Analyst Rating Update on Celanese Corporation (CE)

Celanese Corporation (CE) : Zacks Investment Research ranks Celanese Corporation (CE) as 3, which is a Hold recommendation. 5 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. Not everyone is convinced about the stocks future, hence, the stock receives 1 Sell recommendation. A total of 4 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.1, which indicates as a Buy.

Celanese Corporation (CE) : The consensus price target for Celanese Corporation (CE) is $74.56 for the short term with a standard deviation of $5.83. The most optimist securities analyst among the 9 who monitor the stock believes that the stock can reach $83, however, the pessimist price target for the company is $65.

Company shares have received an average consensus rating of Hold for the current week


Celanese Corporation (NYSE:CE): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $62.37 and $62.37 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $63.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $63.74, notching a gain of 2.03% for the day. The total traded volume was 1,009,545 . The stock had closed at $62.47 on the previous day.

Celanese Corporation is a technology and specialty materials company. The Companys business involves processing chemical raw materials, such as methanol, carbon monoxide and ethylene, and natural products, including wood pulp into chemicals, thermoplastic polymers and other chemical-based products. It has four business segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Advanced Engineering segment products include polyoxymethylene, ultra-high molecular weight polyethylene, polybutylene terephthalate, and liquid crystal polymers, among others. Consumer Specialties products include acetate tow, acetate flakes, acetate film and high intensity sweeteners, among others. Industrial Specialties products include conventional emulsions, vinyl acetate ethylene emulsions and ethylene vinyl acetate, among others. Acetyl Intermediates include acetic acid, vinyl acetate monomer, acetic anhydride and acetaldehyde, among others.

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