Celanese Corporation Celanese C with ticker code (CE) have now 23 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The target price High/Low ranges between 150 and 100 suggesting an average Analsyt target price of $128.52. Now with the previous closing price of $106.03 this now indicates there is a potential upside of 21.2%. It’s also worth noting that there is a 50 day moving average of $113.88 and the 200 day MA is $108.53. The market capitalization for the company is $11,901m. Visit the company website at: https://www.celanese.com
The potential market cap would be $14,426m based on the market consensus.
Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium for the food and beverage industry, and food protection ingredients, such as potassium sorbate and sorbic acid. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
The company has a dividend yield of 2.64% with the ex dividend date set at 17-2-2023 (DMY).
Other points of data to note are a P/E ratio of 6.17, revenue per share of 89.25 and a 4.96% return on assets.
