Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Celanese Corporation (CE) Share Price
Media stories about Celanese Corporation (NYSE:CE) have trended somewhat positive on Thursday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Celanese Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 46.6089529932557 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the headlines that may have effected Accern Sentiment’s analysis:
- Global Carboxylic Acid Market – Analysis, Technologies & Forecasts to 2021 – Key Vendors are BASF, Celanese Corporation, Eastman Chemical Company, Perstorp Holdings & Dow … (businesswire.com)
- Flotation Agents Market Share 2017 FMC Corporation, Orica, Celanese, SNF Group, ArrMaz (openpr.com)
- Norges Bank Adjusts Its Holdings in Celanese Corporation Celanese C (CE) (highlightpress.com)
- Mexican Firm Can’t Ditch Celanese Smear Campaign Claims (law360.com)
- Celanese Corporation (CE) distanced 61.23% to its 52-Week Low = Technical Analysis – Voice Of Analysts (analystsbuzz.com)
Celanese Corporation (CE) traded down 1.59% during midday trading on Thursday, reaching $96.14. 1,042,963 shares of the company traded hands. The company has a 50-day moving average price of $96.28 and a 200-day moving average price of $90.57. Celanese Corporation has a 12-month low of $60.59 and a 12-month high of $99.97. The company has a market cap of $13.22 billion, a price-to-earnings ratio of 16.36 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, topping the consensus estimate of $1.76 by $0.03. The company had revenue of $1.51 billion for the quarter, compared to analysts’ expectations of $1.44 billion. Celanese Corporation had a return on equity of 31.23% and a net margin of 14.89%. The business’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.59 earnings per share. On average, analysts predict that Celanese Corporation will post $7.33 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Wednesday, July 26th. Celanese Corporation’s payout ratio is presently 31.24%.
Celanese Corporation announced that its Board of Directors has approved a stock repurchase program on Monday, July 17th that allows the company to buyback $1.50 billion in outstanding shares. This buyback authorization allows the basic materials company to buy up to 10.9% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board believes its shares are undervalued.
A number of analysts recently issued reports on the stock. Instinet lifted 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. Citigroup Inc. lifted their price target on shares of Celanese Corporation from $100.00 to $101.00 and gave the stock a “buy” rating in a research note on Tuesday, April 25th. UBS AG restated a “neutral” rating and issued a $95.00 price target (up previously from $90.00) on shares of Celanese Corporation in a research note on Thursday, June 22nd. Vertical Research lowered shares of Celanese Corporation from a “buy” rating to a “hold” rating and lifted their price target for the stock from $101.00 to $103.00 in a research note on Monday, July 10th. They noted that the move was a valuation call. Finally, Cowen and Company restated an “outperform” rating and issued a $115.00 price target (up previously from $100.00) on shares of Celanese Corporation in a research note on Wednesday. One investment analyst has rated the stock with a sell rating, six have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $100.55.
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About Celanese Corporation
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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