We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Celanese (CE) to Raise the Price of Emulsions in Europe
Read MoreHide Full Article
Celanese Corporation (CE - Free Report) will raise the price of vinyl acetate-based and styrene acrylate emulsions in Europe. The price hike will be put into effect for orders shipped on or after Oct 1, or as contracts permit.
In Europe, the company will hike the price of Vinyl Acetate Ethylene (VAE) and Polyvinyl Acetate (PVAC) as well as Styrene Acrylate Emulsions by €50/MT each.
Celanese has outperformed the industry in a year’s time. While shares of the company have moved up around 11.4%, the industry saw around 0.1% decline.
The company’s strategic measures, including acquisitions and operational cost savings through productivity actions and efficiency enhancement, are likely to boost earnings in 2018. Earnings are expected to be driven by productivity actions, price hike actions and operational improvement.
In July, Celanese raised its adjusted earnings per share guidance for 2018 to roughly $10.50-$10.75 based on strength across Engineered Materials (EM) and Acetyl Chain units. The company expects the Acetyl Chain momentum to continue in the third quarter.
Sales from the EM unit increased year over year in the second quarter. Growth in Asia and the Americas, better product mix, recent acquisitions and project commercializations contributed to the division’s earnings. Nilit and Omni Plastics acquisitions are expected to drive earnings in the Engineered Materials unit.
Moreover, the Acetyl Chain segment gained from improving acetyl industry fundamentals as well as higher volumes and pricing in the quarter.
Some other top-ranked companies in the basic materials space are Ingevity Corp. (NGVT - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
CF Industries has an expected long-term earnings growth rate of 6% and a Zacks Rank #2 (Buy). The company’s shares have gained 46.9% in the past year.
Air Products has an expected long-term earnings growth rate of 16.2% and a Zacks Rank #2. Its shares have gained 11.7% in a year’s time.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
Image: Bigstock
Celanese (CE) to Raise the Price of Emulsions in Europe
Celanese Corporation (CE - Free Report) will raise the price of vinyl acetate-based and styrene acrylate emulsions in Europe. The price hike will be put into effect for orders shipped on or after Oct 1, or as contracts permit.
In Europe, the company will hike the price of Vinyl Acetate Ethylene (VAE) and Polyvinyl Acetate (PVAC) as well as Styrene Acrylate Emulsions by €50/MT each.
Celanese has outperformed the industry in a year’s time. While shares of the company have moved up around 11.4%, the industry saw around 0.1% decline.
The company’s strategic measures, including acquisitions and operational cost savings through productivity actions and efficiency enhancement, are likely to boost earnings in 2018. Earnings are expected to be driven by productivity actions, price hike actions and operational improvement.
In July, Celanese raised its adjusted earnings per share guidance for 2018 to roughly $10.50-$10.75 based on strength across Engineered Materials (EM) and Acetyl Chain units. The company expects the Acetyl Chain momentum to continue in the third quarter.
Sales from the EM unit increased year over year in the second quarter. Growth in Asia and the Americas, better product mix, recent acquisitions and project commercializations contributed to the division’s earnings. Nilit and Omni Plastics acquisitions are expected to drive earnings in the Engineered Materials unit.
Moreover, the Acetyl Chain segment gained from improving acetyl industry fundamentals as well as higher volumes and pricing in the quarter.
Celanese Corporation Price and Consensus
Celanese Corporation Price and Consensus | Celanese Corporation Quote
Zacks Rank & Other Stocks to Consider
Celanese is a Zacks Rank #1 (Strong Buy) stock.
Some other top-ranked companies in the basic materials space are Ingevity Corp. (NGVT - Free Report) , CF Industries Holdings, Inc. (CF - Free Report) and Air Products and Chemicals, Inc. (APD - Free Report) .
Ingevity has an expected long-term earnings growth rate of 12% and a Zacks Rank #1. The company’s shares have rallied 73.8% in the past year. You can see the complete list of today’s Zacks #1 Rank stocks here.
CF Industries has an expected long-term earnings growth rate of 6% and a Zacks Rank #2 (Buy). The company’s shares have gained 46.9% in the past year.
Air Products has an expected long-term earnings growth rate of 16.2% and a Zacks Rank #2. Its shares have gained 11.7% in a year’s time.
Best Electric Car Stock? You'll Never Guess It.
Zacks Research has released a report that may shock many investors. One stock stands out as the best way to invest in the surge to electric cars. And it's not the one you may think!
Much like petroleum 150 years ago, lithium battery power is set to shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge. With battery prices plummeting and charging stations set to multiply, revenues that were already at $31 billion in 2016 are expected to blast to over $67 billion by the end of 2022.
See Zacks Best EV Stock Free >>