News headlines about Celanese (NYSE:CE) have been trending positive recently, according to Accern Sentiment Analysis. Accern scores the sentiment of news coverage by reviewing more than 20 million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Celanese earned a news sentiment score of 0.31 on Accern’s scale. Accern also gave headlines about the basic materials company an impact score of 46.5585972452881 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern’s rankings:
- EU mergers and takeovers (Feb 13) (reuters.com)
- Global Polysulfone (PSU) Market Segmentation by Product Types and Application with Forecast to 2025 (emailwire.com)
- Celanese Co. (CE) Receives Consensus Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Andrew L. Pecora, M.D. receives the 2018 Dr. Sol J. Barer Award (bizjournals.com)
- Celanese Corp (CE) Files 10-K for the Fiscal Year Ended on December 31, 2017 (finance.yahoo.com)
Several brokerages have commented on CE. UBS Group increased their target price on Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. SunTrust Banks reiterated a “buy” rating on shares of Celanese in a research note on Wednesday, January 17th. Zacks Investment Research downgraded Celanese from a “buy” rating to a “hold” rating in a research note on Friday, December 15th. Tudor Pickering began coverage on Celanese in a research note on Tuesday, November 14th. They set a “buy” rating on the stock. Finally, Royal Bank of Canada increased their target price on Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $113.28.
Celanese (CE) traded up $0.11 during midday trading on Tuesday, hitting $101.15. The stock had a trading volume of 494,486 shares, compared to its average volume of 709,846. The company has a market cap of $13,740.00, a PE ratio of 16.34, a price-to-earnings-growth ratio of 1.32 and a beta of 1.27. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16. Celanese has a 12-month low of $83.34 and a 12-month high of $114.00.
Celanese (NYSE:CE) last released its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share for the quarter, beating the consensus estimate of $1.86 by $0.12. The firm had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Celanese had a return on equity of 29.21% and a net margin of 12.87%. The company’s revenue was up 21.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.52 EPS. analysts expect that Celanese will post 8.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be issued a dividend of $0.46 per share. The ex-dividend date is Friday, February 16th. This represents a $1.84 annualized dividend and a dividend yield of 1.82%. Celanese’s payout ratio is 29.73%.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by company insiders.
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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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