Press coverage about Celanese (NYSE:CE) has been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Celanese earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 45.7096248819634 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s rankings:
- Celanese’s (CE) Subsidiary Prices Senior Notes Offering (finance.yahoo.com)
- Celanese's (CE) Subsidiary Prices Senior Notes Offering (finance.yahoo.com)
- Natixis Has Decreased Celanese Del (CE) Holding By $13.37 Million; Cohen & Steers Infrastructure Fund (UTF) Has … – Hill Country Times (hillcountrytimes.com)
- Top 3 Key Players Celanese Corporation, Solvay, Daicel Polymer Ltd. Are Dominating the Global Long Fiber … – Medgadget (blog) (medgadget.com)
- BRIEF-Celanese Corporation Announces Pricing Of Senior Notes Offering (CE) (markets.businessinsider.com)
A number of research firms have issued reports on CE. Tudor Pickering began coverage on shares of Celanese in a report on Tuesday, November 14th. They set a “buy” rating on the stock. Cowen reaffirmed a “buy” rating on shares of Celanese in a report on Sunday, October 29th. Jefferies Group reaffirmed a “buy” rating and set a $122.00 price objective on shares of Celanese in a report on Thursday, October 19th. Citigroup cut their price objective on shares of Celanese from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Wednesday, October 18th. Finally, Royal Bank Of Canada lifted their price objective on shares of Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th. One analyst has rated the stock with a sell rating, five have given a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $107.74.
Shares of Celanese (NYSE CE) traded down $0.25 during trading hours on Wednesday, hitting $105.61. 1,107,421 shares of the company were exchanged, compared to its average volume of 868,350. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94. The stock has a market cap of $14,485.93, a P/E ratio of 15.15, a P/E/G ratio of 1.61 and a beta of 1.32. Celanese has a 52 week low of $78.38 and a 52 week high of $109.11.
Celanese (NYSE:CE) last issued its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.01. The company had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a net margin of 13.66% and a return on equity of 31.98%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.67 EPS. analysts predict that Celanese will post 7.37 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 30th were issued a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Friday, October 27th. Celanese’s dividend payout ratio (DPR) is currently 32.11%.
In related news, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction dated Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the sale, the chief financial officer now directly owns 60,086 shares in the company, valued at approximately $6,289,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John K. Wulff sold 2,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total value of $264,700.00. Following the completion of the sale, the director now owns 30,175 shares in the company, valued at $3,194,929. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by insiders.
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Celanese Company Profile
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
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