Impact of Brokerage Rating on Celanese Corporation(CE)

Many Celanese Corporation(CE) Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock. Celanese Corporation was Upgraded by Citigroup to Buy on Feb 2, 2017. Company shares were Upgraded by RBC Capital Mkts on Dec 13, 2016 to Outperform, Raises Price Target to $ 100 from a previous price target of $76 .Company shares were Reiterated by Cowen on Dec 1, 2016 to Outperform, Raises Price Target to $ 88 from a previous price target of $80 .Celanese Corporation was Upgraded by Goldman to Buy on Nov 30, 2016.

Company has reported several Insider transactions to the SEC, on Nov 9, 2016, Lori A Johnston (EVP & CAO) sold 83,829 shares at 72.30 per share price.On Oct 26, 2016, Gjon N Jr Nivica (SVP and General Counsel) sold 25,000 shares at 71.36 per share price.On Mar 17, 2016, David F Hoffmeister (director) sold 8,300 shares at 64.05 per share price.

Celanese Corporation Last issued its quarterly earnings results on Feb 1, 2017. The company reported $1.52 EPS for the quarter, beating the analyst consensus estimate by $ 0.01. Analyst had a consensus of $1.51. The company had revenue of $1311.00 million for the quarter, compared to analysts expectations of $1290.89 million. The companys revenue was down -1.7 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Celanese Corporation (NYSE:CE) has received a short term rating of buy from experts at Zacks with a rank of 2. The stock has been rated an average of 1.92 by 12 Brokerage Firm. 6 Wall Street Firms have rated the stock as a strong buys. 1 stock experts have also suggested a buy rating. 5 Brokerage Firms have advised hold.

Celanese Corporation (NYSE:CE): The stock price is expected to reach $ 91.4 in the short term. The number of analysts agreeing with this consensus is 10. The higher estimate for the short term price target is at $101 while the lower estimate is at $77. The standard deviation of the price stands at $8.33.

Celanese Corporation (NYSE:CE) witnessed a decline in the market cap on Tuesday as its shares dropped 0.05% or 0.04 points. After the session commenced at $87.74, the stock reached the higher end at $88.48 while it hit a low of $87.57. With the volume soaring to 1,026,234 shares, the last trade was called at $88.38. The company has a 52-week high of $88.915. The company has a market cap of $12,455 million and there are 140,926,580 shares in outstanding. The 52-week low of the share price is $57.31.

Celanese is an integrated global producer of value-added industrial chemicals. They are the worlds largest producer of acetyl products, including acetic acid, vinyl acetate monomer and polyacetals and a leading global producer of high-performance engineered polymers used in consumer and industrial products and designed to meet highly technical customer requirements. Their operations are located in North America, Europe and Asia, including substantial joint ventures in China.

Celanese

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