While Celanese Corp has overperformed by 0.39%, investors are advised to look at stock chart patterns for technical insight. Within its last year performance, CE rose by 10.87%, with highs and lows ranging from $172.16 to $110.76, whereas the simple moving average fell by -6.32% in the last 200 days.
On October 07, 2024, KeyBanc Capital Markets Downgraded Celanese Corp (NYSE: CE) to Sector Weight. A report published by Piper Sandler on September 05, 2024, Downgraded its rating to ‘Neutral’ for CE. JP Morgan also Upgraded CE shares as ‘Neutral’, setting a target price of $130 on the company’s shares in a report dated August 05, 2024. JP Morgan April 04, 2024d the rating to Underweight on April 04, 2024, and set its price target from $135 to $160. Barclays April 04, 2024d its ‘Overweight’ rating to ‘Equal Weight’ for CE, as published in its report on April 04, 2024. Piper Sandler’s report from February 26, 2024 suggests a price prediction of $170 for CE shares, giving the stock a ‘Overweight’ rating. Tudor Pickering Holt & Co. also rated the stock as ‘Sell’.
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Analysis of Celanese Corp (CE)
The current dividend for CE investors is set at $2.80 per share, indicating investors will get a return regardless of how the company performs over the next quarter. Further, the quarter-over-quarter decrease in sales is -5.15%, showing a negative trend in the upcoming months.
There are several well-rounded types of analysis and research techniques that can be used to gain a clear view of Celanese Corp’s future performance, with equity being one of the most critical indicators. The goal here is to ensure that your current return on equity of 30.23% is sufficient for you to turn a profit off your investment. Taking into account the quick ratio of the company, currently set at 0.74, you can see that the company can cover any debts it may have, which can easily be seen in the annual report of the company.
As an indicator of volatility for any stock, average volume can also be very valuable, and CE is recording an average volume of 906.89K. On a monthly basis, the volatility of the stock is set at 2.52%, whereas on a weekly basis, it is put at 1.91%, with a gain of 0.47% over the past seven days. Furthermore, long-term investors anticipate a median target price of $145.26, showing growth from the present price of $135.49, which can serve as yet another indication of whether CE is worth investing in or should be passed over.
How Do You Analyze Celanese Corp Shares?
Celanese Corp (CE) is based in the USA and is one of the most prominent companies operating in the Chemicals market. When comparing Celanese Corp shares with other companies under Basic Materials, the P/E value is an influential factor to note. This is because it represents an indication of the future growth of the company in terms of investors’ expectations. Ultimately, the value of the latter should demonstrate steady, rapid growth, which is an accurate measure of the company’s progress. In addition to the value of 7.71, there is a growth in quarterly earnings of -29.70%.
Apart from looking at the fundamentals, you should also pay attention to the number of company employees who own shares. This is because the values should be in line with investors’ expectations. As such, the current holdings of company stock inside the company are set at 0.43%. This can enable you to see the extent to which executives own the company’s stock. As opposed to executive stock, institutional ownership accounts for 103.31% of the company’s shares, contributing to an indication of company value, since large shareholders may signify strength within the organization.
CE shares are owned by institutional investors to the tune of 103.31% at present.
