A share price of Celanese Corp [CE] is currently trading at $133.77, down -1.39%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The CE shares have gain 3.39% over the last week, with a monthly amount glided 8.05%, 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 October 07, 2024, when KeyBanc Capital Markets downgraded its rating to a Sector Weight. Previously, Piper Sandler downgraded its rating to Neutral on September 05, 2024, and dropped its price target to $150. On August 05, 2024, upgrade upgraded it’s rating to Neutral and revised its price target to $130 on the stock. JP Morgan downgraded its rating to a Underweight and increased its price target to $160 on April 04, 2024. Barclays downgraded its rating to a Equal Weight but $170 remained the price target by the analyst firm on April 04, 2024. Piper Sandler upgraded its rating to Overweight for this stock on February 26, 2024, and upped its price target to $170. In a note dated February 22, 2024, Tudor Pickering Holt & Co. downgraded an Sell rating on this stock but restated the target price of $140.
Celanese Corp experienced fluctuations in its stock price throughout the past year between $110.76 and $172.16. Currently, Wall Street analysts expect the stock to reach $161.61 within the next 12 months. Celanese Corp [NYSE: CE] shares were valued at $133.77 at the most recent close of the market. An investor can expect a potential return of 20.81% 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.83.
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 132.75 points at the first support level, and at 131.73 for the second support level. However, for the 1st resistance point, the stock is sitting at 135.54, and for the 2nd resistance point, it is at 137.31.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Celanese Corp [NYSE:CE] is 1.28. Further, the Quick Ratio stands at 0.74, while the Cash Ratio is 0.26. Considering the valuation of this stock, the price to sales ratio is 1.38, the price to book ratio is 2.04 and price to earnings (TTM) ratio is 7.61.
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.
