Celanese Corporation (CE) : Analyst Rating Update

Celanese Corporation (CE) : 5 brokerage houses believe that Celanese Corporation (CE) is a Strong Buy at current levels. 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on Celanese Corporation (CE). Zacks Investment Research suggests a Hold with a rank of 3. 1 analysts perceive the stock to be overvalued at the existing levels, hence their call is to Sell the stock.The median of all the 9 Wall Street Analysts endorse the stock as a Buy with a rating of 2.

Celanese Corporation (CE) : Currently there are 9 street experts covering Celanese Corporation (CE) stock. The most bullish and bearish price target for the stock is $82 and $65 respectively for the short term. The average price target of all the analysts comes to $76. The estimated standard deviation from the target is $6.04.

Celanese Corporation (NYSE:CE): The stock was completely flat for the day, closing at $64.72 on Wednesday. The flat closing masks the intraday volatility in the stock. After opening at $64.27, the stock touched an intraday high of $65.02 and a low of $63.57. Neither the bulls nor the bears asserted their supremacy at close, due to which the stock closed completely flat. The stock previously closed at $64.72. The total trading volume on Wednesday was 924,922.

Also, Susquehanna initiates coverage on Celanese Corporation (NYSE:CE). The current rating of the shares is Positive, according to the research report released by the firm. The rating by the firm was issued on July 1, 2016. The company shares have dropped -5.05% from its 1 Year high price. On Apr 19, 2016, the shares registered one year high at $74.55 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $69.14 and the 200 Day Moving Average price is recorded at $65.92.

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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