Trade-Ideas LLC identified

Celanese

(

CE

) as a new lifetime high candidate. In addition to specific proprietary factors, Trade-Ideas identified Celanese as such a stock due to the following factors:

  • CE has an average dollar-volume (as measured by average daily share volume multiplied by share price) of $64.3 million.
  • CE has traded 45,424 shares today.
  • CE is trading at a new lifetime high.

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More details on CE:

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The stock currently has a dividend yield of 1.8%. CE has a PE ratio of 33. Currently there are 4 analysts that rate Celanese a buy, 1 analyst rates it a sell, and 5 rate it a hold.

The average volume for Celanese has been 1.0 million shares per day over the past 30 days. Celanese has a market cap of $9.7 billion and is part of the basic materials sector and chemicals industry. The stock has a beta of 1.58 and a short float of 2.2% with 3.32 days to cover. Shares are down 0.3% year-to-date as of the close of trading on Wednesday.

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TheStreetRatings.com

Analysis:

TheStreet Quant Ratings

rates Celanese as a

hold

. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, poor profit margins and weak operating cash flow.

Highlights from the ratings report include:

  • CE, with its decline in revenue, slightly underperformed the industry average of 11.1%. Since the same quarter one year prior, revenues fell by 14.4%. Weakness in the company's revenue seems to have hurt the bottom line, decreasing earnings per share.
  • Even though the current debt-to-equity ratio is 1.25, it is still below the industry average, suggesting that this level of debt is acceptable within the Chemicals industry. Regardless of the somewhat mixed results with the debt-to-equity ratio, the company's quick ratio of 1.28 is sturdy.
  • Looking at where the stock is today compared to one year ago, we find that it is not only higher, but it has also clearly outperformed the rise in the S&P 500 over the same period, despite the company's weak earnings results. We feel that the combination of its price rise over the last year and its current price-to-earnings ratio relative to its industry tend to reduce its upside potential.
  • Net operating cash flow has decreased to $136.00 million or 18.07% when compared to the same quarter last year. In conjunction, when comparing current results to the industry average, CELANESE CORP has marginally lower results.
  • The company, on the basis of change in net income from the same quarter one year ago, has significantly underperformed when compared to that of the S&P 500 and the Chemicals industry. The net income has significantly decreased by 254.8% when compared to the same quarter one year ago, falling from -$84.00 million to -$298.00 million.

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