Latest news with #Celanese
Yahoo
04-06-2025
- Business
- Yahoo
Celanese (CE) Up 9.6% Since Last Earnings Report: Can It Continue?
It has been about a month since the last earnings report for Celanese (CE). Shares have added about 9.6% in that time frame, outperforming the S&P 500. Will the recent positive trend continue leading up to its next earnings release, or is Celanese due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. It turns out, fresh estimates have trended downward during the past month. At this time, Celanese has a subpar Growth Score of D, though it is lagging a bit on the Momentum Score front with an F. However, the stock was allocated a grade of B on the value side, putting it in the second quintile for this investment strategy. Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in. Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Celanese has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months. Celanese is part of the Zacks Chemical - Specialty industry. Over the past month, Element Solutions (ESI), a stock from the same industry, has gained 3.3%. The company reported its results for the quarter ended March 2025 more than a month ago. Element Solutions reported revenues of $593.7 million in the last reported quarter, representing a year-over-year change of +3.3%. EPS of $0.34 for the same period compares with $0.34 a year ago. Element Solutions is expected to post earnings of $0.33 per share for the current quarter, representing a year-over-year change of -8.3%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.5%. Element Solutions has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of D. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Celanese Corporation (CE) : Free Stock Analysis Report Element Solutions Inc. (ESI) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Business Wire
30-05-2025
- Business
- Business Wire
Celanese Corporation to Participate in Fireside Discussion at Deutsche Bank 16 th Annual Global Industrials and Materials Conference
DALLAS--(BUSINESS WIRE)--Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, today announced that Scott Richardson, President and Chief Executive Officer, will participate in a fireside discussion at the Deutsche Bank Global Industrials and Materials Conference on Thursday, June 5, 2025, at 11:50 AM Eastern Time. A live webcast of the discussion and a replay of the webcast will be available at on the Events Calendar page. The replay is expected to be available until June 5, 2026. About Celanese Celanese Corporation is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and societal demand. We strive to make a positive impact in our communities and to foster inclusivity across our teams. Celanese Corporation employs more than 11,000 employees worldwide with 2024 net sales of $10.3 billion.
Business Wire
28-05-2025
- Business
- Business Wire
Cencora Elects Lori J. Ryerkerk to Its Board of Directors
CONSHOHOCKEN, Pa.--(BUSINESS WIRE)--Cencora, Inc. (NYSE: COR) today announced that its Board of Directors has elected Lori J. Ryerkerk as a new independent director, effective June 1, 2025. 'Ms. Ryerkerk's experience in complex, global supply chains will further strengthen the Board's expertise as we continue supporting the company's long-term growth. Her appointment reflects the Cencora Board's ongoing commitment to leaders who can help us contribute to driving stakeholder value,' said Mark Durcan, Lead Independent Director. 'Lori's experience as a public company CEO, leading a global specialties chemical company with extensive operations and logistics, will bring valuable insight as we execute against our strategy and build on our leadership as an end-to-end healthcare services provider,' said Robert P. Mauch, President and Chief Executive Officer of Cencora. Ms. Ryerkerk is the former Chairman, President and Chief Executive Officer of Celanese. She joined Celanese in 2019 and became Chairman in 2020. Prior to her role with Celanese, Ms. Ryerkerk spent over 25 years in manufacturing operations leadership roles, including Executive Vice President of Global Manufacturing at Shell Downstream Inc. She also currently serves on the Board of Directors of Eaton Corp. and Norfolk Southern. Ms. Ryerkerk earned her B.S. in Chemical Engineering from Iowa State. About Cencora Cencora is a leading global pharmaceutical solutions organization centered on improving the lives of people and animals around the world. We partner with pharmaceutical innovators across the value chain to facilitate and optimize market access to therapies. Care providers depend on us for the secure, reliable delivery of pharmaceuticals, healthcare products, and solutions. Our 51,000+ worldwide team members contribute to positive health outcomes through the power of our purpose: We are united in our responsibility to create healthier futures. Cencora is ranked #10 on the Fortune 500 and #18 on the Global Fortune 500 with more than $290 billion in annual revenue. Learn more at
CNBC
14-05-2025
- Business
- CNBC
Rising hedge fund stars at Sohn give their top investment ideas, including one that can rally nearly 50%
A handful of hedge fund founders took the stage Wednesday at the 2024 Sohn Investment Conference in New York to share their best investment ideas. The conference — one of the most anticipated hedge fund events of the year — kicked off with "Next Wave Sohn," a session that features ideas from leaders in the hedge fund industry. Here are their picks: Alexandra Engler, managing partner of Arene Capital, pitched Celanese as a top pick primed for sharp gains ahead. Celanese is the world's largest producer of acetic acid and the most vertically integrated large Western producer of the compound, which drives a "durable cost advantage" for the company, according to Engler. Her fund focuses on what she called "idiosyncratic dislocations," or situations where securities experience sudden sell-offs due to secular disruptions. Celanese shares have suffered a nearly 24% decline this year as the price of methanol — a substantial input cost in acetic acid prices — has been spiking for about 18 months due to global supply shortages. Engler sees the stock rising to $79 per share, implying 45.9% upside from Tuesday's close. The hedge fund founder is betting on a global deficit of methanol to increase over the next three years, requiring the U.S. to increase production and drive higher methanol prices. That, in turn, should lead to a 30% price increase in U.S. acetic prices by 2028 from current levels, according to Engler's forecast. "We believe acetic acid capacity utilization in the U.S. has bottomed," Engler said. "With capacity stabilized, we believe higher methanol will drive higher acetic acid prices." Robinhood is what Kristov Paulus calls a "hypercompetitor," a company that builds products fast, has a strong vision and bold leaders that he believes are underestimated by Wall Street. Robinhood is Kultura Capital Management's largest position. "Even in a more negative macro situation, this is quite reasonably priced," said Paulus, the fund's founder and CIO. "Underwriting this business is a hypercompetitor. This is betting on the organizations that are more likely to surprise us on the upside with products that not even we are thinking of." Robinhood has plenty of growth catalysts and "considerable room to grow as they close the gap with incumbents," Paulus said. "This organization is executing better than they ever have before, and we see many different ways that they can be successful." Paulus said Robinhood's product velocity has picked up in the last 18 months after stalling in 2021 and 2022, and that the company also has seen its customer retention rate rise since the GameStop mania in 2021. Another durable tailwind for Robinhood is the expected wealth transfer from "baby boomers" to millennial and Gen Z individuals. Paulus said the company is the the most popular brokerage among millennial and Gen Z investors in the U.S.. Robinhood also stands to grow from its highly accretive crypto offerings and expansion into retirement and international verticals, he said. Robinhood shares have jumped more than 65% this year, rallying 25% just this month. Fintech company nCino, which provides cloud-based software used by banks and financial institutions, is at a unique growth inflection point, according to Felis Advantage founder Connie Lee. Lee said nCino shares are attractively valued, trading at a 50% discount to vertical software peers due to challenges she views as being temporary. For example, nCino is currently changing its pricing to be based on a bank's asset size, rather than loan officers employed. This, she said, should help accelerate the business given that the company has a significant market share of U.S. banks with $1 billion or more in assets. "nCino is a high quality business with a dominant position in a large underpenetrated market, yet it trades at a steep discount compared to peers due to a confluence of one-time events," Lee said, adding that the company "presents a particularly asymmetric risk-reward." "For nCino customers, nCino is one of the most important pieces of software within the technology stack. It literally drives their revenue engine. So as you can imagine, nCino is very sticky, deeply embedded and mission-critical for those customers," Lee said. What's more, Lee views nCino as a tariff and recession-proof stock and named the stock an "AI winner" in a world of dynamic complex banking regulations. Shares of nCino are down 28% this year. VictoryArc Holdings founder and CIO Joseph Talia believes Tel-Aviv Stock Exchange, or TASE, is an under-the-radar play that can triple over the next five years. "TASE is a monopoly financial infrastructure asset that we think can compound intrinsic value in the mid-20s for many years to come, aided in part by a margin expansion opportunity," Talia said. "TASE' products are still priced at a massive discount to global peers." "In many ways, it is a supermarket for the capital markets of Israel — except it is the only game in town," he added, noting that Israel's real GDP has compounded 4% over the last 35 years and is home to underdeveloped capital markets. Talia believes that TASE offers a diversified and durable revenue stream, and said that exchanges, such as TASE, act as essential infrastructure assets with earnings streams that are generally uncorrelated to the market and broader economy.
Business Insider
13-05-2025
- Business
- Business Insider
Analysts' Opinions Are Mixed on These Materials Stocks: Canfor (OtherCFPZF) and Celanese (CE)
Analysts have been eager to weigh in on the Materials sector with new ratings on Canfor (CFPZF – Research Report) and Celanese (CE – Research Report). Protect Your Portfolio Against Market Uncertainty Canfor (CFPZF) TD Securities analyst Sean Steuart maintained a Buy rating on Canfor yesterday and set a price target of C$18.00. The company's shares closed last Monday at $9.81, close to its 52-week low of $9.76. Steuart has an average return of 0.8% when recommending Canfor. According to Steuart is ranked #1698 out of 9527 analysts. Canfor has an analyst consensus of Moderate Buy, with a price target consensus of $12.92, which is a 29.3% upside from current levels. In a report issued on April 30, Raymond James also maintained a Buy rating on the stock with a C$22.00 price target. Celanese (CE) RBC Capital analyst Arun Viswanathan maintained a Hold rating on Celanese on May 8 and set a price target of $53.00. The company's shares closed last Monday at $54.53, close to its 52-week low of $45.94. According to Viswanathan has 0 stars on 0-5 stars ranking scale with an average return of -5.4% and a 44.3% success rate. Viswanathan covers the Basic Materials sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Westlake Chemical. Celanese has an analyst consensus of Hold, with a price target consensus of $58.71, implying a 6.0% upside from current levels. In a report issued on May 6, Mizuho Securities also maintained a Hold rating on the stock with a $50.00 price target.
