A share price of Celanese Corp [CE] is currently trading at $75.00, up 2.88%. An important factor to consider is whether the stock is rising or falling in short-term value. The CE shares have gain 1.43% over the last week, with a monthly amount drifted -41.83%, and not 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 November 11, 2024, when UBS downgraded its rating to a Neutral and also revised its price target to $97 from $161. Previously, BMO Capital Markets downgraded its rating to Underperform on November 11, 2024, and dropped its price target to $76. On November 08, 2024, downgrade downgraded it’s rating to Underweight and revised its price target to $98 on the stock. Deutsche Bank upgraded its rating to a Buy and decreased its price target to $110 on November 06, 2024. Wells Fargo downgraded its rating to a Equal Weight and reduced its price target to $115 on November 05, 2024. Vertical Research downgraded its rating to Sell for this stock on October 29, 2024, but kept the price target unchanged to $130. In a note dated October 07, 2024, KeyBanc Capital Markets downgraded an Sector Weight rating on this stock.
Celanese Corp experienced fluctuations in its stock price throughout the past year between $71.38 and $172.16. Currently, Wall Street analysts expect the stock to reach $141.16 within the next 12 months. Celanese Corp [NYSE: CE] shares were valued at $75.00 at the most recent close of the market. An investor can expect a potential return of 88.21% based on the average CE price forecast.
Analyzing the CE fundamentals
Trailing Twelve Months sales for Celanese Corp [NYSE:CE] were 10.48B which represents -2.75% decline. Gross Profit Margin for this corporation currently stands at 0.23% with Operating Profit Margin at 0.1%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.1%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.15 and Total Capital is 0.05. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 1.78.
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 72.83 points at the first support level, and at 70.67 for the second support level. However, for the 1st resistance point, the stock is sitting at 76.67, and for the 2nd resistance point, it is at 78.34.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Celanese Corp [NYSE:CE] is 1.37. On the other hand, the Quick Ratio is 0.76, and the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.78, the price to book ratio is 1.13 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.
