Wednesday, September 23, 2020

Celanese Corporation [CE] Is Currently -2.29 below its 200 Period Moving Avg: What Dose This Mean?

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Celanese Corporation [NYSE: CE] closed the trading session at $103.74 on 09/03/20. The day’s price range saw the stock hit a low of $102.55, while the highest price level was $107.10.

The stocks have a year to date performance of -15.74 percent and weekly performance of 0.75 percent. The stock has been moved at 12.46 percent over the last six months. The stock has performed 4.53 percent around the most recent 30 days and changed 6.16 percent over the most recent 3-months.

If compared to the average trading volume of 845.82K shares, CE reached to a volume of 1037680 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Celanese Corporation [CE]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CE shares is $109.05 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on CE stock is a recommendation set at 2.20. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Wells Fargo have made an estimate for Celanese Corporation shares, keeping their opinion on the stock as Overweight, with their previous recommendation back on July 31, 2020. The new note on the price target was released on July 30, 2020, representing the official price target for Celanese Corporation stock. Previously, the target price had yet another raise to $110, while Alembic Global Advisors analysts kept a Overweight rating on CE stock. On May 29, 2020, analysts increased their price target for CE shares from 90 to 100.

The Average True Range (ATR) for Celanese Corporation is set at 2.80, with the Price to Sales ratio for CE stock in the period of the last 12 months amounting to 2.14. The Price to Book ratio for the last quarter was 4.94, with the Price to Cash per share for the same quarter was set at 4.91. Price to Free Cash Flow for CE in the course of the last twelve months was 19.36 with Quick ratio for the last quarter at 0.70.

CE stock trade performance evaluation

Celanese Corporation [CE] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.75. With this latest performance, CE shares gained by 4.53% in over the last four-week period, additionally plugging by 12.46% over the last 6 months – not to mention a drop of -11.81% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for CE stock in for the last two-week period is set at 60.25, with the RSI for the last a single of trading hit 56.59, and the three-weeks RSI is set at 59.22 for Celanese Corporation [CE]. The present Moving Average for the last 50 days of trading for this stock 95.56, while it was recorded at 104.03 for the last single week of trading, and 97.08 for the last 200 days.

Celanese Corporation [CE]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Celanese Corporation [CE] shares currently have an operating margin of +16.36 and a Gross Margin at +25.09. Celanese Corporation’s Net Margin is presently recorded at +13.63.

Return on Total Capital for CE is now 14.80, given the latest momentum, and Return on Invested Capital for the company is 14.24. Return on Equity for this stock inclined to 31.25, with Return on Assets sitting at 9.13. When it comes to the capital structure of this company, Celanese Corporation [CE] has a Total Debt to Total Equity ratio set at 164.14. Additionally, CE Total Debt to Total Capital is recorded at 62.14, with Total Debt to Total Assets ending up at 43.43. Long-Term Debt to Equity for the company is recorded at 143.20, with the Long-Term Debt to Total Capital now at 54.21.

Reflecting on the efficiency of the workforce at the company, Celanese Corporation [CE] managed to generate an average of $111,226 per employee. Receivables Turnover for the company is 5.04 with a Total Asset Turnover recorded at a value of 0.67.Celanese Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 1.20.

Earnings per share (EPS) analysis for Celanese Corporation [CE] stock

With the latest financial reports released by the company, Celanese Corporation posted 2.53/share EPS, while the average EPS was predicted by analysts to be reported at 2.51/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 0.80%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for CE. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Celanese Corporation go to 1.70%.

Celanese Corporation [CE]: Insider Ownership positions

There are presently around $12,027 million, or 99.05% of CE stock, in the hands of institutional investors. The top three institutional holders of CE stocks are: VANGUARD GROUP INC with ownership of 14,423,077, which is approximately 4.054% of the company’s market cap and around 0.20% of the total institutional ownership; DODGE & COX, holding 10,920,117 shares of the stock with an approximate value of $1.13 billion in CE stocks shares; and WELLINGTON MANAGEMENT GROUP LLP, currently with $1.09 billion in CE stock with ownership of nearly 8.469% of the company’s market capitalization.

Positions in Celanese Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 222 institutional holders increased their position in Celanese Corporation [NYSE:CE] by around 9,106,700 shares. Additionally, 299 investors decreased positions by around 6,281,536 shares, while 67 investors held positions by with 100,548,741 shares. The mentioned changes placed institutional holdings at 115,936,977 shares, according to the latest SEC report filing. CE stock had 65 new institutional investments in for a total of 1,835,281 shares, while 75 institutional investors sold positions of 864,163 shares during the same period.

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