Celanese Corporation (CE): Today's Featured Chemicals Loser
(
) pushed the Chemicals industry lower today making it today's featured Chemicals loser. The industry as a whole closed the day up 1.1%. By the end of trading, Celanese Corporation fell 50 cents (-1.2%) to $40.81 on average volume. Throughout the day, 1.7 million shares of Celanese Corporation exchanged hands as compared to its average daily volume of 1.9 million shares. The stock ranged in price between $40.19-$41.51 after having opened the day at $41.45 as compared to the previous trading day's close of $41.31. Other company's within the Chemicals industry that declined today were:
(
), down 10.6%,
(
), down 6.6%,
(
), down 3.6%, and
(
), down 2.5%.
Celanese Corporation, a technology and specialty materials company, engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products. Celanese Corporation has a market cap of $6.45 billion and is part of the
sector. The company has a P/E ratio of 10.1, equal to the average chemicals industry P/E ratio and below the S&P 500 P/E ratio of 17.7. Shares are down 6.7% year to date as of the close of trading on Wednesday. Currently there are nine analysts that rate Celanese Corporation a buy, one analyst rates it a sell, and two rate it a hold.
TheStreet Ratings rates Celanese Corporation as a
. The company's strengths can be seen in multiple areas, such as its revenue growth, impressive record of earnings per share growth, compelling growth in net income, good cash flow from operations and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins.
- You can view the full Celanese Ratings Report.
On the positive front,
(
), up 9.5%,
(
), up 8.7%,
(
), up 8.5%, and
(
), up 8.1%, were all gainers within the chemicals industry with
(
) being today's featured chemicals industry winner.
- Use our chemicals section to find industry-relevant news.
- Or find some new ideas from our top rated stocks lists.
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
ProShares Short Basic Materials Fd
(
).
- Find other investment ideas from our top rated ETFs lists.
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