Celanese Company (NYSE:), a worldwide chemical compounds and specialty supplies firm, noticed its inventory worth contact a 52-week low of $66.71. Buying and selling at a P/E ratio of 6.74x and providing a dividend yield of 4.09%, maintained for 20 consecutive years, the inventory seems undervalued based on InvestPro evaluation. This worth stage displays a major decline within the firm’s efficiency over the previous 12 months, with Celanese inventory seeing a considerable year-over-year change, falling -55.37%. Traders are carefully watching the inventory because it navigates a fancy market setting, which has led to this notable decline from its valuation over the previous 12 months. With analyst worth targets starting from $73 to $150, and eight further key insights obtainable at InvestProThe corporate’s strategic instructions and market situations within the coming months might be important to the potential restoration and investor confidence.
Moreover, Celanese Company has skilled vital modifications and challenges. The corporate not too long ago introduced the election of Christopher Kuehn, govt vice chairman and chief monetary officer of Trane Applied sciences (NYSE:), to its board of administrators. Celanese additionally made key management modifications, appointing Scott Richardson as CEO and Edward Galante as chairman of the board.
Nonetheless, the corporate’s monetary efficiency is a trigger for concern. Earnings expectations for the approaching interval have been revised downward by 18 analysts, and the corporate’s earnings for the third quarter of 2024 have been affected by market headwinds. Fourth-quarter earnings are anticipated to fall considerably, resulting in a deliberate discount within the firm’s quarterly dividend within the first quarter of 2025 to cut back its internet debt-to-EBITDA ratio.
A number of analyst corporations, together with UBS, BMO Capital Markets and Piper Sandler, have downgraded Celanese as a result of considerations concerning the firm’s skill to handle debt and the influence of a weaker macroeconomic setting than anticipated. Regardless of these challenges, Celanese is concentrated on decreasing prices, creating synergies, enhancing the engineered supplies pipeline and exploiting the acetyl chain. Nonetheless, a doable merger with Blackstone (NYSE:) for Acetow has been dominated out as a result of regulatory considerations. These are current developments from Celanese Company.
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