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Citigroup lowers its target price for Trinseo (NYSE:TSE) to $20.00.

Originally published on Best Stocks

Category: best stocks to buy now

In a research note released on Tuesday, analysts from Citigroup lowered their price objective for Trinseo (NYSE: TSE), as reported by The Fly. The new price target is $20.00, which is a decrease from the previous target of $34.00. Citigroup’s target price for the stock could be a 2.62 percent increase over the most recent closing price.

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In addition, the organization has been the focus of attention for earlier research investigations carried out by various analysts. Barclays lowered their price objective for Trinseo from $53.00 to $35.00 in a research note published on Wednesday, August 10th. In addition, they assigned the stock the rating of “equal weight.” In a research study released on the 16th of June, Jefferies Financial Group stated that they would reduce their price target on Trinseo from $70.00 to $54.00. The study was published in the United States. TheStreet has downgraded its previous rating of “b-” for Trinseo to a rating of “c+,” according to a research note published on Tuesday, August 16th. Trinseo was downgraded from a “hold” rating to a “sell” rating in a research report published on Tuesday, September 27th. In addition, they decreased their price target for the stock from $34.00 to $22.00 in a research report published on Wednesday, September 28th. The recommendation to “hold” shares of Trinseo was changed to “sell” in a report published on on September 6th, and investors were recommended to sell their shares of the company. One analyst who follows the company has suggested that investors sell the stock. In contrast, three others have recommended that investors maintain their current holdings, and six others have given the stock a buy rating. Bloomberg says that the average recommendation for the stock right now is “Moderate Buy” and that the price goal for the stock is $23.89.
When trading started on Tuesday, a single share of Trinseo was valued at $19.49 per unit. The price-to-earnings ratio for the company is 2.80. The company has a beta value of 1.41, and its market capitalization is $681.57 million. The price of a share of Trinseo has ranged from a high of $61.63 to a low of $17.88 over the past year. The debt-to-equity ratio is 2.49, the current ratio is 2.22, and the quick ratio is 1.34. All three ratios are presented in their respective numbers. This company’s simple moving average over the past fifty days is $27.97, and the simple moving average over the past two hundred days for this stock is $38.86.

Trinseo (NYSE: TSE) divulged the most recent quarterly profits for the company on August 8th, announcing to the public. The company that deals in basic materials reported earnings of $1.79 per share for the most recent quarter, which was $0.23 less than the consensus projection of $2.02 per share. In comparison to the revenue of $1.37 billion that was anticipated for the company throughout the quarter, the actual revenue that the company brought in was $1.43 billion. In addition, Trinseo’s return on equity was 26.89%, while the net margin for the company was 5.04%. According to research analysts, Trinseo’s earnings forecast for this year is 3.1 cents per share. This forecast was derived from research analysts.

On the 15th of August, it was reported that Trinseo director Jeffrey J. Cote purchased 10,000 shares of the company’s stock, as was mentioned in other news about Trinseo. The total cost of the shares was calculated to be $317,600.00, which corresponds to a price of $31.76 per share on an average basis. Following the completion of the transaction, the director brought the total number of shares he owned in the company up to 30,117, bringing the total value of his holdings up to $956,515.92. By following the link, which will take you to a legal file submitted to the SEC, you will have the opportunity to obtain additional information regarding the acquisition. On Tuesday, July 19, M &G Investment Management Ltd., a significant stakeholder in the company, sold 3,000 of the company’s shares of stock on Tuesday, July 19. The number of sold shares resulted in total revenue of $130,530.00, and the price paid for each share was an average of $43.51. At present, the insider has 7,625,044 shares of the company. Based on current market conditions, the total value of these shares is projected to be approximately $331,765,664.44. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website.
Additionally, on Monday, August 15, company director Jeffrey J. Cote bought 10,000 shares of the company’s stock. This transaction took place. An average price of $31.76 per share contributed to the overall value of the shares, which was calculated to be $317,600.00. After the completion of the transaction, the director is now the direct owner of 30,117 shares of the company’s stock, which are worth $956,515.92. You should look at this location if you are looking for the disclosure that pertains to this transaction. There is currently 1.50 percent of the company’s total outstanding shares of stock that company insiders own.

Just recently, several institutional investors and hedge funds altered the positions they had previously held in TSE. These changes were made in response to recent market events. During the first three months of this year, Meeder Asset Management Inc. saw a 1,800% increase in the value of its holdings in Trinseo. Meeder Asset Management Inc. currently possesses 551 shares of the basic materials company’s stock, valued at $26,000 in total. This is a direct result of the company’s purchase of 522 additional shares during the most recent fiscal quarter. In the first three months of 2018, Ellevest Inc. increased the percentage of its holdings invested in Trinseo by 202.3%. As a result of the acquisition of an additional 437 shares during the most recent fiscal quarter, Ellevest Inc. now has a total of 653 shares of the stock held by the fundamental materials company. There is a total value of $31,000 associated with these shares. The value of Steward Partners Investment Advisory LLC’s holdings in Trinseo rose by 233.3% during the first three months of the year. Steward Partners Investment Advisory LLC now has a total of 1,000 shares in the company specializing in basic materials because it made an additional purchase of 700 shares during the most recent fiscal quarter. The current value of these shares is forty-eight thousand dollars. UMB Bank, National Association of Missouri successfully recruited a new employee for a position in Trinseo that had an annual salary of approximately $50,000 during the first three months of the year. New investment in Trinseo stock with an approximate value of $73,000 was made by the Trust Department of Citizens National Bank during the final three months of the year 2018, which brings us to our last and final point. The vast majority of the company’s stock is held in institutional ownership, which amounts to 97.00% of the total.

Plastics and latex binders are among the products that Trinseo PLC, a company that specializes in providing solutions for materials, manufactures, and sells in various regions of the world, including the Americas, Europe, the Asia-Pacific region, and other areas. The company’s operations are broken down into six segments: Engineered Materials, Latex Binders, Base Plastics, Polystyrene, and Feedstocks. The Americas Styrenics business segment is the seventh one the company operates.

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