Celanese Reports Continued Growth to Close 2017; Raising FVE to $67 on Increased Near-Term Outlook
Celanese reported solid fourth-quarter results as higher prices in the acetyl chain business drove operating profit growth nearly 22% year on year to $1.6 billion during the quarter. We’ve raised our fair value estimate to $67 per share from $66 as we increased our near-term profit outlook for the company. Our narrow-moat rating is unchanged.During the quarter, Celanese benefited from higher methanol prices, as capacity shutdowns in China led to a tighter market in Asia. The Chinese capacity de...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.