Media headlines about Celanese (NYSE:CE) have been trending somewhat positive on Monday, according to Accern Sentiment. The research group ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celanese earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 46.0129277215158 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
Shares of Celanese opened at $114.00 on Monday, MarketBeat.com reports. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.88 and a quick ratio of 1.28. Celanese has a 52 week low of $91.15 and a 52 week high of $118.40. The company has a market capitalization of $15.12 billion, a price-to-earnings ratio of 15.18, a P/E/G ratio of 1.32 and a beta of 1.32.
Celanese (NYSE:CE) last issued its earnings results on Monday, April 16th. The basic materials company reported $2.79 EPS for the quarter, beating the Zacks’ consensus estimate of $2.33 by $0.46. Celanese had a return on equity of 35.22% and a net margin of 15.69%. The company had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the previous year, the firm posted $1.81 earnings per share. Celanese’s quarterly revenue was up 25.8% compared to the same quarter last year. analysts predict that Celanese will post 9.46 earnings per share for the current fiscal year.
Several brokerages recently weighed in on CE. KeyCorp boosted their price objective on Celanese from $128.00 to $131.00 and gave the company an “overweight” rating in a report on Wednesday, March 21st. Cowen reissued an “outperform” rating and issued a $125.00 price objective (up from $120.00) on shares of Celanese in a report on Friday, May 4th. Morgan Stanley boosted their price objective on Celanese from $88.00 to $112.00 and gave the company an “equal weight” rating in a report on Wednesday, April 18th. Jefferies Financial Group boosted their price objective on Celanese to $138.00 and gave the company a “buy” rating in a report on Monday, June 18th. Finally, Barclays began coverage on Celanese in a report on Friday, April 20th. They issued an “overweight” rating and a $111.19 price objective for the company. Two research analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $117.25.
In other Celanese news, EVP Peter G. Edwards sold 3,674 shares of Celanese stock in a transaction that occurred on Friday, June 15th. The stock was sold at an average price of $115.44, for a total value of $424,126.56. Following the completion of the transaction, the executive vice president now directly owns 12,160 shares in the company, valued at $1,403,750.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.41% of the company’s stock.
Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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