinseo by 2,181.1% in the 3rd 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 during the last quarter. May Hill Capital LLC bought a new position in Trinseo in the 2nd quarter worth $33,000. Sugar Maple Asset Management LLC acquired a new position in Trinseo during the 2nd quarter worth $41,000. Finally, Intech Investment Management LLC bought a new stake in Trinseo during the second quarter valued at about $48,000. Institutional investors own 82.69% of the company’s stock.

About Trinseo

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.