Celanese Corporation (CE) Given Media Sentiment Score of 0.23
Media headlines about Celanese Corporation (NYSE:CE) have been trending somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Celanese Corporation earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave news headlines about the basic materials company an impact score of 46.8398617493632 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern Sentiment Analysis’s rankings:
- Breathable Films Market is Expected to Reach USD 20.5 Billion by 2022 (medgadget.com)
- Celanese Announces Vinyl Acetate Monomer Price Increases (finance.yahoo.com)
- Celanese (CE) Poised on Productivity Actions, Acquisitions – Nasdaq (nasdaq.com)
- Artisan Partners Limited Partnership Sells A Little More Celanese Corporation Celanese C (CE) Stock (highlightpress.com)
Celanese Corporation (NYSE:CE) traded up 0.39% on Tuesday, reaching $97.98. 818,944 shares of the company traded hands. Celanese Corporation has a 1-year low of $60.59 and a 1-year high of $99.97. The stock’s 50-day moving average is $96.60 and its 200-day moving average is $90.90. The stock has a market capitalization of $13.48 billion, a price-to-earnings ratio of 16.67 and a beta of 1.28.
Celanese Corporation (NYSE:CE) last announced its earnings results on Monday, July 24th. The basic materials company reported $1.79 EPS for the quarter, beating the Zacks’ consensus estimate of $1.76 by $0.03. Celanese Corporation had a net margin of 14.89% and a return on equity of 31.23%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.44 billion. During the same period in the prior year, the company earned $1.59 earnings per share. The firm’s revenue was up 11.8% on a year-over-year basis. Equities research analysts expect that Celanese Corporation will post $7.33 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Shareholders of record on Friday, July 28th were issued a dividend of $0.46 per share. The ex-dividend date was Wednesday, July 26th. This represents a $1.84 dividend on an annualized basis and a yield of 1.88%. Celanese Corporation’s dividend payout ratio is currently 31.24%.
Celanese Corporation announced that its Board of Directors has approved a share buyback plan on Monday, July 17th that allows the company to buyback $1.50 billion in shares. This buyback authorization allows the basic materials company to purchase up to 10.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.
Several equities research analysts have recently issued reports on the stock. Nomura restated a “hold” rating and set a $88.00 price target on shares of Celanese Corporation in a research note on Wednesday, April 19th. Jefferies Group LLC set a $104.00 price target on shares of Celanese Corporation and gave the stock a “buy” rating in a research note on Saturday, May 27th. Instinet raised their price target on shares of Celanese Corporation from $77.00 to $88.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 19th. Royal Bank Of Canada restated an “outperform” rating on shares of Celanese Corporation in a research note on Tuesday, June 20th. Finally, Deutsche Bank AG decreased their price target on shares of Celanese Corporation from $100.00 to $96.00 and set a “buy” rating for the company in a research note on Wednesday, April 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $100.55.
Celanese Corporation 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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