Analyst Rating Update on Celanese Corporation (CE)

Celanese Corporation (NYSE:CE) : The consensus on Celanese Corporation (NYSE:CE) based on 10 analyst recommendation on the company stock is 2.1, which is interpreted as a Buy recommendation. Zacks Investment Research has issued a rank of 3 which endorses a Hold on the stock. However, 5 brokers have a differing view as they consider the stock to be a Strong Buy at current levels. 4 experts consider that the stocks earnings and the quoted price is in harmony, hence, they give it a Hold rating. 1 analyst also believes that the downside risk to the stock is higher and suggests a Sell on Celanese Corporation (NYSE:CE).

Celanese Corporation (NYSE:CE) : The most positive equity analysts on Celanese Corporation (NYSE:CE) expects the shares to touch $82, whereas, the least positive believes that the stock will trade at $65 in the short term. The company is covered by 9 Wall Street Brokerage Firms. The average price target for shares are $76 with an expected fluctuation of $6.04 from the mean.

Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Cowen & Company, upgrades their rating on the shares of Celanese Corporation (NYSE:CE). Cowen & Company has a Outperform rating on the shares. Previously, the analysts had a Market Perform rating on the shares. The rating by the firm was issued on April 29, 2016.

Celanese Corporation (NYSE:CE): stock turned positive on Tuesday. Though the stock opened at $62.7, the bulls momentum made the stock top out at $62.915 level for the day. The stock recorded a low of $61.89 and closed the trading day at $62.64, in the green by 1.84%. The total traded volume for the day was 949,916. The stock had closed at $61.51 in the previous days trading.

In an insider trading activity,The director of Celanese Corp, Hoffmeister David F sold 8,300 shares at $64.05 on March 16, 2016. The Insider selling transaction had a total value worth of $531,615. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

Celanese Corporation is a technology and specialty materials company. The Companys business involves processing chemical raw materials, such as methanol, carbon monoxide and ethylene, and natural products, including wood pulp into chemicals, thermoplastic polymers and other chemical-based products. It has four business segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Advanced Engineering segment products include polyoxymethylene, ultra-high molecular weight polyethylene, polybutylene terephthalate, and liquid crystal polymers, among others. Consumer Specialties products include acetate tow, acetate flakes, acetate film and high intensity sweeteners, among others. Industrial Specialties products include conventional emulsions, vinyl acetate ethylene emulsions and ethylene vinyl acetate, among others. Acetyl Intermediates include acetic acid, vinyl acetate monomer, acetic anhydride and acetaldehyde, among others.

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