Headlines about Celanese (NYSE:CE) have trended positive this week, Accern Sentiment Analysis reports. The research group ranks 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 -1 to 1, with scores nearest to one being the most favorable. Celanese earned a media sentiment score of 0.31 on Accern’s scale. Accern also gave media 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 impact on the company’s share price in the next few days.
These are some of the news stories that may have effected Accern’s analysis:
- Celanese Increases Low-Density Polyethylene Prices (finance.yahoo.com)
- Celanese Appoints Scott Richardson as Chief Financial Officer (finance.yahoo.com)
- Zacks: Brokerages Expect Celanese Co. (CE) Will Post Quarterly Sales of $1.71 Billion (americanbankingnews.com)
- Celanese Co. (CE) Expected to Post Earnings of $2.32 Per Share (americanbankingnews.com)
- Analyst Favorites With Strong Buyback Activity: Celanese Corp Ranks As a Top Pick (nasdaq.com)
A number of equities analysts recently issued reports on CE shares. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $124.00 target price on the stock in a report on Tuesday, January 23rd. Robert W. Baird restated a “buy” rating and set a $130.00 price objective on shares of Celanese in a research note on Monday, January 29th. Deutsche Bank restated a “buy” rating and set a $128.00 price objective on shares of Celanese in a research note on Monday, January 29th. Jefferies Group restated a “buy” rating and set a $130.00 price objective on shares of Celanese in a research note on Monday, January 29th. Finally, Citigroup raised their price objective on Celanese from $123.00 to $128.00 and gave the company a “buy” rating in a research note on Monday, January 29th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have given a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $113.28.
Shares of Celanese (CE) traded down $0.11 during trading on Tuesday, hitting $102.38. The stock had a trading volume of 589,585 shares, compared to its average volume of 704,427. Celanese has a 1 year low of $83.34 and a 1 year high of $114.00. The stock has a market cap of $13,910.00, a price-to-earnings ratio of 16.54, a PEG ratio of 1.35 and a beta of 1.27. The company has a current ratio of 1.79, a quick ratio of 1.21 and a debt-to-equity ratio of 1.00.
Celanese (NYSE:CE) last announced its earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.12. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same period last year, the firm posted $1.52 EPS. The business’s revenue was up 21.5% compared to the same quarter last year. equities analysts forecast that Celanese will post 8.52 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.80%. The ex-dividend date is Friday, February 16th. Celanese’s dividend payout ratio (DPR) is currently 29.73%.
In related news, CFO Christopher W. Jensen sold 3,000 shares of Celanese stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value of $330,000.00. Following the completion of the sale, the chief financial officer now 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 at this hyperlink. Company insiders own 0.42% of the company’s stock.
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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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