Celanese Corporation (NYSE: CE) has recently received a number of price target changes and ratings updates:

  • 8/9/2017 – Celanese Corporation had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $115.00 price target on the stock, up previously from $100.00.
  • 7/31/2017 – Celanese Corporation was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 7/25/2017 – Celanese Corporation had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $100.00 price target on the stock, up previously from $95.00.
  • 7/24/2017 – Celanese Corporation was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 7/19/2017 – Celanese Corporation had its price target raised by analysts at Nomura from $95.00 to $97.00. They now have a “neutral” rating on the stock.
  • 7/17/2017 – Celanese Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $111.00 price target on the stock. According to Zacks, “Celanese has outperformed the Zacks categorized 'Chemicals-Diversified' industry over a year. Celanese’s strategic measures including cost savings through productivity actions should lend support to its earnings in 2017. The company should also gain from capacity expansion and growth initiatives that include acquisitions. Moreover, Celanese remains focused on returning value to its shareholders.”
  • 7/10/2017 – Celanese Corporation was downgraded by analysts at Vertical Research from a “buy” rating to a “hold” rating. They now have a $103.00 price target on the stock, up previously from $101.00. They noted that the move was a valuation call. They noted that the move was a valuation call.
  • 7/6/2017 – Celanese Corporation was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 7/4/2017 – Celanese Corporation had its “sell” rating reaffirmed by analysts at Alembic Global Advisors.
  • 6/22/2017 – Celanese Corporation had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $95.00 price target on the stock, up previously from $90.00.
  • 6/20/2017 – Celanese Corporation had its “neutral” rating reaffirmed by analysts at J P Morgan Chase & Co. They now have a $97.00 price target on the stock, up previously from $90.00.
  • 6/20/2017 – Celanese Corporation had its “outperform” rating reaffirmed by analysts at Royal Bank Of Canada.

Shares of Celanese Corporation (CE) opened at 96.14 on Friday. The company has a market cap of $13.22 billion, a P/E ratio of 16.36 and a beta of 1.28. Celanese Corporation has a 52 week low of $60.59 and a 52 week high of $99.97. The firm’s 50-day moving average price is $96.28 and its 200 day moving average price is $90.57.

Celanese Corporation (NYSE:CE) last released its quarterly earnings data on Monday, July 24th. The basic materials company reported $1.79 earnings per share for the quarter, beating the consensus estimate of $1.76 by $0.03. Celanese Corporation had a return on equity of 31.23% and a net margin of 14.89%. The company had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.44 billion. During the same period in the prior year, the company posted $1.59 EPS. The company’s revenue was up 11.8% compared to the same quarter last year. On average, equities analysts predict that Celanese Corporation will post $7.33 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 7th. Stockholders of record on Friday, July 28th were paid a $0.46 dividend. The ex-dividend date was Wednesday, July 26th. This represents a $1.84 annualized dividend and a dividend yield of 1.91%. Celanese Corporation’s dividend payout ratio is currently 31.24%.

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

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