Brokerage Firm Rating Update on Celanese Corporation (CE)

Celanese Corporation (CE) has an average broker rating of 2, which is interpreted as a Buy, as rated by 9 equity analysts. Nonetheless, 5 analysts are positive on the stocks future and they recommend a Strong Buy on the stock. Nevertheless, the majority of 3 analysts consider that the stock is a Hold with neither a large upside nor a downside. Ranking by Zacks Investment Research for Coach Inc is 4, which is also a Sell. 1 considers that the stock is a Sell.

Celanese Corporation (CE) : Average target price received by Celanese Corporation (CE) is $75.13 with an expected standard deviation of $5.96. The most aggressive target on the stock is $83, whereas the most downbeat target is $65. 8 financial analysts are currently covering the stock.


Company shares have received an average consensus rating of Hold for the current week Also, Equity Analysts at the Brokerage Firm, Citigroup, maintains their rating on the shares of Celanese Corporation (NYSE:CE). Citigroup has a Buy rating on the shares. As per the latest research report, the brokerage house lowers the price target to $77 per share from a prior target of $81. The rating by the firm was issued on July 28, 2016.

Celanese Corporation (NYSE:CE): The stock opened at $63.52 and touched an intraday high of $64.53 on Wednesday. During the day, the stock corrected to an intraday low of $63.42, however, the bulls stepped in and pushed the price higher to close in the green at $64.38 with a gain of 0.03% for the day. The total traded volume for the day was 833,757. The stock had closed at $64.36 in the previous trading session.

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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