In yesterday’s Wall Street session, Celanese Corp (NYSE:CE) shares traded at $75.00, up 2.88% from the previous session.
CE stock price is now -36.27% away from the 50-day moving average and -46.09% away from the 200-day moving average. The market capitalization of the company currently stands at $8.20B.
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With the price target reduced from $161 to $97, UBS Downgraded its rating from Buy to Neutral for Celanese Corp (NYSE: CE). On November 11, 2024, BMO Capital Markets Downgraded its previous ‘Market Perform’ rating to ‘Underperform’ on the stock reducing its target price from $138 to quote $76, while ‘Piper Sandler’ rates the stock as ‘Underweight’
In other news, Richardson Scott A, EVP & COO sold 4,675 shares of the company’s stock on Aug 19 ’24. The stock was sold for $605,459 at an average price of $129.51. Upon completion of the transaction, the EVP & COO now directly owns 69,754 shares in the company, valued at $5.23 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Aug 20 ’24, EVP & COO Richardson Scott A sold 4,675 shares of the business’s stock. A total of $604,992 was realized by selling the stock at an average price of $129.41. This leaves the insider owning 65,079 shares of the company worth $4.88 million. A total of 0.43% of the company’s stock is owned by insiders.
During the past 12 months, Celanese Corp has had a low of $71.38 and a high of $172.16. As of last week, the company has a debt-to-equity ratio of 1.83, a current ratio of 1.37, and a quick ratio of 0.76. According to the stock market information, the enterprise value for the company is $20938860544, which is based on a 7.54 price-to-earnings ratio, a 0.34 price-to-earnings-growth ratio, and a beta of 1.23. The fifty day moving average price for CE is $118.582 and a two-hundred day moving average price translates $139.49525 for the stock.
The latest earnings results from Celanese Corp (NYSE: CE) was released for 2024-09-30. The net profit margin was 10.40% and return on equity was 15.97% for CE. The company reported revenue of $2.65 billion for the quarter, compared to $2.72 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.75 percent.
