Celanese Corp. Ser -A- (CE) Plans Quarterly Dividend of $0.25
Celanese Corp. Ser -A- (NYSE:CE) declared a quarterly dividend on Thursday, April 24th, American Banking and Market News reports. Stockholders of record on Monday, May 5th will be given a dividend of 0.25 per share on Friday, May 16th. This represents a $1.00 dividend on an annualized basis and a yield of 1.69%.
Several analysts have recently commented on the stock. Analysts at SunTrust reiterated a “buy” rating on shares of Celanese Corp. Ser -A- in a research note on Wednesday. They now have a $70.00 price target on the stock. On the ratings front, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Celanese Corp. Ser -A- in a research note on Wednesday. They now have a $58.00 price target on the stock. Finally, analysts at Credit Suisse reiterated an “outperform” rating on shares of Celanese Corp. Ser -A- in a research note on Wednesday. They now have a $71.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $65.22.
Shares of Celanese Corp. Ser -A- (NYSE:CE) traded down 0.65% during mid-day trading on Thursday, hitting $59.20. 860,174 shares of the company’s stock traded hands. Celanese Corp. Ser -A- has a 52 week low of $43.57 and a 52 week high of $61.82. The stock has a 50-day moving average of $55.27 and a 200-day moving average of $54.6. The company has a market cap of $9.291 billion and a P/E ratio of 8.62.
Celanese Corp. Ser -A- (NYSE:CE) last posted its quarterly earnings results on Monday, April 21st. The company reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.21 by $0.12. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter in the previous year, the company posted $1.14 earnings per share. The company’s revenue for the quarter was up 6.2% on a year-over-year basis. Analysts expect that Celanese Corp. Ser -A- will post $4.96 EPS for the current fiscal year.
Celanese Corporation manufactures chemical products. The Company’s portfolio consists of five main businesses: Acetyl Products, Chemical Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products.
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