Trinseo PLC (NYSE:TSE) Receives Consensus Recommendation of “Moderate Buy” from Analysts

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

TSE has been the subject of a number of recent research reports. Morgan Stanley reduced their target price on shares of Trinseo from $33.00 to $20.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 12th. TheStreet cut shares of Trinseo from a “c” rating to a “d+” rating in a report on Thursday, November 3rd. Citigroup lifted their price objective on shares of Trinseo to $24.00 in a research report on Tuesday, November 15th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Trinseo from $21.00 to $25.00 and gave the company a “hold” rating in a research report on Monday, November 7th. Finally, StockNews.com assumed coverage on shares of Trinseo in a research report on Wednesday, October 12th. They set a “sell” rating on the stock.

Trinseo Stock Down 2.3 %

TSE stock opened at $25.36 on Friday. The firm’s fifty day simple moving average is $24.40 and its 200-day simple moving average is $26.55. 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 debt-to-equity ratio of 3.29, a current ratio of 2.19 and a quick ratio of 1.33. Trinseo has a 12 month low of $17.54 and a 12 month high of $59.73.

Trinseo (NYSE:TSEGet Rating) last announced its quarterly earnings results on Wednesday, November 2nd. The basic materials company reported ($2.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.54) by ($0.37). Trinseo had a return on equity of 8.37% and a net margin of 1.10%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.11 billion. As a group, equities research analysts forecast that Trinseo will post 0.06 earnings per share for the current year.

Trinseo Dividend Announcement

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

Institutional Inflows and Outflows

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

About Trinseo

(Get Rating)

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.

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Analyst Recommendations for Trinseo (NYSE:TSE)

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