Celanese Corporation (NYSE:CE) has a mean price target of $74.47 by market experts. Market leading group First Call has reached this recommendation by considering recommendations of top analysts in the industry. These experts have specified earnings of $1.52 a share for the very next quarter and $6.54 for this year.
The technical study of Celanese Corporation Celanese C demonstrates that the 50-day moving average of Celanese Corporation (NYSE:CE) stock is $64.78, and is trading $-3.48 points away or -5.38% from 50-day moving average of $64.78. It is trading $-6.00 or -8.92% away 200-day moving average of $67.30.
The 52-week high of Celanese Corporation (NYSE:CE) was $74.55 while $55.07 is the low mark in the same period. It state Celanese Corporation Celanese C share price has to surge more than $-13.25 to hit 52-week high or drop +11.31% to make a 52-week mark. MA here hints at moving average.
Taking the valuation part to reach the estimation of Celanese Corporation Celanese C, investors apply price-to-earnings ratio, which is shortened as P/E ratio. It weighs equity price by the relative expense of the equity. Celanese Corporation (NYSE:CE) ratio came in at 26.62, after dividing current equity price by yearly earnings. Celanese Corporation Celanese C stock recorded a close of $61.30 in last trading session, registering a market cap of $8.87B.
The price-earnings ratio can be seen as a means of regulating the value of per dollar of earnings through the stock market. In concept, by taking the average of P/E over a period of numerous years, one could frame something of a uniform P/E ratio, which can then be understood as a benchmark and utilized to indicate whether or not a share is worth buying.
Investors estimate the Price-to-Earnings-Growth ratio to catch up with a clear view on the firm valuation. For stocks with higher PEG ratio, they are considered as sell option. The undervalued equity displays PEG ratio of 0 or 1. On contrary, the fairly valued equity has ratio of 1 and 2. Celanese Corporation (NYSE:CE) PEG ratio is at 1.07.
1 Chart Pattern Every Investor Should Know
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