Celanese Stock Is S&P's Worst Performer
Celanese's stock is suffering its worst day in 16 years after dividend slashed
Not all is rosy on Wall Street, as investors in chemical company Celanese's stock are having their worst day in 16 years. The company reported late Monday Q3 profit that missed expectations by a wide margin and sales that fell short for the eighth straight quarter,
Bank of America Securities analyst Salvator Tiano has reiterated their bearish stance on CE stock, giving a Sell rating on October 29.
Deutsche Bank has recently raised Celanese Corporation (CE) stock to Buy rating, as announced on Today, according to Finviz. Earlier, on November 5, 2024, Wells Fargo had reduced the stock from a ...
Celanese (NYSE:CE) fell 14% in extended trading Monday after the maker of specialty materials and chemicals said it would cut ...
Shares of Celanese fell sharply Tuesday morning after the chemicals supplier slashed its dividend and said it would sharply slow production following weak demand in its latest quarter. The stock was ...
Deutsche Bank upgrades Celanese to Buy, citing strong operating leverage and long-term earnings growth potential despite ...
Analysts have been eager to weigh in on the Materials sector with new ratings on Celanese (CE – Research Report) and Ramaco Resources (METC – ...
Revenue missed analyst estimates by 1.4%. Earnings per share (EPS) also missed analyst estimates by 61%. Looking ahead, ...
Specialty chemicals company Celanese cut its quarterly dividend by about 95% and laid out additional cost-cut plans following a profit slump, sending its shares down 14% in extended trading on Monday.
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