Celanese Corporation (CE) has seen fluctuating performance in the trade with their stocks outperforming competitors on various trading days, despite some losses. Their Q2 earnings and sales fell short of estimates which may have given investors cause for concern. Significant amounts have been invested in the corporation by
Axa S.A., Marshall Wace LLP, New Century Financial Group, APG Asset Management N.V. and others. Furthermore, CE's earnings are reportedly not meeting the expectations of some investors. The company's shares received an average rating of
'hold' from analysts. The corporation has also faced criticism for its debt burden and margin expansion story not offsetting leverage risks.
Susquehanna Fundamental Investments LLC and
ProShare Advisors LLC have acquired shares of the company whereas some shareholders find it hard to justify a pay rise for CE's CEO.
Bruce Chinn has been elected to the corporation's board of directors. However, the corporation has lowered its 2024 earnings forecast causing their shares to drop over 5%. CE has declared a quarterly dividend of $0.70 per share amid all these developments.
Celanese Corporation CE News Analytics from Sat, 06 May 2023 07:00:00 GMT to Fri, 04 Oct 2024 21:16:00 GMT -
Rating -2
- Innovation -2
- Information 4
- Rumor -3
