Jefferies Group LLC Reaffirms “Buy” Rating for Trinseo S.A. (TSE)

Jefferies Group LLC reaffirmed their buy rating on shares of Trinseo S.A. (NYSE:TSE) in a report published on Friday morning. Jefferies Group LLC currently has a $82.00 target price on the basic materials company’s stock.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Trinseo from a strong-buy rating to a buy rating in a research note on Monday, August 14th. BidaskClub raised shares of Trinseo from a hold rating to a buy rating in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a buy rating and issued a $74.00 price target (up from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Alembic Global Advisors reissued a buy rating on shares of Trinseo in a research note on Tuesday, September 5th. Finally, Barclays PLC decreased their price target on shares of Trinseo from $75.00 to $73.00 and set an equal weight rating for the company in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Trinseo has a consensus rating of Buy and an average price target of $75.80.

Shares of Trinseo (NYSE:TSE) opened at 69.55 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 9.85 and a beta of 2.37. Trinseo has a one year low of $44.70 and a one year high of $72.60. The firm’s 50-day moving average price is $66.57 and its 200-day moving average price is $66.11.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.41). Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $2.30 earnings per share. Trinseo’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts forecast that Trinseo will post $6.75 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/jefferies-group-llc-reaffirms-buy-rating-for-trinseo-s-a-tse.html.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, October 6th. Trinseo’s payout ratio is currently 20.34%.

In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the sale, the insider now owns 18,298 shares in the company, valued at $1,232,919.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the sale, the insider now owns 265,240 shares in the company, valued at approximately $18,168,940. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,399 shares of company stock valued at $4,177,335. 0.65% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Asset Management Inc. grew its holdings in Trinseo by 9.1% in the second quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 323 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Trinseo by 69.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,898 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 1,596 shares during the period. California State Teachers Retirement System grew its holdings in Trinseo by 46.7% in the second quarter. California State Teachers Retirement System now owns 78,630 shares of the basic materials company’s stock worth $5,402,000 after purchasing an additional 25,049 shares during the period. TVR Capital Management LP purchased a new stake in Trinseo in the second quarter worth about $2,728,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Trinseo by 61.0% in the second quarter. The Manufacturers Life In

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Trinseo from a strong-buy rating to a buy rating in a research note on Monday, August 14th. BidaskClub raised shares of Trinseo from a hold rating to a buy rating in a research note on Wednesday, July 5th. Deutsche Bank AG reissued a buy rating and issued a $74.00 price target (up from $72.00) on shares of Trinseo in a research note on Wednesday, August 9th. Alembic Global Advisors reissued a buy rating on shares of Trinseo in a research note on Tuesday, September 5th. Finally, Barclays PLC decreased their price target on shares of Trinseo from $75.00 to $73.00 and set an equal weight rating for the company in a research note on Friday, August 4th. Four equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Trinseo has a consensus rating of Buy and an average price target of $75.80.

Shares of Trinseo (NYSE:TSE) opened at 69.55 on Friday. The firm has a market capitalization of $3.04 billion, a P/E ratio of 9.85 and a beta of 2.37. Trinseo has a one year low of $44.70 and a one year high of $72.60. The firm’s 50-day moving average price is $66.57 and its 200-day moving average price is $66.11.

Trinseo (NYSE:TSE) last released its quarterly earnings results on Wednesday, August 2nd. The basic materials company reported $1.39 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.80 by ($0.41). Trinseo had a return on equity of 67.05% and a net margin of 7.88%. The company had revenue of $1.15 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the company earned $2.30 earnings per share. Trinseo’s quarterly revenue was up 18.0% on a year-over-year basis. On average, equities analysts forecast that Trinseo will post $6.75 earnings per share for the current year.

ILLEGAL ACTIVITY NOTICE: This news story was reported by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://ledgergazette.com/2017/10/09/jefferies-group-llc-reaffirms-buy-rating-for-trinseo-s-a-tse.html.

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

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 24th. Investors of record on Tuesday, October 10th will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, October 6th. Trinseo’s payout ratio is currently 20.34%.

In other Trinseo news, insider Timothy M. Stedman sold 5,399 shares of the company’s stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $67.38, for a total value of $363,784.62. Following the sale, the insider now owns 18,298 shares in the company, valued at $1,232,919.24. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher D. Pappas sold 25,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $68.50, for a total transaction of $1,712,500.00. Following the completion of the sale, the insider now owns 265,240 shares in the company, valued at approximately $18,168,940. The disclosure for this sale can be found here. Over the last three months, insiders sold 60,399 shares of company stock valued at $4,177,335. 0.65% of the stock is owned by insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. National Asset Management Inc. grew its holdings in Trinseo by 9.1% in the second quarter. National Asset Management Inc. now owns 3,857 shares of the basic materials company’s stock worth $265,000 after purchasing an additional 323 shares during the period. Ameritas Investment Partners Inc. grew its holdings in Trinseo by 69.3% in the second quarter. Ameritas Investment Partners Inc. now owns 3,898 shares of the basic materials company’s stock worth $268,000 after purchasing an additional 1,596 shares during the period. California State Teachers Retirement System grew its holdings in Trinseo by 46.7% in the second quarter. California State Teachers Retirement System now owns 78,630 shares of the basic materials company’s stock worth $5,402,000 after purchasing an additional 25,049 shares during the period. TVR Capital Management LP purchased a new stake in Trinseo in the second quarter worth about $2,728,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Trinseo by 61.0% in the second quarter. The Manufacturers Life Insurance Company now owns 34,089 shares of the basic materials company’s stock worth $2,342,000 after purchasing an additional 12,917 shares during the period. Institutional investors and hedge funds own 97.81% of the company’s stock.

Trinseo Company Profile

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.

Analyst Recommendations for Trinseo (NYSE:TSE)

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