As of close of business last night, Celanese Corp’s stock clocked out at $160.07, down -3.73% from its previous closing price of $166.28. In other words, the price has decreased by -$6.21 from its previous closing price. On the day, 958067 shares were traded.
Ratios:
To gain a deeper understanding of CE’s stock, we examine its different ratios. It provided that stocks Price–to–Cash (P/C) ratio for the trailing twelve months (TTM) is standing at 9.89 whereas its Price-to-Free Cash Flow (P/FCF) for the term is 13.42. For the most recent quarter (mrq), Quick Ratio is recorded 0.95 and its Current Ratio is at 1.53. In the meantime, Its Debt-to-Equity ratio is 1.99 whereas as Long-Term Debt/Eq ratio is at 1.78.
Upgrades & Downgrades
In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, JP Morgan on April 04, 2024, Downgraded its rating to Underweight and sets its target price to $160 from $135 previously.
On April 04, 2024, Barclays Downgraded its rating to Equal Weight which previously was Overweight but kept the price unchanged to $170.
Piper Sandler Upgraded its Neutral to Overweight on February 26, 2024, whereas the target price for the stock was revised from $135 to $170.
Insider Transactions:
Investing in insider trades can also provide an investor with insight into how management views future stock prices. A recent insider transaction in this stock occurred on Mar 15 ’24 when Richardson Scott A sold 2,000 shares for $156.49 per share. The transaction valued at 312,980 led to the insider holds 74,429 shares of the business.
Kelly Thomas Francis bought 1,400 shares of CE for $219,373 on Mar 14 ’24. The SVP, EM now owns 57,023 shares after completing the transaction at $156.69 per share. On Mar 14 ’24, another insider, Richardson Scott A, who serves as the EVP & COO of the company, sold 2,000 shares for $156.85 each. As a result, the insider received 313,700 and left with 76,429 shares of the company.
Valuation Measures:
Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, CE now has a Market Capitalization of 18.55B and an Enterprise Value of 30.84B. As of this moment, Celanese’s Price-to-Earnings (P/E) ratio for their current fiscal year is 8.94, and their Forward P/E ratio for the next fiscal year is 11.46. The expected Price-to-Earnings-to-Growth (PEG) calculation for the next 5 years is 0.42. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.63 while its Price-to-Book (P/B) ratio in mrq is 2.46. Its current Enterprise Value per Revenue stands at 2.82 whereas that against EBITDA is 11.67.
Stock Price History:
Over the past 52 weeks, CE has reached a high of $172.16, while it has fallen to a 52-week low of $99.33. The 50-Day Moving Average of the stock is 156.15, while the 200-Day Moving Average is calculated to be 135.49.
Shares Statistics:
It appears that CE traded 722.67K shares on average per day over the past three months and 712.22k shares per day over the past ten days. A total of 111.56M shares are outstanding, with a floating share count of 111.09M. Insiders hold about 0.43% of the company’s shares, while institutions hold 103.77% stake in the company. Shares short for CE as of Mar 15, 2024 were 4.94M with a Short Ratio of 6.94, compared to 5.58M on Feb 15, 2024. Therefore, it implies a Short% of Shares Outstanding of 4.44% and a Short% of Float of 6.90%.
Dividends & Splits
With its trailing 12-month dividend rate of 2.80, CE has a forward annual dividend rate of 2.80. Against a Trailing Annual Dividend Yield of 1.68%, it implies a Forward Annual Dividend Yield of 1.65%. The stock’s 5-year Average Dividend Yield is 2.17.
Earnings Estimates
As of right now, 18 analysts gave their recommendation on the stock of the company. On average, analysts expect EPS of $1.92 for the current quarter, with a high estimate of $2.06 and a low estimate of $1.83, while EPS last year was $2.01. The consensus estimate for the next quarter is $2.93, with high estimates of $3.4 and low estimates of $2.6.
Analysts are recommending an EPS of between $11.87 and $10.75 for the fiscal current year, implying an average EPS of $11.42. EPS for the following year is $13.93, with 20 analysts recommending between $15.9 and $12.41.
Revenue Estimates
In the current quarter, 14 analysts expect revenue to total $2.68B. It ranges from a high estimate of $2.86B to a low estimate of $2.52B. As of the current estimate, Celanese Corp’s year-ago sales were $2.85B, an estimated decrease of -5.90% from the year-ago figure. For the next quarter, 14 analysts are estimating revenue of $2.85B, an increase of 1.90% over than the figure of -$5.90% in the same quarter last year. There is a high estimate of $3.03B for the next quarter, whereas the lowest estimate is $2.74B.
A total of 19 analysts have provided revenue estimates for CE’s current fiscal year. The highest revenue estimate was $11.8B, while the lowest revenue estimate was $10.75B, resulting in an average revenue estimate of $11.18B. In the same quarter a year ago, actual revenue was $10.94B, up 2.20% from the average estimate. Based on 19 analysts’ estimates, the company’s revenue will be $11.82B in the next fiscal year. The high estimate is $12.35B and the low estimate is $11.16B. The average revenue growth estimate for next year is up 5.70% from the average revenue estimate for this year.
