Celanese Co. (NYSE:CE) CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
Celanese Co. (NYSE:CE) opened at $111.34 on Monday. The company has a market cap of $15,101.71, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.50 and a beta of 1.32. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.16 and a current ratio of 1.69. Celanese Co. has a 12-month low of $81.01 and a 12-month high of $112.43.
Celanese (NYSE:CE) last announced its quarterly earnings data on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping the Zacks’ consensus estimate of $1.92 by $0.01. The company had revenue of $1.57 billion during the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a net margin of 13.66% and a return on equity of 31.98%. Celanese’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.67 EPS. sell-side analysts expect that Celanese Co. will post 7.37 earnings per share for the current year.
Several analysts recently commented on the stock. Royal Bank of Canada upped their price target on shares of Celanese from $109.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and issued a $122.00 price target on shares of Celanese in a research report on Thursday, October 19th. Citigroup reduced their price target on shares of Celanese from $122.00 to $120.00 and set a “buy” rating for the company in a research report on Wednesday, October 18th. Nomura upped their price target on shares of Celanese from $97.00 to $100.00 and gave the company a “neutral” rating in a research report on Tuesday, October 10th. Finally, UBS Group upped their price target on shares of Celanese from $100.00 to $107.00 and gave the company a “neutral” rating in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have given a buy rating and two have assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $108.17.
WARNING: This piece was originally published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://stocknewstimes.com/2018/01/15/celanese-co-ce-cfo-sells-330000-00-in-stock.html.
Celanese Company Profile
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.
Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.