Deutsche Bank Upgrades Celanese Stock: Analyst Highlights Strong Leverage, Long-Term Growth
Deutsche Bank Upgrades Celanese Stock: Analyst Highlights Strong Leverage, Long-Term Growth
For Begleiter, the shortfalls were due to weak demand in automotive, industrial and construction markets, which impacted many chemical companies this earnings season.Deutsche Bank analyst David Begleiter upgraded Celanese Corporation (NYSE:CE) to Buy from Hold, lowering the price forecast to $110 from $135.
德意志銀行分析師大衛·貝格萊特將Celanese Corporation (紐交所:CE) 的評級從持有調升至買入，將價格預測從$135降至$110。
Celanese reported third-quarter adjusted earnings per share of $2.44, missing analyst estimates of $2.85. The company reported sales of $2.65 billion, missing analyst estimates of $2.7 billion, according to Benzinga Pro.
Celanese報告第三季度調整後每股收益爲$2.44，低於分析師預期的$2.85。該公司的銷售額爲$26.5億，低於分析師預期的$27億，據Benzinga Pro報道。
The analyst wasn't surprised by Celanese missing third-quarter earnings and lowering fourth-quarter guidance.
分析師對Celanese第三季度盈利不及預期及下調第四季度指引並不感到意外。
For Begleiter, the shortfalls were due to weak demand in automotive, industrial and construction markets, which impacted many chemical companies this earnings season.
在貝格萊特看來，這些差距是由於汽車，工業和建築市場需求疲軟，這在本季度影響了許多化工公司。
Particularly, the 57% fourth-quarter guidance shortfall surprised the analyst, but it was mainly due to temporary facility shutdowns to cut costs and reduce inventory.
具體而言，第四季度指引差距達到57%，令分析師感到驚訝，但這主要是由於暫時的設施關閉以降低成本和減少庫存造成的。
Also Read: Super Micro Analysts Need More Clarity On Auditor Resignation, Await 10-K Filing: 'Management Did Not Address These Topics'
也閱讀：超微分析師需要更多關於核數師辭職的解釋，等待10-k提交：管理層未解釋這些話題。
Celanese likely misjudged the auto market, overproducing in the third quarter and creating excess inventory.
Celanese可能誤判了汽車市場，導致第三季度過度生產和過剩庫存。
Begleiter added this won't affect the company's long-term earnings potential.
貝格萊特補充道，這不會影響公司的長期盈利潛力。
The analyst noted the 95% dividend cut should have happened two years ago when Celanese acquired DuPont's Mobility & Materials business for $11 billion.
分析師指出，賽賽尼斯(Celanese)收購杜邦的移動與材料業務110億美元后，應該在兩年前就發生了95%的股利削減。
Now, two years post-acquisition, Celanese is 5x leveraged (4.9x net debt to LTM EBITDA), leaving little margin for error.
如今，收購後的兩年，賽賽尼斯的槓桿倍數爲5倍（淨債務與上年同期營業利潤稅前折舊攤銷前淨債務比率爲4.9倍），容錯空間很小。
The analyst suggested Celanese has strong operating leverage for a recovery, forecasting its EPS will rise from $10.50 in 2025 to over $14.50 by 2026, driven by factors such as interest rate cuts in Western countries, fiscal and monetary stimulus in China and several years of low industrial activity.
分析師建議賽賽尼斯具有強大的經營槓桿以實現復甦，預測其每股收益將從2025年的10.50美元上升到2026年的14.50美元以上，受到西方國家的利率下調、中國的財政和貨幣刺激以及多年低工業活動的推動。
CE Price Action: Celanese shares are trading higher by 1.03% to $91.94 at publication Wednesday.
賽賽尼斯股票價格走勢：週三發佈時，賽賽尼斯的股價上漲1.03%，報91.94美元。
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譯文內容由第三人軟體翻譯。
