News stories about Celanese Corporation (NYSE:CE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive news 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 closest to one being the most favorable. Celanese Corporation earned a news sentiment score of 0.09 on Accern’s scale. Accern also gave news stories about the basic materials company an impact score of 68 out of 100, indicating that recent news coverage is likely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
- Celanese Corp (CE) Looks Good: Stock Adds 5.7% in Session (finance.yahoo.com)
- Royal Bank Of Canada Reiterates Outperform Rating for Celanese Corporation (CE) (americanbankingnews.com)
- Celanese Corporation (CE) Stock Rating Reaffirmed by J P Morgan Chase & Co (americanbankingnews.com)
- Celanese Corp. (CE) Broke Out To A New High On Joint Venture Deal (rttnews.com)
- Celanese, Blackstone Team Up To Form Acetate Fiber Supplier (law360.com)
Shares of Celanese Corporation (CE) traded down 1.35% during trading on Tuesday, reaching $94.34. 1,122,389 shares of the company traded hands. Celanese Corporation has a 12 month low of $60.59 and a 12 month high of $96.97. The firm has a 50-day moving average price of $87.44 and a 200-day moving average price of $86.82. The firm has a market capitalization of $13.16 billion, a PE ratio of 16.44 and a beta of 1.17.
Celanese Corporation (NYSE:CE) last posted its quarterly earnings results on Monday, April 17th. The basic materials company reported $1.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.09. The business had revenue of $1.47 billion during the quarter, compared to analyst estimates of $1.44 billion. Celanese Corporation had a net margin of 15.14% and a return on equity of 30.92%. The firm’s revenue was up 4.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.83 earnings per share. Equities research analysts anticipate that Celanese Corporation will post $7.28 EPS for the current year.
A number of equities analysts have recently weighed in on CE shares. Zacks Investment Research lowered shares of Celanese Corporation from a “buy” rating to a “hold” rating in a research report on Friday, March 17th. Royal Bank Of Canada reissued a “buy” rating and issued a $100.00 price objective on shares of Celanese Corporation in a research report on Tuesday, March 28th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Celanese Corporation from $103.00 to $110.00 and gave the company a “conviction-buy” rating in a research report on Tuesday, April 4th. Vetr raised shares of Celanese Corporation from a “buy” rating to a “strong-buy” rating and set a $103.79 price objective for the company in a research report on Thursday, April 6th. Finally, Nomura reissued a “hold” rating and issued a $88.00 price objective on shares of Celanese Corporation in a research report on Wednesday, April 19th. Four analysts have rated the stock with a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $95.59.
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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