Trinseo S.A. (NYSE:TSE) Given Consensus Rating of “Hold” by Brokerages
Trinseo S.A. (NYSE:TSE) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the stock, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $62.14.
A number of research firms have weighed in on TSE. Zacks Investment Research downgraded shares of GENEL ENERGY PL/ADR from a “hold” rating to a “sell” rating in a research note on Thursday, July 4th. ValuEngine lowered shares of Welbilt from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Goldman Sachs Group set a €100.00 ($116.28) price objective on shares of Henkel AG & Co KGaA and gave the company a “buy” rating in a research report on Wednesday, July 17th. Deutsche Bank upgraded shares of MGM CHINA HOLDI/ADR to a “buy” rating in a research report on Monday, July 1st. Finally, TheStreet downgraded shares of Trinseo from a “b-” rating to a “c+” rating in a research report on Friday, May 17th.
Trinseo stock traded up $0.90 during trading on Thursday, hitting $39.64. The company had a trading volume of 8,325 shares, compared to its average volume of 336,291. The company has a 50 day simple moving average of $39.92. The stock has a market cap of $1.64 billion, a PE ratio of 5.41, a price-to-earnings-growth ratio of 0.56 and a beta of 2.09. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 1.61. Trinseo has a 1-year low of $36.40 and a 1-year high of $82.18.
The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 4.04%. The ex-dividend date of this dividend was Wednesday, July 10th. Trinseo’s payout ratio is 22.07%.
In other Trinseo news, insider Catherine C. Keenan sold 5,050 shares of the company’s stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $38.41, for a total transaction of $193,970.50. Following the transaction, the insider now directly owns 15,901 shares in the company, valued at approximately $610,757.41. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Catherine C. Keenan sold 2,082 shares of the stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $44.56, for a total transaction of $92,773.92. Following the completion of the sale, the insider now owns 10,079 shares in the company, valued at $449,120.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 19,396 shares of company stock worth $754,861. 1.80% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of TSE. Bessemer Group Inc. bought a new position in shares of Trinseo in the second quarter valued at $152,000. Nisa Investment Advisors LLC grew its position in Trinseo by 1,777.8% in the first quarter. Nisa Investment Advisors LLC now owns 4,225 shares of the basic materials company’s stock valued at $191,000 after acquiring an additional 4,000 shares during the last quarter. First Midwest Bank Trust Division bought a new stake in shares of Trinseo during the first quarter worth about $249,000. Amalgamated Bank grew its holdings in shares of Trinseo by 73.4% during the fourth quarter. Amalgamated Bank now owns 6,104 shares of the basic materials company’s stock worth $279,000 after purchasing an additional 2,584 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in shares of Trinseo in the first quarter worth approximately $358,000. 97.04% of the stock is owned by institutional investors and hedge funds.
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 six segments: Latex Binders, Synthetic Rubber, Performance Plastics, Polystyrene, Feedstocks, and Americas Styrenics.
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