In a report released today, Hassan Ahmed from Alembic Global maintained a Buy rating on Trinseo (TSE), with a price target of $40.00. The company’s shares closed last Thursday at $35.49.
According to TipRanks.com, Ahmed has currently 0 stars on a ranking scale of 0-5 stars, with an average return of -5.2% and a 42.1% success rate. Ahmed covers the Basic Materials 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 $32.60.
See today’s analyst top recommended stocks >>
Based on Trinseo’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $570 million and GAAP net loss of $128 million. In comparison, last year the company earned revenue of $952 million and had a net profit of $28 million.
Based on the recent corporate insider activity of 53 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.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
