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Trinseo ( (TSE) ) has issued an update.
Trinseo‘s Board of Directors has decided to indefinitely suspend the company’s quarterly dividend of $0.01 per share. This action is expected to save the company approximately $1.5 million annually, impacting its financial strategy and potentially affecting shareholder returns.
The most recent analyst rating on (TSE) stock is a Hold with a $2.50 price target. To see the full list of analyst forecasts on Trinseo stock, see the TSE Stock Forecast page.
Spark’s Take on TSE Stock
According to Spark, TipRanks’ AI Analyst, TSE is a Neutral.
Trinseo’s overall stock score is primarily impacted by its weak financial performance, with negative profitability and cash flow issues. The technical analysis and valuation also reflect challenges, although the earnings call provides some hope for stabilization through cost-saving measures and strategic initiatives. However, significant risks remain due to demand decline and pricing pressures.
To see Spark’s full report on TSE stock, click here.
More about Trinseo
Average Trading Volume: 304,633
Technical Sentiment Signal: Sell
Current Market Cap: $80.89M
See more data about TSE stock on TipRanks’ Stock Analysis page.