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Celanese is trading at a depressed valuation due to this expectation. I believe it's time to start "BUY"ing the company here, and this is why I change my rating after over a year of "HOLD".
The stock's fall snapped a three-day winning streak.
Celanese Corp. closed 59.88% short of its 52-week high of $144.59, which the company reached on August 1st.
Celanese (CE) reported $2.8 billion in revenue for the quarter ended June 2023, representing a year-over-year increase of 12.4%. EPS of $2.17 for the same period compares to $4.99 a year ago. The ...
A representative for Celanese declined to comment. Shares in the company, which has a market value of about $14.8 billion, have risen more than 9% in the past year. It's trading just above $118 today.
Irving-based chemicals company Celanese Corp. is selling its minority stake in a Japanese joint venture for $1.575 billion. Celanese announced the deal before trading markets opened Monday.
Celanese should have sufficient cash flows to pay down debt and maintain its dividends. Lori Ryerkerk, CEO and executive chair of the board of directors, joined Celanese in 2019.
At Celanese, a $4.5 billion global chemicals maker, rollup means integrating many SAP systems?plans called for 13 when the project started, but that’s been scaled back to seven?into one.
Celanese’s stock was down 3% at the time of writing, due to management’s 2023 guidance cut driven by continued customer inventory destocking that will weigh on fourth quarter results.
Chemical and specialty-materials company Celanese Corp.CE-2.88%decrease; red down pointing triangle has reached a deal to buy most of DuPont de Nemours Inc.’s DD-0.83%decrease; red down pointing ...
Celanese Corporation CE is set to release fourth-quarter 2022 results after the closing bell on Feb 23. The company surpassed Zacks Consensus Estimate for earnings in two of the last four quarters ...