Celanese stock: buy or sell?
January 24th, 2020
Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide.
Should I buy Celanese stock?Make a decision about when to buy or sell stocks is one of the hardest parts of being a trader or investor. Following a trading plan helps to make decisions easier, quicker and with less hesitations. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
None of our preferred buy setups matches with Celanese stock situation right now, therefore this is not a suitable entry point.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Celanese stock a buy?
Banks and financial institutions post stock ratings everyday.At Stocks2.com, we collected 14 ratings published for CE stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-4||Morgan Stanley||n/a||Equal Weight|
|2019-9-26||Bank of America||n/a||Underperform|
|2019-7-24||JPMorgan Chase & Co.||Neutral||Overweight|
|2019-7-24||BMO Capital Markets||n/a||Market Perform|
|2019-6-20||BMO Capital Markets||n/a||Market Perform|
Celanese stock analysis
Celanese decreased an ugly -0.93% and closed at $114.51.
Celanese shares decreased -0.93% to $114.51 on Jan/24. On November, CE hit a new all time high, pushing higher than on September tops. Check different trading setups that use ATHs as triggers. For the last 23 days when CE stock price broke down the SMA100d line, it slid $-6.92 per share (-5.70%).
Celanese shares fell -2.62% this week, ending at $114.51.
Not so far away is the last all-time high Celanese marked early November. Since early June 2019 when CE stock price broke up the SMA40w line, it gained $20.58 (21.91%). Since late May 2019 when SMA20w and SMA40w crossed up, CE price gained $16.17 per share (16.44%).
Celanese stock price history
Celanese stock went public on January 21st, 2005 with a price of $13.451. Since then, CE stock surged a 751.40%, with an average of 50.10% per year. If you had invested $1,000 in Celanese stock in 2005, it would worth $7,514.00 today.
1: Adjusted price after possible price splits or reverse-splits.
Celanese stock historical price chart
CE stock reached all-time highs on November with a price of $128.88.
Celanese stock price target is $116.90Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. However, many stock price predictions are published every day by banks, financial institutions and independent analysts. You should not follow the analysts' CE stock price predictions in the hope that they will be met as they may be wrong and not met. We detected 13 price targets for Celanese stock posted in the last 30 days:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-4||Morgan Stanley||Raises Target||$102.00||$124.00||21.6%|
|2019-9-26||Bank of America||Initiates||n/a||$110.00||-|
|2019-7-24||JPMorgan Chase & Co.||Upgrades||$102.00||$120.00||17.6%|
|2019-7-24||Deutsche Bank||Raises Target||$115.00||$118.00||2.6%|
|2019-7-24||BMO Capital Markets||Raises Target||$115.00||$120.00||4.3%|
|2019-6-20||BMO Capital Markets||Lowers Target||n/a||$115.00||-|
|2019-4-24||Deutsche Bank||Raises Target||$110.00||$120.00||9.1%|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince last April, when Celanese published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared to 2017, last anual turnover report draw a dazzling growth of 16.53% to $7,155.00 million USD. Slightly worse, its earnings margin (compared to sales) raised to 16.87%, that is $1,207.00 million. Celanese presents anual results in December, and to evaluate its evolution since then, we estimate annual sales and income figures by adding results from the last 4 quarters. This is called TTM (or Twelve Trailing Months). So, Celanese TTM sales up to March 2019 were $6,991.00 and earnings $1,181.00 M dollars. When comparing this TTM figures with the last reported annuality, we can esteem Celanese business evolution since December 2018: Annual sales up to March, compared to lastest yearly report, slightly fell a lame -2.29%. On the other hand, profit margin (net income/sales) stayed constant at 16.87%.
|2013||$6,510 M||-||$1,100 M16.9%||-|
|2014||$6,802 M||4.49%||$624 M9.2%||-43.27%|
|2015||$5,674 M||-16.58%||$304 M5.4%||-51.28%|
|2016||$5,389 M||-5.02%||$900 M16.7%||196.05%|
|2017||$6,140 M||13.94%||$843 M13.7%||-6.33%|
|2018||$7,155 M||16.53%||$1,207 M16.9%||43.18%|
|TTM||$6,991 M||-2.29%||$1,181 M16.9%||-2.15%|
Quarterly financial resultsCelanese posted $1,687.00 M in revenues for 2019-Q1, a -0.12% less compared to previous quarter. Reported quarter earnings marked $337.00 M with a profit margin of 19.98%. Profit margin rocketed a 14.11% compared to previous quarter when profit margin was 5.86%. When comparing revenues to same quarter last year, Celanese sales marked a shocking slide and dropped a -8.86%. Looking back to recent quarterly results, Celanese posted 4 positive quarters in a row.
|2017-Q2||$1,510 M||-||$239 M15.8%||-|
|2017-Q3||$1,570 M||3.97%||$230 M14.6%||-3.77%|
|2017-Q4||$1,593 M||1.46%||$203 M12.7%||-11.74%|
|2018-Q1||$1,851 M||16.20%||$363 M19.6%||78.82%|
|2018-Q2||$1,844 M||-0.38%||$344 M18.7%||-5.23%|
|2018-Q3||$1,771 M||-3.96%||$401 M22.6%||16.57%|
|2018-Q4||$1,689 M||-4.63%||$99 M5.9%||-75.31%|
|2019-Q1||$1,687 M||-0.12%||$337 M20.0%||240.40%|
Celanese ownershipWhen you are planning to invest in shares of a company, it's always worth to have a look its ownership structure.
Celanese shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 0.68% of all shares.
Bearish positions for CE stock account 0.00%, no big difference from last month.
For a better understanding, the following table shows ownership data compared to other related stocks:
|Market cap||$13.8 B|
|Total shares||120.9 M|
|Float shares||120.1 M|
|- Institutional holdings (%)||102.4%|
|- Insider holdings (%)||0.7%|
|Shares in short selling||0.0%|
|Friday, January 24th, 2020|
|Day range||$114.13 - $115.99|
|Average true range||$1.83|
|50d mov avg||$122.15|
|100d mov avg||$121.68|
|200d mov avg||$113.26|
Celanese performanceTo better understand Celanese performance you must becnhmark its gains with other related stocks in same sector or industry. We chose as the bechmarking frame for Celanese stock.
Celanese competitorsUnfortunately, we could not find any public company that could be defined as Celanese competitor. This doesn't mean Celanese does not have any competitor in the market, it's just we could not detected it.
Latest Celanese stock news
- Seeking AlphaCelanese: A High Quality Name Trading Below What It DeservesJuly 24, 2019
- Seeking Alpha4 Months Ago, I Liked Celanese, And Now?March 16, 2019
- Seeking AlphaCelanese: Will You Take The Bait?March 12, 2019
- Seeking AlphaCelanese Is Printing Cash, But Nobody Seems To CareNovember 17, 2018