Celanese Corporation (CE) appears to be in a strong strategic position, with National Bank of Canada FI and Benjamin F. Edwards & Company Inc. recently increasing their respective stakes in the company. Emphasizing its strong performance, CE's share price has risen 14.4% since its last earnings report and a staggering 36% YTD. However, the company missed the EPS estimate in Q1 while still reporting a growth in revenue. Celanese has made serious steps to grow and diversify its holdings and operations by acquiring Next Polymers and Omni Plastics. Additionally, the biotech firm has enhanced its financial flexibility by increasing the prices of several products and extending long-term feedstock contracts in China. Despite some days of underperformance when compared to competitors, many experts remain bullish about CE given its gains from acquisitions and productivity actions, dividend growth rate, and robust cash flow. Notable portfolio adjustments include Truist Financial Corp reducing its holdings, and Victory Capital Management Inc., and Natixis Advisors L.P. raising their stakes. Finally, anticipation is heightened around the upcoming Q1 earnings announcement and analysts are making predictions for CE's future performance based on these developments.
Celanese Corporation CE News Analytics from Wed, 08 Nov 2023 08:00:00 GMT to Sun, 12 May 2024 10:57:11 GMT -
Rating 5
- Innovation 6
- Information 8
- Rumor 3
