Celanese Corp. Ser -A- Reaches New 12-Month High at $53.92 (CE)
Celanese Corp. Ser -A- (NYSE:CE) set a new 52-week high during mid-day trading on Friday, American Banking & Market News reports. The stock traded as high as $53.92 and last traded at $53.85, with a volume of 616,807 shares. The stock had previously closed at $53.02.
Several analysts have recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Celanese Corp. Ser -A- (NYSE:CE) in a research note to investors on Wednesday, September 25th. Separately, 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. Finally, 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. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $53.40.
Celanese Corp. Ser -A- has a one year low of $34.96 and a one year high of $53.52. The stock’s 50-day moving average is $50.52 and its 200-day moving average is $47.84. The company has a market cap of $8.590 billion and a price-to-earnings ratio of 18.26.
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 last year, the company posted $1.47 earnings per share. Celanese Corp. Ser -A-’s revenue was down 1.3% compared to the same quarter last year. 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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