Trinseo (NYSE:TSE) had its target price reduced by Morgan Stanley from $49.00 to $32.00 in a report released on Wednesday, BenzingaRatingsTable reports. Morgan Stanley currently has an equal weight rating on the basic materials company’s stock.

A number of other equities research analysts have also recently weighed in on TSE. TheStreet cut Trinseo from a b- rating to a c+ rating in a research note on Friday, May 17th. Zacks Investment Research cut Trinseo from a hold rating to a strong sell rating in a research note on Thursday, July 4th. Citigroup cut Trinseo from a buy rating to a neutral rating and dropped their price objective for the company from $48.00 to $32.00 in a research note on Tuesday. Goldman Sachs Group cut Trinseo from a neutral rating to a sell rating in a research note on Wednesday, July 17th. Finally, Deutsche Bank dropped their price objective on Trinseo from $55.00 to $50.00 and set a buy rating for the company in a research note on Monday, July 1st. They noted that the move was a valuation call. Three equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. The stock has an average rating of Hold and an average price target of $49.86.

NYSE:TSE traded down $0.57 on Wednesday, reaching $27.87. The company’s stock had a trading volume of 4,498 shares, compared to its average volume of 421,978. Trinseo has a 12-month low of $27.37 and a 12-month high of $82.18. The company has a current ratio of 2.81, a quick ratio of 2.05 and a debt-to-equity ratio of 1.61. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of 3.84, a price-to-earnings-growth ratio of 0.55 and a beta of 2.02. The company has a 50 day moving average of $37.76.

Trinseo (NYSE:TSE) last posted its earnings results on Thursday, August 8th. The basic materials company reported $0.99 EPS for the quarter, missing the Zacks’ consensus estimate of $1.62 by ($0.63). Trinseo had a net margin of 3.25% and a return on equity of 22.44%. The business had revenue of $951.80 million during the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm earned $2.40 EPS. Trinseo’s revenue for the quarter was down 23.0% compared to the same quarter last year. Research analysts anticipate that Trinseo will post 4.51 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Wednesday, July 10th. This represents a $1.60 annualized dividend and a yield of 5.74%. Trinseo’s payout ratio is 22.07%.

In other news, insider Catherine C. Keenan sold 12,264 shares of the company’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $38.17, for a total transaction of $468,116.88. Following the completion of the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at approximately $606,941.17. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Catherine C. Keenan sold 5,050 shares of the company’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $38.41, for a total value of $193,970.50. Following the transaction, the insider now directly owns 15,901 shares of the company’s stock, valued at $610,757.41. The disclosure for this sale can be found here. Insiders own 1.80% of the company’s stock.

Several large investors have recently added to or reduced their stakes in TSE. Norges Bank acquired a new position in shares of Trinseo during the 4th quarter worth about $34,146,000. Prudential Financial Inc. boosted its position in shares of Trinseo by 124.0% during the 2nd quarter. Prudential Financial Inc. now owns 1,199,121 shares of the basic materials company’s stock worth $50,771,000 after acquiring an additional 663,792 shares in the last quarter. Nuveen Asset Management LLC acquired a new position in shares of Trinseo during the 2nd quarter worth about $27,805,000. FMR LLC boosted its position in shares of Trinseo by 151.9% during the 4th quarter. FMR LLC now owns 678,340 shares of the basic materials company’s stock worth $31,054,000 after acquiring an additional 409,062 shares in the last quarter. Finally, Man Group plc boosted its position in shares of Trinseo by 45.7% during the 2nd quarter. Man Group plc now owns 488,245 shares of the basic materials company’s stock worth $20,673,000 after acquiring an additional 153,136 shares in the last quarter. 96.81% 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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Analyst Recommendations for Trinseo (NYSE:TSE)

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