Celanese Corp. Ser -A- Hits New 52-Week High at $51.76 (CE)
Shares of Celanese Corp. Ser -A- (NYSE:CE) hit a new 52-week high during trading on Wednesday, AnalystRatingsNetwork.com reports. The stock traded as high as $51.76 and last traded at $51.60, with a volume of 978,117 shares trading hands. The stock had previously closed at $50.04.
Several analysts have recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Celanese Corp. Ser -A- (NYSE:CE) in a research note to investors on Thursday, September 12th. They now have a $52.00 price target on the stock. Separately, analysts at Barclays Capital cut their price target on shares of Celanese Corp. Ser -A- (NYSE:CE) from $59.00 to $57.00 in a research note to investors on Wednesday, July 24th. They now have an “overweight” rating on the stock.
Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $53.40.
Celanese Corp. Ser -A- has a one year low of $34.96 and a one year high of $51.76. The stock has a 50-day moving average of $49.44 and a 200-day moving average of $47.43. The company has a market cap of $8.236 billion and a P/E ratio of 17.23.
Celanese Corp. Ser -A- (NYSE:CE) last posted its quarterly earnings results on Thursday, July 18th. The company reported $1.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.16 by $0.04. The company had revenue of $1.65 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.47 earnings per share. The company’s revenue for the quarter was down 1.3% on a year-over-year basis. Analysts expect that Celanese Corp. Ser -A- will post $4.47 EPS for the current fiscal year.
Celanese Corporation manufactures chemical products. The Company’s portfolio consists of five main businesses: Acetyl Products, Chemical Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products.
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