Celanese Corporation (CE) has seen a series of mixed movements in the recent past. Several brokerages have set the average target price at $57.22; however, the stock has also experienced a 13% drop due to an inventory destocking disclosure. Various financial entities, including E. Ohman J or Asset Management AB and MetLife Investment Management LLC, have increased their holdings in the company, reflecting some market confidence. Despite some negative outlooks and theories, after stronger-than-expected Q2 earnings and upbeat guidance, the corporationβs valuation witnessed an 8.4% upsurge post last earnings report. This was however followed by a subsequent decline shortly after. Jim Cramer believes Celanese Corporation needs the chemicals market to go up and China to be back online for its stocks to perform positively. Interestingly, despite sell-offs after Q2 earnings, Celanese Corporation has bolstered its financial position with a new $1.75B credit facility and boosts to its cash reserve. Fortune magazine announced Ford among the next dividend payment dates and amounts. A major concern still brewing for Celanese Corporationsβ performance are concerns with possible lower H2 demand and general market uncertainties.
Celanese Corporation CE News Analytics from Wed, 04 Dec 2024 08:00:00 GMT to Sun, 21 Sep 2025 00:38:03 GMT -
Rating 0
- Innovation -5
- Information 8
- Rumor 0
