Celanese (NYSE:CE) had its target price boosted by KeyCorp from $128.00 to $131.00 in a research report sent to investors on Wednesday, March 21st. The firm currently has an overweight rating on the basic materials company’s stock. KeyCorp also issued estimates for Celanese’s FY2018 earnings at $8.65 EPS and FY2019 earnings at $9.40 EPS.
A number of other research analysts have also recently commented on CE. Jefferies Group reissued a buy rating and issued a $130.00 target price on shares of Celanese in a research note on Monday, January 29th. UBS increased their target price on Celanese from $107.00 to $113.00 and gave the company a neutral rating in a research note on Friday, January 26th. SunTrust Banks reissued a buy rating on shares of Celanese in a research note on Wednesday, January 17th. Zacks Investment Research raised Celanese from a hold rating to a buy rating and set a $124.00 price objective on the stock in a research note on Tuesday, January 23rd. Finally, Robert W. Baird reaffirmed a buy rating and set a $130.00 price objective on shares of Celanese in a research note on Monday, January 29th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $115.69.
Shares of CE stock traded up $1.31 on Wednesday, reaching $104.37. The company’s stock had a trading volume of 746,121 shares, compared to its average volume of 760,262. The company has a debt-to-equity ratio of 1.00, a quick ratio of 1.21 and a current ratio of 1.79. Celanese has a 12-month low of $83.34 and a 12-month high of $114.00. The company has a market capitalization of $14,182.01, a PE ratio of 13.90, a price-to-earnings-growth ratio of 1.36 and a beta of 1.33.
Celanese (NYSE:CE) last issued its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a return on equity of 32.96% and a net margin of 13.73%. The firm’s revenue was up 21.5% compared to the same quarter last year. During the same quarter last year, the business posted $1.52 earnings per share. sell-side analysts forecast that Celanese will post 8.59 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the business. First PREMIER Bank lifted its holdings in shares of Celanese by 900.0% during the fourth quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock valued at $107,000 after purchasing an additional 900 shares during the last quarter. Cerebellum GP LLC purchased a new position in shares of Celanese during the fourth quarter valued at approximately $129,000. Compagnie Lombard Odier SCmA purchased a new position in shares of Celanese during the fourth quarter valued at approximately $160,000. Lido Advisors LLC purchased a new position in shares of Celanese during the fourth quarter valued at approximately $200,000. Finally, Wellington Shields & Co. LLC purchased a new position in shares of Celanese during the fourth quarter valued at approximately $203,000. Institutional investors and hedge funds own 95.79% of the company’s stock.
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Celanese Company Profile
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.
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