Celanese Corporation (CE) Earning Very Positive Press Coverage, Study Shows

News articles about Celanese Corporation (NYSE:CE) have been trending very positive on Monday, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than twenty million news and blog 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 Corporation earned a media sentiment score of 0.51 on Accern’s scale. Accern also assigned press coverage about the basic materials company an impact score of 50 out of 100, meaning that recent media coverage is somewhat likely to have an impact on the stock’s share price in the next several days.

Here are some of the news stories that may have effected Accern Sentiment’s rankings:

A number of analysts have weighed in on the company. Nomura reiterated a “hold” rating and set a $88.00 price target on shares of Celanese Corporation in a report on Wednesday, April 19th. Goldman Sachs Group, Inc. (The) increased their price target on Celanese Corporation from $103.00 to $110.00 and gave the stock a “conviction-buy” rating in a report on Tuesday, April 4th. Jefferies Group LLC set a $104.00 price target on Celanese Corporation and gave the stock a “buy” rating in a report on Saturday, May 27th. Vetr upgraded Celanese Corporation from a “buy” rating to a “strong-buy” rating and set a $103.79 price target for the company in a report on Thursday, April 6th. Finally, Zacks Investment Research downgraded Celanese Corporation from a “buy” rating to a “hold” rating in a report on Friday, March 17th. One analyst has rated the stock with a sell rating, four have given a hold rating, eight have given a buy rating and three have issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $96.70.

Shares of Celanese Corporation (NYSE CE) opened at 96.14 on Monday. Celanese Corporation has a 52 week low of $60.59 and a 52 week high of $96.97. The stock has a 50 day moving average price of $89.10 and a 200 day moving average price of $87.46. The firm has a market capitalization of $13.41 billion, a P/E ratio of 16.75 and a beta of 1.28.

Celanese Corporation (NYSE:CE) last announced its quarterly earnings data on Monday, April 17th. The basic materials company reported $1.81 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.09. Celanese Corporation had a net margin of 15.14% and a return on equity of 30.92%. The business had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.44 billion. During the same quarter in the prior year, the company earned $1.83 earnings per share. The business’s revenue was up 4.8% compared to the same quarter last year. Analysts forecast that Celanese Corporation will post $7.28 EPS for the current year.

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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.

Insider Buying and Selling by Quarter for Celanese Corporation (NYSE:CE)

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