Shares of the company are trading at $97.79 which is just a bit higher than $89.10, the 50 day moving average and barely above the 200 day moving average of $87.46. The 50 day moving average was up $8.69 or +9.75% whereas the 200 day moving average was up $10.33 or +11.81%. Celanese Corporation Celanese C shares had a trading volume of 595K on Thursday. Shares saw a steep decrease in trading volume of 19.47% under the normal average daily volume.
There has been some selling insider activity on Celanese Corporation Celanese C (NYSE:CE) recently. Kevin S. Oliver, Chief Acctg Officer/Controller sold $204,171 worth of shares at an average price of $87.74 on February 14th. Oliver now owns $1,678,470 of stock as reported to the SEC. Sr VP Gjon N. Jr Nivica disclosed the sale of 12,000 shares. The shares were purchased at an average price of $88.35. Nivica now owns $2,695,559 of the stock according to the SEC filing.
EVP & CAO Lori A. Johnston let go of 83,829 shares at an average price of $72.30 on Tue the 8th. That brings the EVP & CAO’s holdings to $1,866,497 per an SEC filing yesterday.
These firms have also modified their investment in CE. As of the end of the quarter Gateway Investment Advisers LLC had bought a total of 505 shares growing its holdings by 0.6%. The value of the company’s investment in Celanese Corporation Celanese C increased from $8,098,000 to $8,605,000 a change of 6.3% for the reporting period. As of quarter end Creative Planning had acquired 81 shares growing its stake by 9.7%. The value of the investment in (CE) went from $75,000 to $87,000 increasing 16.0% since the last quarter.
As of the end of the quarter Bank Of Montreal /can/ had disposed of 45 shares trimming its position 0.3%. The value in dollars increased from $1,323,000 to $1,394,000 a change of $71,000 quarter over quarter. As of quarter end Atria Investments LLC had acquired 19 shares growing its stake by 0.8%. The value of the total investment in Celanese Corporation Celanese C increased from $212,000 to $226,000 increasing 6.6% quarter to quarter.
On December 13 the stock rating was upgraded from “Sector Perform” to “Outperform” and a price target of $100.00 was set in a report issued by RBC Capital. Equity analyst RBC Capital both upgraded the stock and raised the price target on December 13 changing the price objective from $72.00 to $100.00 and changing the rating from “Sector Perform” to “Outperform”.
On November 30 the company was upgraded to “Buy” from “Neutral” with a current price target of $92.00 in a report from Goldman Sachs. Goldman Sachs raised the price target and upgraded the stock on November 30 changing the price target from $71.00 to $92.00 and moving the rating from “Neutral” to “Buy”.
October 19 investment analysts at Nomura maintained a company rating of “Neutral” but raised the price target to $77.00 from $62.00. starting coverage on CE with a rating of “Overweight”.
The company is trading up from yesterday’s close of $96.39. Celanese Corporation Celanese C declared a dividend that was paid on Thu May 11, 2017. The dividend payment was $0.460 per share for the quarter which is $1.84 annualized. This dividend represents a yield of $1.91. The ex-dividend date was set for Thursday the 27th of April 2017.
The company’s P/E ratio is 17.04 and market cap is 13.64B. In the last earnings report the EPS was $5.74 and is expected to be $7.28 for the current year with 139,453,000 shares now outstanding. Next quarter’s EPS is expected be $1.92 and the next full year EPS is projected to be $8.05.
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..