Trinseo (NYSE:TSE) PT Set at $40.00 by Barclays
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.
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.
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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