Alembic Global analyst Hassan Ahmed reiterated a Buy rating on Trinseo (NYSE:TSE) on Monday, setting a price target of $70, which is approximately 44.45% above the present share price of $48.46.
Ahmed expects Trinseo to post earnings per share (EPS) of $3.91 for the third quarter of 2021.
The current consensus among 4 TipRanks analysts is for a Strong Buy rating of shares in Trinseo, with an average price target of $67.75.
The analysts price targets range from a high of $72 to a low of $57.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $1.27 billion and a net profit of $122.7 million. The company's market cap is $1.88 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 11.1% and a 52.12% 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.