Analysts Set Trinseo PLC (NYSE:TSE) Target Price at $22.43

Shares of Trinseo PLC (NYSE:TSE – Get Rating) have been assigned an average rating of “Moderate Buy” from the sixteen research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $22.43.

Several equities research analysts have commented on TSE shares. TheStreet cut shares of Trinseo from a “c” rating to a “d+” rating in a research report on Thursday, November 3rd. Citigroup boosted their price target on shares of Trinseo to $24.00 in a research report on Tuesday, November 15th. StockNews.com started coverage on shares of Trinseo in a research report on Wednesday, October 12th. They issued a “sell” rating on the stock. Barclays boosted their price target on shares of Trinseo from $22.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, November 14th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Trinseo from $21.00 to $25.00 and gave the stock a “hold” rating in a research report on Monday, November 7th.

Hedge Funds Weigh In On Trinseo

A number of large investors have recently made changes to their positions in TSE. CWM LLC increased its holdings in shares of Trinseo by 1,099.2% in the 3rd quarter. CWM LLC now owns 1,451 shares of the basic materials company’s stock valued at $27,000 after purchasing an additional 1,330 shares during the period. Destiny Wealth Partners LLC acquired a new position in shares of Trinseo in the 3rd quarter valued at about $73,000. Point72 Hong Kong Ltd increased its holdings in shares of Trinseo by 107.6% in the 3rd quarter. Point72 Hong Kong Ltd now owns 4,585 shares of the basic materials company’s stock valued at $84,000 after purchasing an additional 2,376 shares during the period. Citizens National Bank Trust Department bought a new stake in shares of Trinseo in the 2nd quarter valued at approximately $85,000. Finally, Counterpoint Mutual Funds LLC bought a new stake in Trinseo during the second quarter worth approximately $103,000. Institutional investors and hedge funds own 90.42% of the company’s stock.

Trinseo Stock Performance

TSE stock opened at $25.36 on Friday. The company has a market capitalization of $886.94 million, a P/E ratio of 21.49 and a beta of 1.46. The company has a 50-day simple moving average of $24.40 and a 200 day simple moving average of $26.55. Trinseo has a fifty-two week low of $17.54 and a fifty-two week high of $59.73. The company has a quick ratio of 1.33, a current ratio of 2.19 and a debt-to-equity ratio of 3.29.

Trinseo (NYSE:TSE – Get Rating) last posted its quarterly earnings data on Wednesday, November 2nd. The basic materials company reported ($2.91) earnings per share for the quarter, missing the consensus estimate of ($2.54) by ($0.37). The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.11 billion. Trinseo had a return on equity of 8.37% and a net margin of 1.10%. Sell-side analysts predict that Trinseo will post 0.06 earnings per share for the current fiscal year.

Trinseo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 19th. Shareholders of record on Thursday, January 5th were issued a dividend of $0.32 per share. The ex-dividend date was Wednesday, January 4th. This represents a $1.28 annualized dividend and a yield of 5.05%. Trinseo’s payout ratio is presently 108.47%.

Trinseo Company Profile

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Trinseo PLC, a materials solutions provider, manufactures and sells plastics and latex binders in the United States, Europe, the Asia-Pacific, and internationally. The company operates through six segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, Feedstocks, and Americas Styrenics.