In yesterday’s Wall Street session, Trinseo PLC (NYSE:TSE) shares traded at $26.59, up 3.30% from the previous session.
8 analysts cover Trinseo PLC (NYSE:TSE), according to research data. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $40.00 and a low of $20.00, we find $25.00. Given the previous closing price of $25.74, this indicates a potential downside of -2.87 percent. TSE stock price is now 8.81% away from the 50-day moving average and -17.40% away from the 200-day moving average. The market capitalization of the company currently stands at $916.29M.
The stock has received a hold rating from 6 analysts and a buy rating from 2. Brokers who have rated the stock have averaged $25.75 as their price target over the next twelve months.
With the price target reduced from $42 to $34, Deutsche Bank Downgraded its rating from Buy to Hold for Trinseo PLC (NYSE: TSE)., while ‘TD Securities’ rates the stock as ‘Buy’.
In other news, MARTENS PHILIP R, Director sold 6,900 shares of the company’s stock on Nov 16. The stock was sold for $169,706 at an average price of $24.59. Upon completion of the transaction, the Director now directly owns 10,300 shares in the company, valued at $0.27 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 08, Director Desmond Jeanmarie F. bought 2,850 shares of the business’s stock. A total of $71,278 was incurred on buying the stock at an average price of $25.01. This leaves the insider owning 8,515 shares of the company worth $0.23 million. Insiders disposed of 340,246 shares of company stock worth roughly $9.05 million over the past 1 year. A total of 0.60% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in TSE stock. A new stake in Trinseo PLC shares was purchased by TWINBEECH CAPITAL LP during the first quarter worth $2,462,000. TUDOR INVESTMENT CORP ET AL invested $2,056,000 in shares of TSE during the first quarter. In the first quarter, MUTUAL ADVISORS, LLC acquired a new stake in Trinseo PLC valued at approximately $1,403,000. DUALITY ADVISERS, LP acquired a new stake in TSE for approximately $887,000. DYNAMIC TECHNOLOGY LAB PRIVATE LTD purchased a new stake in TSE valued at around $806,000 in the second quarter. In total, there are 283 active investors with 93.50% ownership of the company’s stock.
On Monday morning Trinseo PLC (NYSE: TSE) stock kicked off with the opening price of $25.71. During the past 12 months, Trinseo PLC has had a low of $17.54 and a high of $59.73. As of last week, the company has a debt-to-equity ratio of 3.32, a current ratio of 2.20, and a quick ratio of 1.30. The fifty day moving average price for TSE is $24.44 and a two-hundred day moving average price translates $32.19 for the stock.
The latest earnings results from Trinseo PLC (NYSE: TSE) was released for Jun, 2022. According to the Specialty Chemicals Company, earnings per share came in at $1.79, missing analysts’ expectations of $2.03 by -0.24. This compares to $0.35 EPS in the same period last year. The net profit margin was 1.10% and return on equity was 6.40% for TSE. The company reported revenue of $1.18 billion for the quarter, compared to $1.27 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -7.19 percent. For the current quarter, analysts expect TSE to generate $1.24B in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/19/2023. Investors who held shares on 01/05/2023 were paid a $0.32 dividend. On an annualized basis, this represents a $1.28 dividend and a 4.81% percent yield. There was an ex-dividend date of 01/04/2023 for this dividend. In terms of dividend payout ratio, TSE is presently at 100.50%.
Trinseo PLC(TSE) Company Profile
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. The Engineered Materials segment offers rigid compounds, including polycarbonate compounds, acrylonitrile-butadiene-styrene compounds, and PC blends to consumer electronics and medical markets for equipment housing applications; thermoplastic elastomer soft plastic compounds, such as overmolds, sealings, tubing, and films for footwear shoe sole, personal care, consumer electronics, and automotive high-end applications; and PMMA products to building and construction, automotive, medical, and consumer goods applications. The Latex Binders segment provides styrene-butadiene, styrene-acrylate, vinylidene chloride, and butadiene-methacrylate latex products for the commercial and niche carpet markets, as well as performance latex products for the adhesive, building and construction, and technical textile paper markets. The Base Plastics segment offers various compounds and blends for automotive and other applications. This segment also engages in the acrylonitrile-butadiene-styrene, styrene-acrylonitrile, and polycarbonate businesses. The Polystyrene segment provides general purpose polystyrenes and high impact polystyrene for use in appliances, food packaging and food service disposables, consumer electronics, and building and construction materials. The Feedstocks segment offers styrene monomer, a basic building block of plastics. The Americas Styrenics segment provides styrene and polystyrene. The company was incorporated in 2015 and is based in Berwyn, Pennsylvania.