UBS Maintains a 'Neutral' on Celanese (CE); Good 3Q on Acetyls Momentum
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Price: $46.80 -0.38%
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
15 Buy, 12 Hold, 4 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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UBS maintains a 'Neutral' on Celanese (NYSE: CE) price target raised to $46.00.
UBS analyst says, "CE reported 3Q adjusted EPS of $1.27, ahead of the Consensus estimate of $1.09 and our estimate of $1.05. Operating income for all segments was near our estimates except for the Acetyls segment that continued to see improved margins due to industry-wide outages for VAM and acetic acid."
"We are increasing our 2011 EPS estimate to $4.90 from $4.60 to reflect the 3Q $0.22 upside (versus our estimate) and on an annualized basis. This is above the company’s revised guidance of at least $4.67 in 2011. Our 2012 estimate is now $4.90 up from $4.50 on incrementally higher acetyl margins and our 2013 estimate is now $5.00, up from $4.60 for the same reason."
For more ratings news on Celanese click here and for the rating history of Celanese click here.
Shares of Celanese closed at $41.34 yesterday.
UBS analyst says, "CE reported 3Q adjusted EPS of $1.27, ahead of the Consensus estimate of $1.09 and our estimate of $1.05. Operating income for all segments was near our estimates except for the Acetyls segment that continued to see improved margins due to industry-wide outages for VAM and acetic acid."
"We are increasing our 2011 EPS estimate to $4.90 from $4.60 to reflect the 3Q $0.22 upside (versus our estimate) and on an annualized basis. This is above the company’s revised guidance of at least $4.67 in 2011. Our 2012 estimate is now $4.90 up from $4.50 on incrementally higher acetyl margins and our 2013 estimate is now $5.00, up from $4.60 for the same reason."
For more ratings news on Celanese click here and for the rating history of Celanese click here.
Shares of Celanese closed at $41.34 yesterday.
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