|Bid||108.90 x 1200|
|Ask||0.00 x 1100|
|Day's Range||115.95 - 117.14|
|52 Week Range||95.45 - 119.29|
|PE Ratio (TTM)||14.02|
|Earnings Date||Oct 15, 2018 - Oct 19, 2018|
|Forward Dividend & Yield||2.16 (1.86%)|
|1y Target Est||131.06|
On September 18, Celanese announced that it will increase acetate tow prices. The price increase will be effective on November 1 or as the contract allows. The prices will increase across all of the acetate tow grades. The increase will impact Eastern Europe and Asia. Celanese will increase the acetate tow prices by $1.00 per kilogram.
On September 21, Cabot (CBT) announced that it plans to increase activated carbon prices. The price increase will be effective on October 1 or as the contract allows. The price increase will be 5%–10% globally.
Valmont's (VMI) latest technology provides industrial coatings customers with real-time visibility of their products from any device possessing an ability to schedule deliveries and product pick-ups.
CVC and Messer Group to buy additional assets worth $200 million in order to comply with U.S. antitrust approval for the pending Praxair (PX) and Linde merger.
Second-quarter 13F SEC (U.S. Securities and Exchange Commission) filings indicate that institutional investors own 95.3% of Celanese’s (CE) outstanding shares. Of the 573 institutional investors that hold CE, 231 have increased their positions, 253 have reduced their positions, and 89 have maintained their positions.
Eastman Chemical's (EMN) Specialty Plastic Business is implementing price increases for Copolyesters products owing to increased operating costs, especially of raw materials.
Celanese (CE), a specialty chemical company, has outperformed its selected peers so far in 2018. YTD (year-to-date), Celanese has risen ~6%. Its peer Eastman Chemical (EMN) has risen 5% YTD. LyondellBasell (LYB) and Westlake Chemical (WLK) have fallen 7.4% and 21.2%, respectively, YTD. However, CE has underperformed the S&P 500 (SPY), which has gained 8.6% in the same period.
The overall analyst consensus recommendation for Celanese stock indicates a target price of $131.20 which implies a return potential of 15.7% over its closing price on September 18. In the past three months, analysts have increased CE’s target price from $125.50 to its current target price.
The latest short interest report on August 31 indicates that Celanese’s (CE) short interest is at the lowest point since the beginning of 2018. According to the latest report, CE’s short interest as a percentage of its outstanding shares is 1.44%.
Over the past six years, data indicate that Celanese (CE) has been generating positive free cash flows. In that period, CE has generated an average free cash flow of $362 million. At the end of the second quarter of 2018, it generated a free cash flow of $562 million.
At the end of the second quarter of 2018, Celanese (CE) reported debt of ~$.3.6 billion. Its debt remained stable at ~$3 billion between 2012 and 2016. However, at the end of 2017, Celanese raised 300 million euros to fund its qualified US pension plans. As a result, CE’s debt is at its highest level in more than six years.
Zacks.com highlights: Celanese, Maxim Integrated Products, American Financial Group, Teradyne and EMCOR Group
Celanese Corporation (CE), a global specialty materials company, today announced it will raise prices of all acetate tow product grades sold in Eastern Europe and Asia by $1.00/kg. "We have undertaken significant cost-reduction actions in the last few years to drive the sustainability of our business and ensure we deliver the support, quality and security of supply our customers have grown to rely on from Celanese,” said Marcel van Amerongen, Vice President, Cellulose Derivatives. Celanese Corporation is a global technology leader in the production of differentiated chemistry solutions and specialty materials used in most major industries and consumer applications.
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