Trinseo S.A. (TSE) Downgraded by BidaskClub to “Sell”

Trinseo S.A. (NYSE:TSE) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Saturday.

A number of other analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Trinseo from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 19th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $82.00 target price on shares of Trinseo in a research report on Friday, June 16th. Citigroup Inc. upped their target price on shares of Trinseo from $67.00 to $70.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 12th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $74.00 target price (up from $72.00) on shares of Trinseo in a research report on Wednesday. Finally, Barclays PLC reduced their target price on shares of Trinseo from $75.00 to $73.00 and set an “equal weight” rating on the stock in a research report on Friday, August 4th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Trinseo currently has an average rating of “Hold” and an average price target of $75.80.

Trinseo (TSE) opened at 59.35 on Friday. The firm has a 50 day moving average of $67.61 and a 200-day moving average of $67.04. Trinseo has a 1-year low of $44.70 and a 1-year high of $72.60. The company has a market capitalization of $2.60 billion, a price-to-earnings ratio of 8.41 and a beta of 2.38.

Trinseo (NYSE:TSE) last released its earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.80 by $0.41. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.08 billion. Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The firm’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.30 earnings per share. On average, equities research analysts anticipate that Trinseo will post $6.79 earnings per share for the current fiscal year.

Trinseo declared that its Board of Directors has initiated a share buyback program on Thursday, June 22nd that permits the company to repurchase 2,000,000 outstanding shares. This repurchase authorization permits the basic materials company to buy shares of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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In related news, insider Christopher D. Pappas sold 20,000 shares of the company’s stock in a transaction dated Monday, May 15th. The shares were sold at an average price of $64.00, for a total value of $1,280,000.00. Following the transaction, the insider now owns 260,240 shares in the company, valued at approximately $16,655,360. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $71.04, for a total transaction of $1,776,000.00. Following the completion of the transaction, the insider now owns 265,240 shares in the company, valued at approximately $18,842,649.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,000 shares of company stock worth $6,138,050. 0.65% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in TSE. Bank of Montreal Can boosted its position in shares of Trinseo by 82.8% in the first quarter. Bank of Montreal Can now owns 169,792 shares of the basic materials company’s stock worth $11,393,000 after buying an additional 76,897 shares during the last quarter. BLB&B Advisors LLC boosted its position in shares of Trinseo by 27.9% in the first quarter. BLB&B Advisors LLC now owns 8,093 shares of the basic materials company’s stock worth $543,000 after buying an additional 1,766 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in shares of Trinseo during the first quarter worth about $439,000. Quantitative Systematic Strategies LLC purchased a new position in shares of Trinseo during the first quarter worth about $208,000. Finally, Sanders Morris Harris Inc. purchased a new position in shares of Trinseo during the first quarter worth about $3,902,000.

About Trinseo

Trinseo SA is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics. The Company’s segments include Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks and Americas Styrenics. The Latex Binders segment produces styrene-butadiene latex (SB latex) and other latex polymers and binders.

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