News coverage about Celanese (NYSE:CE) has been trending positive recently, according to Accern Sentiment Analysis. The research firm ranks the sentiment of press coverage by reviewing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Celanese earned a news sentiment score of 0.28 on Accern’s scale. Accern also assigned news coverage about the basic materials company an impact score of 47.0987242167789 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the media stories that may have effected Accern Sentiment’s rankings:
- Celanese Co. (CE) Stake Boosted by OppenheimerFunds Inc. (americanbankingnews.com)
- Rhumbline Advisers Reduces Stake in Celanese Co. (CE) (americanbankingnews.com)
- State of Wisconsin Investment Board Increases Stake in Celanese Co. (CE) (americanbankingnews.com)
- Celanese Co. (CE) Shares Bought by UBS Asset Management Americas Inc. (americanbankingnews.com)
- BlackRock Inc. Boosts Stake in Celanese Co. (CE) (americanbankingnews.com)
A number of analysts have weighed in on the company. Robert W. Baird reiterated a “buy” rating and issued a $130.00 price target on shares of Celanese in a research report on Monday, January 29th. Deutsche Bank reissued a “buy” rating and issued a $128.00 price objective on shares of Celanese in a research note on Monday, January 29th. Jefferies Group reissued a “buy” rating and issued a $130.00 price objective on shares of Celanese in a research note on Monday, January 29th. Citigroup boosted their price objective on Celanese from $123.00 to $128.00 and gave the stock a “buy” rating in a research note on Monday, January 29th. Finally, UBS Group boosted their price objective on Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research note on Friday, January 26th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have issued a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $113.28.
Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.86 by $0.12. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The business had revenue of $1.59 billion for the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the prior year, the firm posted $1.52 earnings per share. The firm’s revenue for the quarter was up 21.5% compared to the same quarter last year. equities analysts predict that Celanese will post 8.52 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Stockholders of record on Tuesday, February 20th will be paid a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.77%. The ex-dividend date is Friday, February 16th. Celanese’s dividend payout ratio (DPR) is presently 26.86%.
In other news, CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now owns 52,924 shares of the company’s stock, valued at $5,821,640. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.42% of the company’s stock.
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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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