Celanese Corporation (CE) Receives Analyst Rating

Celanese Corporation (CE) has an average broker rating of 2, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

Celanese Corporation (CE) : The highest short term price target forecast on Celanese Corporation (CE) is $83 and the lowest target price is $65. A total of 8 equity analysts are currently covering the company. The average price of all the analysts is $75.13 with a standard deviation of $5.96.


Also, Equity Analysts at the Brokerage Firm, Citigroup, downgrades their rating on the shares of Celanese Corporation (NYSE:CE). Citigroup has a Neutral rating on the shares. Previously, the analysts had a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $71 per share from a prior target of $77. The rating by the firm was issued on September 7, 2016.

Celanese Corporation (NYSE:CE): After opening at $61.36, the stock dipped to an intraday low of $61.17 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $62.11 and the buying power remained strong till the end. The stock closed at $62.02 for the day, a gain of 0.96% for the day session. The total traded volume was 683,849. The stocks close on the previous trading day was $61.43.

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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *