Trinseo (NYSE:TSE) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Friday. The brokerage currently has a $90.00 price target on the basic materials company’s stock. Zacks Investment Research‘s target price would indicate a potential upside of 11.04% from the stock’s current price.
According to Zacks, “Trinseo S.A. is a global materials company and manufacturer of plastics, latex and rubber. The Company’s technology is used by customers in industries such as home appliances, automotive, building & construction, carpet, consumer electronics, consumer goods, electrical & lighting, medical, packaging, paper & paperboard, rubber goods and tires. Its major products include styrene-butadiene latex, styrene-acrylate latex, solution styrene-butadiene rubber, lithium polybutadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, polystyrene, expandable polystyrene, acrylonitrile-butadiene-styrene, styrene-acrylonitrile, ignition resistant polystyrene, polycarbonate resins, compounds and blends, and polypropylene compounds. Trinseo S.A. is based in Berwyn, Pennsylvania. “
A number of other equities research analysts have also commented on TSE. Wells Fargo & Co reiterated an “outperform” rating and issued a $84.00 price target (up previously from $79.00) on shares of Trinseo in a research report on Wednesday, January 17th. Barclays upped their price target on Trinseo from $78.00 to $85.00 and gave the company an “equal weight” rating in a research report on Thursday, February 1st. Jefferies Group upped their price target on Trinseo to $97.00 and gave the company a “buy” rating in a research report on Tuesday, January 30th. ValuEngine upgraded Trinseo from a “buy” rating to a “strong-buy” rating in a research report on Sunday, December 31st. Finally, Deutsche Bank upped their price target on Trinseo to $92.00 and gave the company a “buy” rating in a research report on Monday, January 15th. Four research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $86.00.
Several institutional investors have recently made changes to their positions in the stock. Glenmede Trust Co. NA boosted its position in shares of Trinseo by 12.4% during the 4th quarter. Glenmede Trust Co. NA now owns 801,854 shares of the basic materials company’s stock valued at $58,213,000 after purchasing an additional 88,276 shares in the last quarter. Macquarie Group Ltd. boosted its position in shares of Trinseo by 3.0% during the 4th quarter. Macquarie Group Ltd. now owns 1,441,800 shares of the basic materials company’s stock valued at $104,675,000 after purchasing an additional 41,401 shares in the last quarter. Vident Investment Advisory LLC boosted its position in shares of Trinseo by 13.1% during the 4th quarter. Vident Investment Advisory LLC now owns 46,754 shares of the basic materials company’s stock valued at $3,394,000 after purchasing an additional 5,412 shares in the last quarter. Zeke Capital Advisors LLC bought a new stake in shares of Trinseo during the 4th quarter valued at about $961,000. Finally, Zimmer Partners LP boosted its position in shares of Trinseo by 13.0% during the 4th quarter. Zimmer Partners LP now owns 1,427,361 shares of the basic materials company’s stock valued at $103,626,000 after purchasing an additional 163,802 shares in the last quarter.
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.
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