Trinseo (NYSE:TSE) has been given a $40.00 price target by equities research analysts at Barclays in a research note issued to investors on Monday, TipRanks reports. The firm presently has a “hold” rating on the basic materials company’s stock. Barclays‘s target price suggests a potential downside of 8.97% from the company’s previous close.

A number of other brokerages have also recently issued reports on TSE. Goldman Sachs Group cut shares of Trinseo from a “neutral” rating to a “sell” rating in a research note on Wednesday, July 17th. Deutsche Bank set a $38.00 target price on Trinseo and gave the stock a “buy” rating in a research note on Monday, August 12th. Zacks Investment Research cut Trinseo from a “hold” rating to a “strong sell” rating in a research note on Thursday, July 4th. ValuEngine raised Trinseo from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Citigroup lowered Trinseo from a “buy” rating to a “neutral” rating and decreased their price target for the company from $48.00 to $32.00 in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $46.43.

Trinseo stock traded up $1.57 during trading hours on Monday, reaching $43.94. 729,655 shares of the stock were exchanged, compared to its average volume of 443,948. The company has a current ratio of 2.83, a quick ratio of 2.04 and a debt-to-equity ratio of 1.63. Trinseo has a twelve month low of $27.36 and a twelve month high of $82.18. The company has a market cap of $1.59 billion, a P/E ratio of 6.06, a price-to-earnings-growth ratio of 0.83 and a beta of 2.01. The stock has a 50 day moving average of $34.03 and a two-hundred day moving average of $41.12.

Trinseo (NYSE:TSE) last issued its earnings results on Thursday, August 8th. The basic materials company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.62 by ($0.63). Trinseo had a net margin of 3.25% and a return on equity of 22.71%. The firm had revenue of $951.80 million during the quarter, compared to analyst estimates of $1.07 billion. During the same quarter in the previous year, the firm posted $2.40 earnings per share. Trinseo’s quarterly revenue was down 23.0% compared to the same quarter last year. On average, analysts expect that Trinseo will post 3.96 earnings per share for the current fiscal year.

In related news, insider Frank A. Bozich acquired 15,000 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was acquired at an average cost of $28.97 per share, for a total transaction of $434,550.00. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 1.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Prudential PLC grew its position in Trinseo by 7.4% during the 2nd quarter. Prudential PLC now owns 7,757,914 shares of the basic materials company’s stock worth $325,832,000 after acquiring an additional 536,746 shares during the last quarter. LSV Asset Management increased its holdings in Trinseo by 5.1% in the 1st quarter. LSV Asset Management now owns 2,470,156 shares of the basic materials company’s stock worth $111,898,000 after purchasing an additional 118,850 shares in the last quarter. Prudential Financial Inc. increased its holdings in Trinseo by 124.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock worth $50,771,000 after purchasing an additional 663,792 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Trinseo by 7.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 1,147,764 shares of the basic materials company’s stock worth $48,195,000 after purchasing an additional 75,983 shares in the last quarter. Finally, Nuveen Asset Management LLC bought a new position in Trinseo in the second quarter valued at about $27,805,000. Institutional investors own 96.56% of the company’s stock.

About Trinseo

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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Analyst Recommendations for Trinseo (NYSE:TSE)

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