Goldman Sachs lowered the price target on TAL Education Group (NYSE: TAL) from $53 to $5.6. TAL Education shares fell 22.3% to $4.66 in pre-market trading.
Over the past three months, shares of Celanese (NYSE:CE) moved lower by 6.15%. Before having a look at the importance of debt, let us look at how much debt Celanese has.
A value stock is traditionally defined in terms of how investors in the marketplace are valuing that company's future growth prospects. Low P/E multiples are good base indicators that the company is undervalued and can most likely be labelled as a value stock.
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it has acquired certain technology relating to the production of polyacetal (POM) products from Grupa Azoty S.A. of Tarnow, Poland, after its decision to discontinue its POM manufacturing.