As per the recent news, Celanese Co. (NYSE:CE) sees considerable activity. Its shares have been traded by various institutional investors, including American International Group, Epoch Investment Partners, Capital International CA, and Bessemer Group among others. Celanese Corporation's stock performance underperformed competitors on several days but also showed increments on others. There has been anticipation for upcoming earnings, which experts suggest may grow. Opinions remain mixed on Celanese's long-term value, with some suggesting undervaluation, supported by a recent upswing of 39% in six months. However, the company's five-year earnings growth has lagged the 8.5% YoY shareholder returns. Celanese recently declared a quarterly dividend of $0.70 per share. Facing supply disruptions, the company declared a Force Majeure. Analysts give the company an average rating of 'Hold', as they navigated market challenges showing robust cash flow and deleveraging in 2023. Celanese recently initiated carbon capture and utilization operations at its Clear Lake, Texas facility and achieved milestones in its Acetyl Chain business. Despite these advances, some analysts have cut Celanese's price target due to ongoing market dynamics.
Celanese Corporation CE News Analytics from Wed, 09 Aug 2023 07:00:00 GMT to Sun, 28 Jul 2024 18:45:49 GMT - Rating 2 - Innovation -3 - Information 5 - Rumor -1
