Currently, Celanese Corp [CE] is trading at $132.56, up 3.78%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The CE shares have gain 5.41% over the last week, with a monthly amount glided 0.45%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Celanese Corp [NYSE: CE] stock has seen the most recent analyst activity on September 05, 2024, when Piper Sandler downgraded its rating to a Neutral and also revised its price target to $150 from $180. Previously, JP Morgan upgraded its rating to Neutral on August 05, 2024, and dropped its price target to $130. On April 04, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $160 on the stock. Barclays downgraded its rating to a Equal Weight but stick to its price target of $170 on April 04, 2024. Piper Sandler upgraded its rating to a Overweight and raised its price target to $170 on February 26, 2024. Tudor Pickering Holt & Co. downgraded its rating to Sell for this stock on February 22, 2024, but kept the price target unchanged to $140. In a note dated January 22, 2024, Alembic Global Advisors downgraded an Neutral rating on this stock but restated the target price of $160.
This stock has fluctuated between a low of $110.76 and a high of $172.16 over the last 52 weeks. Currently, Wall Street analysts expect the stock to reach $161.61 within the next 12 months. Celanese Corp [NYSE: CE] shares were valued at $132.56 at the most recent close of the market. An investor can expect a potential return of 21.91% based on the average CE price forecast.
Analyzing the CE fundamentals
Trailing Twelve Months sales for Celanese Corp [NYSE:CE] were 10.55B which represents -5.15% decline. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.16%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.18%. To continue investigating profitability, this company’s Return on Assets is posted at 0.07, Equity is 0.28 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.83.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 130.08 points at the first support level, and at 127.59 for the second support level. However, for the 1st resistance point, the stock is sitting at 134.37, and for the 2nd resistance point, it is at 136.17.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Celanese Corp [NYSE:CE] is 1.28. Also, the Quick Ratio is 0.74, while the Cash Ratio stands at 0.26. Considering the valuation of this stock, the price to sales ratio is 1.37, the price to book ratio is 2.02 and price to earnings (TTM) ratio is 7.54.
Transactions by insiders
Recent insider trading involved Richardson Scott A, EVP & COO, that happened on Aug 19 ’24 when 4675.0 shares were sold. EVP & COO, Richardson Scott A completed a deal on Aug 20 ’24 to sell 4675.0 shares. Meanwhile, Officer Richardson Scott A bought 4675.0 shares on Aug 20 ’24.
