Celanese Corporation (CE) has had a turbulent period marked by a mix of underperformance and strength over select days. However, the company has recorded notable overall growth due to a range of factors. BMO Capital Markets raised its price target to $158 a share, and Mizuho raised it further to $173, indicating a bullish sentiment. Celanese's Q1 earnings and revenues have consistently beat estimates, registering incremental revenue growth. The firm has also extended its long-term feedstock contract in China and formed a food ingredients joint-venture with Mitsui. Price increases for selective products have also been announced, with their ethylene-based VAM being awarded a Green Technology tag. The company's efforts to expand in India through the acquisition of Next Polymers further strengthen its market position. The stock recently added 5.7% in a single session and has returned a notable 76% for investors over the past five years. The companyβs shareholders have invested heavily, as the stock looks good for investment and continues to go ex-dividend. Acquisitions and productivity actions continue to drive gains. Additionally, Celanese plans to increase prices of emulsion polymers and acetate tow, which could explain the rise in its stock value.
Celanese Corporation CE News Analytics from Wed, 27 Dec 2023 08:00:00 GMT to Thu, 16 May 2024 11:27:44 GMT - Rating 7 - Innovation 6 - Information 7 - Rumor -3
