Celanese Corporation (NYSE:CE) has been downgraded to Sell in a statement by Zacks Investment Research earlier today.
- Updated: September 17, 2016
Displaying a price of $65.70, Celanese Corporation (NYSE:CE) traded 1.16% lower on the day. The last stock close is down 8.92% relative to the 200-day moving average, compared with the S&P 500 Index which has fallen -0.01% over the same time period. CE has logged a 50-day average of $64.78 and 200-day moving average of $67.30. Volume of trade was was up over the average, with 987,791 shares of CE changing hands over the typical 941,614 shares.
Zacks Investment Research has downgraded Celanese Corporation(NYSE:CE) to Sell in a statement released 8/19/2016.
Previously on 7/15/2016, Citigroup released a statement on Celanese Corporation(NYSE:CE) lowered the target price from $82.00 to $81.00. At the time, this suggested an upside of 0.15%.
Recent Performance Graphic:
A total of 14 brokers have reported on CE. Two analysts rate the company a strong buy, four firms rate the company a buy, nine analyts rate the company a hold, one analyst rate the company to underperform, and lastly 0 analystsrate the stock as sell with a one year target stock price of $76.79
With a market cap of $0.0, Celanese Corporation has a price-earnings of 27 with a 52 week low of $55.07 and a 52 week high of $74.55.
Brief Synopsis On Celanese Corporation (NYSE:CE)
Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products. It engineers and manufactures a range of products, which serves a range of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. The Company operates in North America, and Europe and Asia and consists of approximately 20 global production facilities.
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