Celanese Corporation (CE) has reported a mixed bag of news over the past several months. Despite announcements of strategic adjustments and low-carbon solutions in their latest sustainability report, the company's stock has been underperforming compared to competitors and has struck a 52-week low of $71.43. This inconsistency can be attributed to the unfavorable market conditions and cited 'demand weakness'. The Q3 2024 earnings report demonstrates a missed EPS by 61%, signaling further challenges. This was reflected in the various analyst downgrade cues, including Barclays, UBS, Wells Fargo, and Piper Sandler. In an attempt to offset this, the corporation has made a strategic partnership with Henkel on CO2-based adhesives technology and taken a leverage stance with a $1 billion term credit loan, yet the financial performance seems gloomy, showing a significant 95% dividend cut. This has led to some shareholder dissatisfaction and a call for investigations. A closer look at the balance sheet paints a 'precarious' picture with MXN18,115 Mil of long-term liabilities. Nevertheless, some investors find the stock to be oversold, providing a possible undervalued investment opportunity.
Celanese Corporation CE News Analytics from Sat, 11 May 2024 07:00:00 GMT to Sun, 24 Nov 2024 00:45:08 GMT -
Rating -6
- Innovation 0
- Information 5
- Rumor -2
