Somewhat Positive News Coverage Somewhat Unlikely to Impact Celanese (NYSE:CE) Stock Price

Media headlines about Celanese (NYSE:CE) have been trending somewhat positive recently, Accern Sentiment reports. The research firm identifies negative and positive media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Celanese earned a media sentiment score of 0.22 on Accern’s scale. Accern also gave press coverage about the basic materials company an impact score of 46.6430792844717 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:

NYSE CE traded up $0.01 on Friday, reaching $116.83. The company’s stock had a trading volume of 547,500 shares, compared to its average volume of 854,757. Celanese has a twelve month low of $94.38 and a twelve month high of $119.29. The company has a current ratio of 1.96, a quick ratio of 1.39 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $15.86 billion, a price-to-earnings ratio of 15.55, a PEG ratio of 1.11 and a beta of 1.28.

Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, July 19th. The basic materials company reported $2.90 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.40 by $0.50. Celanese had a net margin of 16.57% and a return on equity of 37.74%. The company had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.82 billion. During the same period in the prior year, the company earned $1.79 EPS. Celanese’s revenue was up 22.1% on a year-over-year basis. research analysts predict that Celanese will post 10.57 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, August 6th. Shareholders of record on Friday, July 27th were issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 1.85%. The ex-dividend date was Thursday, July 26th. Celanese’s payout ratio is 28.76%.

CE has been the subject of several research analyst reports. Citigroup upped their price objective on shares of Celanese from $131.00 to $134.00 and gave the stock a “buy” rating in a report on Tuesday, July 24th. JPMorgan Chase & Co. upped their price objective on shares of Celanese from $110.00 to $114.00 and gave the stock a “$113.06” rating in a report on Monday, July 23rd. BMO Capital Markets upped their price objective on shares of Celanese from $137.00 to $150.00 and gave the stock an “outperform” rating in a report on Friday, June 15th. KeyCorp upped their price objective on shares of Celanese from $141.00 to $145.00 and gave the stock a “$113.06” rating in a report on Monday, July 23rd. Finally, UBS Group raised shares of Celanese from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $111.10 to $113.00 in a report on Wednesday, May 16th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and twelve have issued a buy rating to the stock. Celanese currently has an average rating of “Buy” and an average target price of $123.82.

In other Celanese news, EVP Peter G. Edwards sold 3,674 shares of the company’s stock in a transaction dated Friday, June 15th. The shares were sold at an average price of $115.44, for a total value of $424,126.56. Following the completion of the sale, the executive vice president now directly owns 12,160 shares of the company’s stock, valued at approximately $1,403,750.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.40% of the stock is currently owned by corporate insiders.

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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