Alembic Global analyst Hassan Ahmed maintained a Buy rating on Trinseo (NYSE:TSE) on Wednesday, setting a price target of $90, which is approximately 66.24% above the present share price of $54.14.
Ahmed expects Trinseo to post earnings per share (EPS) of $1.86 for the third quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Strong Buy rating of shares in Trinseo, with an average price target of $77.
The analysts price targets range from a high of $91 to a low of $67.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $1.09 billion and a net profit of $139.4 million. The company's market cap is $2.1 billion.
According to TipRanks.com, Alembic Global analyst Hassan Ahmed is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 9.8% and a 48.93% success rate.
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.