Celanese Corporation (CE) Getting Somewhat Favorable Press Coverage, Report Finds

News articles about Celanese Corporation (NYSE:CE) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive media coverage by analyzing 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 Corporation earned a media sentiment score of 0.22 on Accern’s scale. Accern also assigned news stories about the basic materials company an impact score of 46.4988582134757 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

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

A number of equities analysts have commented on the company. Royal Bank Of Canada increased their target price on Celanese Corporation from $109.00 to $115.00 and gave the company an “outperform” rating in a report on Wednesday, October 18th. BidaskClub cut Celanese Corporation from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Jefferies Group LLC reissued a “buy” rating and set a $122.00 target price on shares of Celanese Corporation in a report on Thursday, October 19th. KeyCorp reissued a “buy” rating and set a $106.00 target price on shares of Celanese Corporation in a report on Thursday, August 24th. Finally, UBS AG increased their target price on Celanese Corporation from $100.00 to $107.00 and gave the company a “neutral” rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have assigned a buy rating and two have given a strong buy rating to the stock. Celanese Corporation currently has a consensus rating of “Buy” and an average target price of $107.74.

Celanese Corporation (NYSE CE) traded up $0.79 during trading hours on Friday, hitting $106.72. The company had a trading volume of 171,006 shares, compared to its average volume of 878,824. Celanese Corporation has a 12-month low of $75.79 and a 12-month high of $109.11. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. The firm has a market capitalization of $14,367.92, a PE ratio of 15.03, a PEG ratio of 1.60 and a beta of 1.31.

Celanese Corporation (NYSE:CE) last posted its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, beating the consensus estimate of $1.92 by $0.01. The firm had revenue of $1.57 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Celanese Corporation had a return on equity of 31.98% and a net margin of 13.66%. The business’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.67 earnings per share. sell-side analysts forecast that Celanese Corporation will post 7.37 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, November 9th. Investors of record on Monday, October 30th were given a $0.46 dividend. The ex-dividend date of this dividend was Friday, October 27th. This represents a $1.84 annualized dividend and a yield of 1.72%. Celanese Corporation’s payout ratio is 32.11%.

In related news, Director John K. Wulff sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total value of $264,700.00. Following the completion of the transaction, the director now directly owns 30,175 shares in the company, valued at $3,194,929. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Christopher W. Jensen sold 1,000 shares of the stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the completion of the transaction, the chief financial officer now owns 60,086 shares of the company’s stock, valued at $6,289,802.48. The disclosure for this sale can be found here. Corporate insiders own 0.42% of the company’s stock.

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About Celanese Corporation

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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