Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.
) pushed the Chemicals industry lower today making it today's featured Chemicals laggard. The industry as a whole closed the day down 1.1%. By the end of trading, Celanese Corporation fell $1.24 (-2.4%) to $51.43 on heavy volume. Throughout the day, 2,503,684 shares of Celanese Corporation exchanged hands as compared to its average daily volume of 851,900 shares. The stock ranged in price between $51.35-$53.18 after having opened the day at $53.18 as compared to the previous trading day's close of $52.67. Other companies within the Chemicals industry that declined today were:
), down 8.6%,
), down 7.1%,
), down 7.0% and
), down 6.2%.
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Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. The company operates in four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates. Celanese Corporation has a market cap of $8.7 billion and is part of the basic materials sector. The company has a P/E ratio of 12.2, below the S&P 500 P/E ratio of 17.7. Shares are down 4.8% year to date as of the close of trading on Friday. Currently there are 6 analysts that rate Celanese Corporation a buy, 1 analyst rates it a sell, and 7 rate it a hold.
TheStreet Ratings rates
. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity, attractive valuation levels, compelling growth in net income and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Celanese Corporation Ratings Report.
On the positive front,
), up 3.7%,
), up 3.4%,
), up 3.3% and
), up 3.2%.
- Use our chemicals section to find industry-relevant news.
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For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the chemicals industry could consider
) while those bearish on the chemicals industry could consider
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