News coverage about Celanese (NYSE:CE) has trended positive on Friday, according to AlphaOne Sentiment Analysis. The research firm, a service of Accern, identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. AlphaOne ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celanese earned a news sentiment score of 0.47 on AlphaOne’s scale. AlphaOne also gave news articles about the basic materials company an impact score of 83 out of 100, meaning that recent news coverage is very likely to have an effect on the company’s share price in the near future.
These are some of the media stories that may have impacted Alpha One’s analysis:
- Brokers Offer Predictions for Celanese Co.’s Q3 2017 Earnings (CE) (americanbankingnews.com)
- Propionic Acid Market to Grow $1.55 Bn Globally, by 2020 (sbwire.com)
- Celanese Announces Engineered Materials Price Increases in the Americas (finance.yahoo.com)
- Celanese Corporation Increases Dividend 28 Percent and Declares Quarterly Dividend (finance.yahoo.com)
- ETFs with exposure to Celanese Corp. : April 20, 2017 (finance.yahoo.com)
Several equities analysts recently issued reports on the stock. Nomura reiterated a “hold” rating and set a $88.00 price target on shares of Celanese in a research report on Wednesday. Instinet boosted their price target on shares of Celanese from $77.00 to $88.00 and gave the company a “neutral” rating in a research report on Wednesday. Cowen and Company reiterated an “outperform” rating and set a $90.00 price target on shares of Celanese in a research report on Wednesday. Deutsche Bank AG reduced their price target on shares of Celanese from $100.00 to $96.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Zacks Investment Research cut shares of Celanese from a “buy” rating to a “hold” rating in a research report on Friday, March 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. Celanese currently has an average rating of “Buy” and an average price target of $87.61.
Celanese (NYSE:CE) traded down 0.80% during midday trading on Friday, reaching $88.78. 584,916 shares of the company traded hands. The stock has a market capitalization of $12.51 billion, a P/E ratio of 14.38 and a beta of 1.23. The company has a 50 day moving average price of $90.38 and a 200-day moving average price of $82.08. Celanese has a one year low of $60.59 and a one year high of $93.06.
Celanese (NYSE:CE) last released its earnings results on Monday, April 17th. The basic materials company reported $1.81 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.09. The company earned $1.47 billion during the quarter, compared to analysts’ expectations of $1.44 billion. Celanese had a net margin of 16.70% and a return on equity of 31.09%. Celanese’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the business earned $1.83 EPS. Analysts forecast that Celanese will post $7.25 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, May 11th. Investors of record on Monday, May 1st will be paid a $0.46 dividend. This represents a $1.84 dividend on an annualized basis and a yield of 2.06%. The ex-dividend date of this dividend is Thursday, April 27th. Celanese’s dividend payout ratio (DPR) is presently 23.38%.
In related news, insider Kevin S. Oliver sold 2,327 shares of Celanese stock in a transaction that occurred on Tuesday, February 14th. The shares were sold at an average price of $87.74, for a total value of $204,170.98. Following the completion of the sale, the insider now directly owns 19,130 shares in the company, valued at approximately $1,678,466.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.49% of the stock is owned by company insiders.
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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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