News articles about Celanese (NYSE:CE) have been trending somewhat positive on Tuesday, according to Accern. The research firm scores the sentiment of news coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Celanese earned a media sentiment score of 0.20 on Accern’s scale. Accern also assigned media stories about the basic materials company an impact score of 45.902855266049 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
These are some of the news articles that may have effected Accern Sentiment Analysis’s scoring:
- Celanese to Acquire Omni Plastics (finance.yahoo.com)
- Celanese (CE) At $106.15 Forms Top; Cubist Systematic Strategies Raised Its Molson Coors Brewing Co (TAP) Holding – Teletechwire (press release) (teletechwire.com)
- BADDOUR, RAYMOND F. (legacy.com)
- Reviewing Celanese (CE) and Enzymotec (ENZY) (americanbankingnews.com)
- Celanese Co. (CE) Receives Average Rating of “Buy” from Analysts (americanbankingnews.com)
CE has been the subject of a number of recent analyst reports. ValuEngine upgraded Celanese from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Tudor Pickering initiated coverage on Celanese in a research report on Tuesday, November 14th. They issued a “buy” rating for the company. Royal Bank of Canada restated a “buy” rating and issued a $109.00 price objective on shares of Celanese in a research report on Wednesday, September 6th. Cowen boosted their price objective on Celanese from $115.00 to $120.00 and gave the company an “outperform” rating in a research report on Wednesday, September 20th. Finally, Citigroup cut their price objective on Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $108.17.
Celanese (NYSE:CE) last issued its quarterly earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping the Thomson Reuters’ 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 had a return on equity of 31.98% and a net margin of 13.66%. The firm’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.67 earnings per share. sell-side analysts predict that Celanese will post 7.37 EPS for the current year.
In other Celanese news, Director John K. Wulff sold 2,500 shares of the business’s stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total transaction of $264,700.00. Following the transaction, the director now owns 30,175 shares of the company’s stock, valued at $3,194,929. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 60,086 shares in the company, valued at approximately $6,289,802.48. The disclosure for this sale can be found here. Insiders own 0.42% of the company’s stock.
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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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