Celanese Corp [CE] stock is trading at $69.20, up 1.39%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The CE shares have gain 1.53% over the last week, with a monthly amount drifted -7.73%, 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 [CE] stock has fluctuated between $66.73 and $172.16 over the past year. Currently, Wall Street analysts expect the stock to reach $121.5 within the next 12 months. Celanese Corp [NYSE: CE] shares were valued at $69.20 at the most recent close of the market. An investor can expect a potential return of 75.58% based on the average CE price forecast.
Analyzing the CE fundamentals
Celanese Corp [NYSE:CE] reported sales of 10.48B for the trailing twelve months, which represents a drop of -2.75%. 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. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.78.
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 68.36 points at the first support level, and at 67.51 for the second support level. However, for the 1st resistance point, the stock is sitting at 69.84, and for the 2nd resistance point, it is at 70.47.
Ratios To Look Out For
For context, Celanese Corp’s Current Ratio is 1.37. As well, the Quick Ratio is 0.76, while the Cash Ratio is 0.2. Considering the valuation of this stock, the price to sales ratio is 0.74, the price to book ratio is 1.04 and price to earnings (TTM) ratio is 6.95.
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.
