Trinseo S.A. Ordinary Shares (NYSE:TSE).
July 15 investment analysts at Citigroup maintained a stock rating of “Neutral” but raised the price expectation to $53.00 from $45.00. On April 18 Citigroup left the company rating at “Neutral” and raised the price target from $36.00 to $45.00.
On July 8 the company was downgraded from “Buy” to “Neutral” with a current price target of $29.00 in a report from Goldman Sachs. Goldman Sachs downgraded the stock and lowered the price target on July 8 changing the price target from $34.00 to $29.00 and changing the rating from “Buy” to “Neutral”.
On May 11 Barclays made no change to the company rating of “Equal-weight” and moved up the price target from $21.00 to $25.00.
In the market the company is trading up by 1.10% since yesterday’s close of $68.3. Additionally the company recently announced a dividend for shareholders that will be paid on Tuesday the 25th of July 2017. The dividend payment will be $0.360 per share for the quarter which is $1.44 annualized. This dividend amount will represent a yeild of $2.10. The ex-dividend date is set for Friday the 7th of April 2017.
Company chares are trading at $69.05 barely above $65.43, the 50 day moving average and just a bit higher than the 200 day moving average of $65.64. The 50 day moving average was up by +5.45% and the 200 day average was up $3.36.
Trinseo S.A., launched on June 14, 2010, is a materials company engaged in the manufacture and marketing of synthetic rubber, latex and plastics, including various specialty and technologically differentiated products. The Business’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, primarily for coated paper and packaging board, carpet and artificial turf backings, as well as a various performance latex binders applications, such as adhesive, building and construction and the technical textile paper market. The Synthetic Rubber segment produces synthetic rubber products used in tires, impact modifiers and technical rubber products, such as conveyer belts, hoses, seals and gaskets. The Performance Plastics segment produces compounds and blends and specialized acrylonitrile-butadiene-styrene (ABS) grades for automotive end markets, as well as consumer electronics, medical, electrical and lighting (collectively, consumer essential markets (CEM)). The Basic Plastics segment produces styrenic polymers, including polystyrene, basic ABS, and styrene-acrylonitrile (SAN) products, as well as polycarbonate (PC), all of which are used as inputs in a range of end use markets. The Basic Plastics segment includes polystyrene, copolymers and polycarbonate. The Feedstocks segment includes the Business’s production and procurement of styrene monomer outside of North America, which is used as a raw material in various of its products, including polystyrene, SB latex, ABS resins and solution styrene-butadiene rubber (SSBR). The Americas Styrenics segment consists of the operations of its joint venture, Americas Styrenics LLC (Americas Styrenics), a producer of both styrene monomer and polystyrene in North America..
Trinseo S.A. Ordinary Shares’s P/E ratio is 8.95 and the market cap of the company is 3.04B. As of the latest earnings report the EPS was $7.71 and is projected to be $7.54 for the current year with 43,992,000 shares now outstanding. Analysts expect next quarter’s EPS will be $1.71 and the next full year EPS is projected to be $8.06.