Alembic Global analyst Hassan Ahmed maintained a Hold rating on Trinseo (TSE) today and set a price target of $25.00. The company’s shares closed last Friday at $21.39.
According to TipRanks.com, Ahmed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -12.3% and a 30.8% success rate. Ahmed covers the Industrial Goods sector, focusing on stocks such as Westlake Chemical, Venator Materials, and LyondellBasell.
Currently, the analyst consensus on Trinseo is a Hold with an average price target of $20.17, implying a -6.0% downside from current levels. In a report issued on June 15, Jefferies also maintained a Hold rating on the stock with a $20.00 price target.
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Based on Trinseo’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $854 million and GAAP net loss of $36.3 million. In comparison, last year the company earned revenue of $1.01 billion and had a net profit of $35.8 million.
Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TSE in relation to earlier this year.
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Trinseo SA engages in the manufacture and marketing of synthetic rubber, latex binders and plastics. It operates through the following divisions: Performance Materials and Basic Plastics & Feedstocks. The Performance Materials division includes latex binders, synthetic rubber and performance plastics segments. The Basic Plastics & Feedstocks division offers basic plastics, feedstocks and americas styrenics. The company was founded on June 3, 2010 and is headquartered in Berwyn, PA.
