Somewhat Positive News Coverage Somewhat Unlikely to Impact Celanese (CE) Share Price

Media stories about Celanese (NYSE:CE) have been trending somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Celanese earned a daily sentiment score of 0.16 on Accern’s scale. Accern also assigned news articles about the basic materials company an impact score of 45.448575619432 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the media stories that may have impacted Accern Sentiment’s analysis:

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CE has been the topic of several recent analyst reports. Zacks Investment Research upgraded Celanese from a “hold” rating to a “buy” rating and set a $117.00 target price on the stock in a research report on Wednesday, April 11th. BMO Capital Markets initiated coverage on Celanese in a research report on Tuesday, March 27th. They set an “outperform” rating and a $131.00 target price on the stock. Jefferies Group reiterated a “buy” rating and set a $130.00 target price on shares of Celanese in a research report on Monday, January 29th. UBS boosted their target price on Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a research report on Friday, January 26th. Finally, SunTrust Banks restated a “buy” rating on shares of Celanese in a report on Wednesday, January 17th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $115.69.

CE stock traded up $3.96 on Tuesday, reaching $110.38. The company had a trading volume of 1,825,758 shares, compared to its average volume of 781,550. Celanese has a 1 year low of $83.34 and a 1 year high of $114.00. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79. The firm has a market cap of $14,146.70, a P/E ratio of 14.70, a PEG ratio of 1.36 and a beta of 1.33.

Celanese (NYSE:CE) last posted its earnings results on Monday, April 16th. The basic materials company reported $2.79 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.33 by $0.46. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm had revenue of $1.85 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the company earned $1.81 EPS. Celanese’s revenue was up 25.8% on a year-over-year basis. research analysts predict that Celanese will post 8.59 earnings per share for the current year.

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Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

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