Stock To Watch: Celanese Corporation (NYSE:CE)


The leading market experts have placed a mean price target of $75.13 on Celanese Corporation (NYSE:CE) stock. This price level, which is estimated to be attained in one-year, indicates the mean of stock opinions given by the companies included in the First Call survey. The renowned research firms have predicted earnings of $1.50 a share for the upcoming quarter and $6.55 for the current fiscal.

Technical View

The technical analysis of Celanese Corporation Celanese C plainly substantiates that the 50-day moving average of Celanese Corporation Celanese C is $66.32, and stock is trading $-0.59 points away or -0.89% from its 50-day moving average of $66.32. Further it is trading $-0.68 or -1.03% away its 200-day moving average of $66.41. Celanese Corporation (NYSE:CE) 52-week high is $74.55 and the 52-week low is $54.35.

This explains if the stock moves $-8.82, it will post a 52-week high. In event of +20.94% decline, a 52-week low will be hit.

Taking the valuation aspect to emphasize the valuation of Celanese Corporation Celanese C, shareholders can apply financial tool known as price-to-earnings ratio. This financial ratio assesses stock’s valuation by considering the relative expense of the stock. Following this ratio, Celanese Corporation (NYSE:CE) ratio came in at 28.54.

The stock last ended the trading session at $65.73 and registered a market cap of $9.51B. To appraise firm’s growth, the shareholders take help of the Price-to-Earnings-Growth ratio. When a stock has a higher PEG ratio, it is suggestive of lower stock appreciation in approaching sessions. A stock comes in the group of undervalued stocks when its PEG ratio falls in between 0 and 1. Celanese Corporation (NYSE:CE) PEG ratio is at 1.15.

1 Chart Pattern Every Investor Should Know

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