Stock To Watch: Celanese Corporation (NYSE:CE)


The leading market experts have placed a mean price target of $76.25 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 $1.69 a share for the upcoming quarter and $6.58 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 $69.34, and stock is hovering -3.29 or -4.75% distant from $69.34. It is noted that the 200-day MA is $65.94, and Celanese Corporation Celanese C stock is $0.11 or +0.17% off from this point. Celanese Corporation (NYSE:CE) 52-week high is $74.55 and the 52-week low is $54.35. This explains if the stock moves $-8.50, it will post a 52-week high. In event of $+21.53% points 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 30.58. The stock last ended the trading session at $66.05 and registered a market cap of $9.74B. 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 1.06.

1 Chart Pattern Every Investor Should Know

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