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.
Why Should You Add Celanese (CE) to Your Portfolio Now?
Read MoreHide Full Article
Celanese Corporation’s (CE - Free Report) stock looks promising at the moment. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s delve deeper into the factors that make this chemical company an intriguing choice for investors right now.
What Makes CE an Attractive Pick?
Solid Rank & VGM Score: Celanese currently sports a Zacks Rank #2 (Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
An Outperformer: Celanese has outperformed the industry over the past six months. The company’s shares have gained around 11.6% over this period, compared with roughly 7.7% growth recorded by the industry.
Positive Earnings Surprise History: Celanese has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering a positive average earnings surprise of roughly 11.5%.
Strong Growth Prospects: The Zacks Consensus Estimate for earnings for third-quarter 2018 for Celanese is currently pegged at $2.75, reflecting an expected year-over-year growth of 42.5%. Moreover, earnings are expected to register a 40.8% growth in 2018. The company also has an expected long-term earnings per share growth rate of 10%.
Upbeat Outlook: Celanese, in July, raised its adjusted earnings per share guidance for 2018 to roughly $10.50-$10.75 factoring in strength across its Engineered Materials and Acetyl Chain units. The company expects the momentum in Acetyl Chain to continue into the third quarter.
The company’s strategic measures including cost savings through productivity actions and efficiency enhancement are expected to continue to drive its earnings. Its bottom line is expected to be driven by productivity actions, price hike initiatives and operational improvement. Celanese expects to achieve productivity savings of $40-$50 million by 2020.
Celanese also remains focused on growth through acquisitions. The acquisition of Omni Plastics L.L.C. and its subsidiaries has strengthened Celanese’s global asset base by adding compounding capacity in the Americas, which will allow the company to continue supporting a diverse and growing customer base.
Celanese also continues to generate strong cash flows and remains focused on returning value to its shareholders. The company generated record free cash flow of $500 million and returned $173 million to shareholders through dividends and share repurchases in the second quarter. Celanese expects to deliver free cash flow of more than $1 billion in 2018.
Albemarle has an expected long-term earnings growth rate of 14.2%. The company’s shares are up roughly 9% over the past six months.
Trinseo has an expected long-term earnings growth rate of 12%. The company’s shares have gained around 10% over the past six months.
Quaker Chemical has an expected long-term earnings growth rate of 11%. The company’s shares have rallied around 34% over the past six months.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Image: Bigstock
Why Should You Add Celanese (CE) to Your Portfolio Now?
Celanese Corporation’s (CE - Free Report) stock looks promising at the moment. We are positive on the company’s prospects and believe that the time is right for you to add the stock to portfolio as it looks promising and is poised to carry the momentum ahead.
Let’s delve deeper into the factors that make this chemical company an intriguing choice for investors right now.
What Makes CE an Attractive Pick?
Solid Rank & VGM Score: Celanese currently sports a Zacks Rank #2 (Buy) and a VGM Score of A. Our research shows that stocks with a VGM Score of A or B, combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities for investors. Thus, the company appears to be a compelling investment proposition at the moment.
An Outperformer: Celanese has outperformed the industry over the past six months. The company’s shares have gained around 11.6% over this period, compared with roughly 7.7% growth recorded by the industry.
Positive Earnings Surprise History: Celanese has an impressive earnings surprise history. The company has outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering a positive average earnings surprise of roughly 11.5%.
Strong Growth Prospects: The Zacks Consensus Estimate for earnings for third-quarter 2018 for Celanese is currently pegged at $2.75, reflecting an expected year-over-year growth of 42.5%. Moreover, earnings are expected to register a 40.8% growth in 2018. The company also has an expected long-term earnings per share growth rate of 10%.
Upbeat Outlook: Celanese, in July, raised its adjusted earnings per share guidance for 2018 to roughly $10.50-$10.75 factoring in strength across its Engineered Materials and Acetyl Chain units. The company expects the momentum in Acetyl Chain to continue into the third quarter.
The company’s strategic measures including cost savings through productivity actions and efficiency enhancement are expected to continue to drive its earnings. Its bottom line is expected to be driven by productivity actions, price hike initiatives and operational improvement. Celanese expects to achieve productivity savings of $40-$50 million by 2020.
Celanese also remains focused on growth through acquisitions. The acquisition of Omni Plastics L.L.C. and its subsidiaries has strengthened Celanese’s global asset base by adding compounding capacity in the Americas, which will allow the company to continue supporting a diverse and growing customer base.
Celanese also continues to generate strong cash flows and remains focused on returning value to its shareholders. The company generated record free cash flow of $500 million and returned $173 million to shareholders through dividends and share repurchases in the second quarter. Celanese expects to deliver free cash flow of more than $1 billion in 2018.
Celanese Corporation Price and Consensus
Celanese Corporation Price and Consensus | Celanese Corporation Quote
Other Stocks to Consider
Other top-ranked stocks worth considering in the basic materials space include Albemarle Corporation (ALB - Free Report) , Trinseo S.A. (TSE - Free Report) and Quaker Chemical Corporation (KWR - Free Report) , each carrying a Zacks Rank #1. You can see the complete list of today’s Zacks #1 Rank stocks here.
Albemarle has an expected long-term earnings growth rate of 14.2%. The company’s shares are up roughly 9% over the past six months.
Trinseo has an expected long-term earnings growth rate of 12%. The company’s shares have gained around 10% over the past six months.
Quaker Chemical has an expected long-term earnings growth rate of 11%. The company’s shares have rallied around 34% over the past six months.
5 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2018 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs. A bonus Zacks Special Report names this breakthrough and the 5 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains.
Click to see them right now >>