Favorable Press Coverage Somewhat Unlikely to Affect Celanese (CE) Share Price
News articles about Celanese (NYSE:CE) have trended positive recently, according to Accern Sentiment Analysis. The research firm identifies negative and positive press coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celanese earned a media sentiment score of 0.30 on Accern’s scale. Accern also assigned media coverage about the basic materials company an impact score of 47.0351760888717 out of 100, meaning 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 news headlines that may have effected Accern Sentiment’s scoring:
- Celanese Co. (CE) Expected to Post Earnings of $2.32 Per Share (americanbankingnews.com)
- Analyst Favorites With Strong Buyback Activity: Celanese Corp Ranks As a Top Pick (nasdaq.com)
- Celanese Announces Low Density Polyethylene Price Increase in the Americas Region (finance.yahoo.com)
- EU mergers and takeovers (Feb 13) (reuters.com)
- Global Polysulfone (PSU) Market Segmentation by Product Types and Application with Forecast to 2025 (emailwire.com)
Celanese (NYSE:CE) traded down $0.16 on Friday, hitting $102.49. 363,617 shares of the company were exchanged, compared to its average volume of 714,696. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.16 and a current ratio of 1.79. Celanese has a 1-year low of $83.34 and a 1-year high of $114.00. The company has a market cap of $13,920.00, a PE ratio of 16.56, a P/E/G ratio of 1.36 and a beta of 1.27.
The company also recently announced a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be issued a dividend of $0.46 per share. This represents a $1.84 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date is Friday, February 16th. Celanese’s dividend payout ratio (DPR) is presently 29.73%.
A number of research analysts have recently weighed in on the company. Jefferies Group reissued a “buy” rating and issued a $130.00 price target on shares of Celanese in a research note on Monday, January 29th. UBS Group increased their price target on Celanese from $107.00 to $113.00 and gave the company a “neutral” rating in a research note on Friday, January 26th. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $124.00 price target on the stock in a research note on Tuesday, January 23rd. Robert W. Baird reissued a “buy” rating and issued a $130.00 price target on shares of Celanese in a research note on Monday, January 29th. Finally, Deutsche Bank reissued a “buy” rating and issued a $128.00 price target on shares of Celanese in a research note on Monday, January 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $113.28.
In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of the stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the transaction, the chief financial officer now owns 52,924 shares in the company, valued at approximately $5,821,640. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.42% of the stock is currently owned by corporate insiders.
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Celanese 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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