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NYSE:CE

Celanese Stock Forecast, Price & News

$107.45
+0.57 (+0.53 %)
(As of 09/30/2020 12:00 AM ET)
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Today's Range
$107.15
Now: $107.45
$109.32
50-Day Range
$99.81
MA: $105.31
$114.22
52-Week Range
$52.70
Now: $107.45
$128.88
Volume727,563 shs
Average Volume972,431 shs
Market Capitalization$12.71 billion
P/E Ratio20.62
Dividend Yield2.32%
Beta1.38
Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. 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. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
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Beat the Market (BTM) Rank

Analyst Opinion: 2.3Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.39 out of 5 stars


Industry, Sector and Symbol

Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustrySpecialty Chemicals
CUSIP15087010
Phone972-443-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.30 billion
Cash Flow$13.09 per share
Book Value$24.24 per share

Profitability

Net Income$852 million

Miscellaneous

Employees7,714
Market Cap$12.71 billion
Next Earnings Date10/19/2020 (Estimated)
OptionableOptionable
$107.45
+0.57 (+0.53 %)
(As of 09/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Celanese (NYSE:CE) Frequently Asked Questions

How has Celanese's stock been impacted by COVID-19?

Celanese's stock was trading at $80.67 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, CE stock has increased by 33.2% and is now trading at $107.45.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Celanese?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 9 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Celanese
.

When is Celanese's next earnings date?

Celanese is scheduled to release its next quarterly earnings announcement on Monday, October 19th 2020.
View our earnings forecast for Celanese
.

How were Celanese's earnings last quarter?

Celanese Co. (NYSE:CE) announced its earnings results on Tuesday, July, 28th. The basic materials company reported $1.30 earnings per share for the quarter, beating the consensus estimate of $1.05 by $0.25. The basic materials company earned $1.19 billion during the quarter, compared to the consensus estimate of $1.08 billion. Celanese had a return on equity of 33.49% and a net margin of 11.13%. The business's revenue for the quarter was down 25.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.38 earnings per share.
View Celanese's earnings history
.

How often does Celanese pay dividends? What is the dividend yield for Celanese?

Celanese announced a quarterly dividend on Wednesday, July 15th. Stockholders of record on Monday, July 27th will be paid a dividend of $0.62 per share on Thursday, August 6th. This represents a $2.48 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date is Friday, July 24th.
View Celanese's dividend history
.

What price target have analysts set for CE?

21 Wall Street analysts have issued 12 month price targets for Celanese's shares. Their forecasts range from $85.00 to $135.00. On average, they anticipate Celanese's stock price to reach $105.74 in the next twelve months. This suggests that the stock has a possible downside of 1.6%.
View analysts' price targets for Celanese
.

Are investors shorting Celanese?

Celanese saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 2,530,000 shares, an increase of 11.9% from the August 31st total of 2,260,000 shares. Based on an average daily volume of 832,800 shares, the days-to-cover ratio is presently 3.0 days. Approximately 2.2% of the shares of the stock are sold short.
View Celanese's Short Interest
.

Who are some of Celanese's key competitors?

What other stocks do shareholders of Celanese own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Celanese investors own include NVIDIA (NVDA), AbbVie (ABBV), Micron Technology (MU), Amgen (AMGN), UnitedHealth Group (UNH), Boeing (BA), Bank of America (BAC), QUALCOMM (QCOM), AT&T (T) and Alibaba Group (BABA).

Who are Celanese's key executives?

Celanese's management team includes the following people:
  • Mr. Mark C. Rohr, Chairman, CEO & Pres (Age 68)
  • Mr. Scott A. Richardson, Sr. VP & CFO (Age 42)
  • Ms. Shannon L. Jurecka, Sr. VP & Chief HR Officer (Age 49)
  • Mr. Kevin S. Oliver, Chief Financial Officer for European Headquarters (Age 47)
  • Ms. Benita M. Casey, Chief Accounting Officer, VP of Fin. & Controller

What is Celanese's stock symbol?

Celanese trades on the New York Stock Exchange (NYSE) under the ticker symbol "CE."

How do I buy shares of Celanese?

Shares of CE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Celanese's stock price today?

One share of CE stock can currently be purchased for approximately $107.45.

How big of a company is Celanese?

Celanese has a market capitalization of $12.71 billion and generates $6.30 billion in revenue each year. The basic materials company earns $852 million in net income (profit) each year or $9.53 on an earnings per share basis. Celanese employs 7,714 workers across the globe.

What is Celanese's official website?

The official website for Celanese is www.celanese.com.

How can I contact Celanese?

Celanese's mailing address is 222 West Las Colinas Blvd. Suite 900 North, Irving TX, 75039. The basic materials company can be reached via phone at 972-443-4000 or via email at [email protected]

This page was last updated on 10/1/2020 by MarketBeat.com Staff

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