Celanese Corp. Ser -A- Stock Rating Reaffirmed by Deutsche Bank (CE)
Celanese Corp. Ser -A- (NYSE:CE)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank in a report released on Tuesday, Analyst Ratings Net reports. They currently have a $68.00 price objective on the stock, up from their previous price objective of $60.00. Deutsche Bank’s target price would indicate a potential upside of 13.16% from the stock’s previous close.
Shares of Celanese Corp. Ser -A- (NYSE:CE) traded down 0.83% during mid-day trading on Tuesday, hitting $59.59. The stock had a trading volume of 1,029,669 shares. Celanese Corp. Ser -A- has a 52 week low of $43.57 and a 52 week high of $61.82. The stock has a 50-day moving average of $55.08 and a 200-day moving average of $54.63. The company has a market cap of $9.352 billion and a P/E ratio of 8.70.
Celanese Corp. Ser -A- (NYSE:CE) last released its earnings data on Monday, April 21st. The company reported $1.33 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.21 by $0.12. The company had revenue of $1.71 billion for the quarter, compared to the consensus estimate of $1.69 billion. During the same quarter last year, the company posted $1.14 earnings per share. Celanese Corp. Ser -A-‘s revenue was up 6.2% compared to the same quarter last year. Analysts expect that Celanese Corp. Ser -A- will post $4.96 EPS for the current fiscal year.
Separately, analysts at Zacks reiterated a “neutral” rating on shares of Celanese Corp. Ser -A- in a research note on Monday, February 17th. They now have a $56.00 price target on the stock. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $61.57.
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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