Celanese (CE) Receiving Somewhat Positive Media Coverage, Study Shows
Headlines about Celanese (NYSE:CE) have been trending somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of press coverage by reviewing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Celanese earned a news sentiment score of 0.22 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 45.7165299540219 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Celanese (NYSE CE) traded down $1.16 during midday trading on Friday, hitting $107.08. 402,346 shares of the stock were exchanged, compared to its average volume of 545,459. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. Celanese has a 52 week low of $78.38 and a 52 week high of $109.70. The firm has a market capitalization of $14,681.24, a P/E ratio of 18.69, a price-to-earnings-growth ratio of 1.63 and a beta of 1.32.
Celanese (NYSE:CE) last released its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 earnings per share for the quarter, beating analysts’ consensus estimates of $1.92 by $0.01. Celanese had a net margin of 13.66% and a return on equity of 31.98%. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.49 billion. During the same period in the previous year, the business earned $1.67 earnings per share. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. research analysts predict that Celanese will post 7.37 earnings per share for the current year.
Several brokerages recently issued reports on CE. Royal Bank of Canada raised their target price on shares of Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a research note on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a $122.00 target price on shares of Celanese in a research note on Thursday, October 19th. Nomura raised their target price on shares of Celanese from $97.00 to $100.00 and gave the company a “neutral” rating in a research note on Tuesday, October 10th. Cowen raised their target price on shares of Celanese from $115.00 to $120.00 and gave the company an “outperform” rating in a research note on Wednesday, September 20th. Finally, UBS Group raised their target price on shares of Celanese from $100.00 to $107.00 and gave the company a “neutral” rating in a research note on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the stock. Celanese presently has an average rating of “Buy” and a consensus target price of $108.17.
In related news, CFO Christopher W. Jensen sold 1,000 shares of Celanese stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $104.68, for a total value of $104,680.00. Following the transaction, the chief financial officer now directly owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John K. Wulff sold 2,500 shares of Celanese stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the transaction, the director now directly 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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