Celanese Corp [NYSE: CE] stock went on a downward path that fall over -21.46% on Wednesday, amounting to a one-week price decrease of less than -17.81%.
Over the last 12 months, CE stock dropped by -63.90%. The one-year Celanese Corp stock forecast points to a potential upside of 29.44. The average equity rating for CE stock is currently 2.82, trading closer to a bullish pattern in the stock market.
The market cap for the stock reached $6.00 billion, with 109.31 million shares outstanding and 108.80 million shares in the current float. Compared to the average trading volume of 2.52M shares, CE stock reached a trading volume of 13064508 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Guru’s Opinion on Celanese Corp [CE]:
Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for CE shares is $77.82 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 2.82. 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.
BofA Securities have made an estimate for Celanese Corp shares, keeping their opinion on the stock as Buy, with their previous recommendation back on January 14, 2025. While these analysts kept the previous recommendation, UBS raised their target price from $161 to $97. The new note on the price target was released on November 11, 2024, representing the official price target for Celanese Corp stock. Previously, the target price had yet another drop from $138 to $76, while BMO Capital Markets kept a Underperform rating on CE stock. On November 08, 2024, analysts decreased their price target for CE shares from 150 to 98.
The Average True Range (ATR) for Celanese Corp is set at 3.44, with the Price to Sales ratio for CE stock in the period of the last 12 months amounting to 0.58. The Price to Book ratio for the last quarter was 0.82, with the Price to Cash per share for the same quarter was set at 8.80. Price to Free Cash Flow for CE in the course of the last twelve months was 7.11 with Quick ratio for the last quarter at 0.74.
CE Stock Performance Analysis:
Celanese Corp [CE] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -17.81. With this latest performance, CE shares dropped by -24.38% in over the last four-week period, additionally sinking by -57.45% over the last 6 months – not to mention a drop of -63.90% 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 26.51, with the RSI for the last a single of trading hit 22.49, and the three-weeks RSI is set at 29.11 for Celanese Corp [CE]. The present Moving Average for the last 50 days of trading for this stock 69.03, while it was recorded at 64.92 for the last single week of trading, and 113.73 for the last 200 days.
Insight into Celanese Corp Fundamentals:
Celanese Corp’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.74 and a Current Ratio set at 1.34.
CE Stock EPS
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 Corp go to 8.82%.
Celanese Corp [CE] Institutonal Ownership Details
The top three institutional holders of CE stocks are: CAPITAL RESEARCH GLOBAL INVESTORS with ownership of 15.29 million shares, which is approximately 13.991%. VANGUARD GROUP INC, holding 13.01 million shares of the stock with an approximate value of $$1.76 billion in CE stocks shares; and VANGUARD GROUP INC, currently with $$1.5 billion in CE stock with ownership which is approximately 10.1853%.
