Alembic Global Sticks to Its Hold Rating for Trinseo (TSE)

By Carrie Williams

Alembic Global analyst Hassan Ahmed maintained a Hold rating on Trinseo (TSEResearch Report) today and set a price target of $21.00. The company’s shares closed last Wednesday at $18.01, close to its 52-week low of $14.16.

According to, Ahmed ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of -14.6% and a 28.6% success rate. Ahmed covers the Industrial Goods sector, focusing on stocks such as Westlake Chemical, Venator Materials, and LyondellBasell.

The word on The Street in general, suggests a Hold analyst consensus rating for Trinseo with a $26.80 average price target.

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Based on Trinseo’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $889 million and net profit of $5.7 million. In comparison, last year the company earned revenue of $1.07 billion and had a GAAP net loss of $800K.

Based on the recent corporate insider activity of 49 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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.