In the market the company is trading up from yesterday’s close of $96.39. The stock last traded at $97.34 which is just over the 50 day moving average of $89.10 and a tad higher than the 200 day moving average of $87.46. The 50 day moving average went up $8.12 or +9.11% and the 200 day average was up $9.76.
Here is the rundown on market activity for Celanese Corporation Celanese C (NYSE:CE). Kevin S. Oliver, Chief Acctg Officer/Controller sold $204,171 worth of shares at an average price of $87.74 on February 14th. That brings Oliver’s holdings to $1,678,470 as recorded in a recent Form 4 SEC filing. Gjon N. Jr Nivica, Sr VP reported the sale of 12,000 shares of (CE). The shares were purchased at an average price of $88.35. The Sr VP now owns $2,695,559 of the stock per the Form 4 SEC filing.
Lori A. Johnston, EVP & CAO disclosed the sale of 83,829 shares of CE stock. The shares were sold on November 8th for an average price of $72.30. Johnston now owns $1,866,497 of the stock according to the SEC filing.
Celanese Corporation (Celanese), launched on November 3, 2004, is a technology and specialty materials company. The Business’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Business’s business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products. Its product portfolio serves a range of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. The Company operates in North America, Europe and Asia. As of December 31, 2016, the Company had 30 global production facilities, and an additional eight affiliate production facilities..
These firms have also modified their investment in CE. Gateway Investment Advisers LLC augmented its holdings by buying 505 shares an increase of 0.6% from 03/31/2017 to 06/30/2017. Gateway Investment Advisers LLC owns 90,638 shares worth $8,605,000. The value of the position overall is up by 6.3%. As of the end of the quarter Bank Of Montreal /can/ had sold a total of 45 shares trimming its holdings by 0.3%. The value of the investment in (CE) went from $1,323,000 to $1,394,000 a change of 5.4% quarter over quarter.
Atria Investments LLC bolstered its position by buying 19 shares an increase of 0.8% in the quarter. Atria Investments LLC now holds 2,381 shares with a value of $226,000. The total value of its holdings increased 6.6%. As of quarter end Daiwa Sb Investments Ltd. had acquired 190 shares growing its position 50.0%. The value of the company’s investment in Celanese Corporation Celanese C increased from $34,000 to $54,000 a change of $20,000 since the last quarter.
RBC Capital raised the price target and upgraded the stock on December 13 changing the price target from $72.00 to $100.00 and raising the rating from “Sector Perform” to “Outperform”. On December 13 the company was upgraded to “Outperform” from “Sector Perform” and a price target of $100.00 was set by analysts at RBC Capital.
Equity analyst Goldman Sachs upgraded the stock and raised the price target on November 30 boosting the price target from $71.00 to $92.00 and setting the rating at “Buy” which had previously been “Neutral”. On November 30 the stock rating was upgraded from “Neutral” to “Buy” with a current price target of $92.00 in an announcement from Goldman Sachs.
October 19 investment analysts at Nomura maintained a company rating of “Neutral” and moved up the price target to $77.00 from $62.00. KeyBanc started covering CE with an initial rating of “Neutral” and setting a price target of $71.00.
Additionally the company recently announced a dividend that was paid on Thursday the 11th of May 2017. The dividend payment was $0.460 per share for the quarter or $1.84 annualized. This dividend represents a yield of $1.91. The ex-dividend date was Thursday the 27th of April 2017.
Celanese Corporation Celanese C’s P/E ratio is 16.94 and the market cap of the company is 13.56B. In the last earnings report the EPS was $5.74 and is estimated to be $7.28 for the current year with 139,453,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.92 with next year’s EPS projected to be $8.05.