A share price of Celanese Corp [CE] is currently trading at $72.61, up 0.99%. 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 11.69% over the last week, with a monthly amount glided 6.53%, and seem to be holding up well over a long-time horizon.
From an analyst’s perspective:
Celanese Corp [NYSE: CE] stock has seen the most recent analyst activity on January 14, 2025, when BofA Securities upgraded its rating to a Buy and also revised its price target to $88 from $95. Previously, UBS downgraded its rating to Neutral on November 11, 2024, and dropped its price target to $97. On November 11, 2024, downgrade downgraded it’s rating to Underperform and revised its price target to $76 on the stock. Piper Sandler downgraded its rating to a Underweight and decreased its price target to $98 on November 08, 2024. Deutsche Bank upgraded its rating to a Buy and reduced its price target to $110 on November 06, 2024. Wells Fargo downgraded its rating to Equal Weight for this stock on November 05, 2024, and downed its price target to $115. In a note dated October 29, 2024, Vertical Research downgraded an Sell rating on this stock but restated the target price of $130.
Celanese Corp experienced fluctuations in its stock price throughout the past year between $64.05 and $172.16. Currently, Wall Street analysts expect the stock to reach $112.3 within the next 12 months. Celanese Corp [NYSE: CE] shares were valued at $72.61 at the most recent close of the market. An investor can expect a potential return of 54.66% 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 1.82.
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 71.84 points at the first support level, and at 71.08 for the second support level. However, for the 1st resistance point, the stock is sitting at 73.07, and for the 2nd resistance point, it is at 73.54.
Ratios To Look Out For
To put it in perspective, the Current Ratio for Celanese Corp [NYSE:CE] 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 0.76, the price to book ratio is 1.09 and price to earnings (TTM) ratio is 7.30.
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.
