Stock in Focus: Celanese Corporation (CE)

Company Profile:

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. Its businesses use the full breadth of Celanese’s global chemistry, technology and commercial expertise to create value for customers, employees, shareholders and the corporation. Based in Dallas, Celanese employs approximately 7,700 employees worldwide and had 2017 net sales of $6.1 billion. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Recent News:

The company reported second-quarter earnings of $344 million. It had profit of $2.52. Earnings, adjusted for non-recurring costs, were $2.90 per share.

The company declared a quarterly dividend of $0.54 per share on its Series A common stock, payable on August 6, 2018. The dividend is payable to stockholders of record as of July 27, 2018.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

CE’s strengths can be seen in its better growth and strong profitability compared with its peers. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator, the RSI stands at 54.42 with positive bias. We rate Celanese Corporation (CE) a STRONG BUY.

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