Celanese stock: buy or sell?

CE stock price: $122.74 -0.86% At close on September 20th, 2019

Updated on:
September 20th, 2019

4

After topping to all time highs on September 13th, Celanese slightly fell -0.86% today to $122.74.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to define your own trading plan that matches with your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Celanese stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This doesn't mean CE will fall in coming sessions, or it will not rise higher. Simply, it doesn't match our recommended trading systems.

Is Celanese stock a buy?

Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness. At Stocks2.com, we collected 15 ratings published for CE stock in the last 30 days.

Is CE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4Morgan Stanleyn/aEqual Weight
2019-7-9KeyCorpn/aOverweight
2019-7-24Nomuran/aNeutral
2019-7-24JPMorgan Chase & Co.NeutralOverweight
2019-7-24Deutsche Bankn/aHold
2019-7-24BMO Capital Marketsn/aMarket Perform
2019-7-2Vertical ResearchBuyHold
2019-7-1Cowenn/aMarket Perform
2019-6-20BMO Capital Marketsn/aMarket Perform
2019-4-9BarclaysOverweightOverweight
2019-4-24Deutsche BankHoldHold
2019-4-24BarclaysOverweightOverweight
2019-2-6CowenOutperformMarket Perform
2019-1-8BMO Capital MarketsOutperformMarket Perform
2019-1-30Robert W. Bairdn/aBuy

Celanese stock analysis

Daily outlook

Celanese slightly fell -0.86% to $122.74 after reaching all time highs on Sep/13.

After marking all time highs on Sep/13, Celanese slightly fell -0.86% today to $122.74. On June, SMA100d and SMA200d crossed up triggering a rise of 22.06%. On June CE price bounced up over the SMA of 200 days demonstrating to be a significant support for this stock. CE is retaking the upward trend marking a new rising bottom heading to break out over $127.15. On September 13th, CE hit a new all time high, pushing higher than on September/12 tops. Check different trading setups that use ATHs as triggers.

CE stock chart (daily)

Weekly outlook

After boosting a super good 5.91% in a week last week, Celanese closed this week at $122.74 and decreased a rough -2.19%.

Celanese stock is trading in the range of its last top and last bottom. Loosing would mean breaking the current uptrend. Breakdowns under last bottom are selling point signals for some trading strategies. Not so far away is the last price record Celanese marked last week. Early June CE price bounced up over the SMA of 40 weeks that acted as support stopping new slides. Since SMA20d and SMA40w crossed up late May, CE price climbed $23.91 per share (24.19%).

CE stock chart (weekly)

Celanese stock price history

Celanese IPO was on January 21st, 2005 at $13.52 per share1. Since then, CE stock surged a 807.80%, with a yearly average of 57.70%. If you had invested right after CE's IPO a $1,000 in Celanese stock in 2005, it would worth $8,078.00 today.

1: Adjusted price after possible price splits or reverse-splits.

Celanese stock historical price chart

CE stock reached all-time highs on Sep/13 with a price of $127.15.

Celanese stock price target is $116.90

Nobody can reliably foresee how stock prices may evolve in the future. 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 have 14 price predictions for Celanese stock released in the last month:
CE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-4Morgan StanleyRaises Target$102.00$124.0021.6%
2019-7-9KeyCorpLowers Target$125.00$124.00-0.8%
2019-7-24NomuraLowers Target$107.00$105.00-1.9%
2019-7-24JPMorgan Chase & Co.Upgrades$102.00$120.0017.6%
2019-7-24Deutsche BankRaises Target$115.00$118.002.6%
2019-7-24BMO Capital MarketsRaises Target$115.00$120.004.3%
2019-7-1CowenRaises Target$105.00$110.004.8%
2019-6-20BMO Capital MarketsLowers Targetn/a$115.00-
2019-4-9BarclaysLowers Target$125.00$120.00-4%
2019-4-24Deutsche BankRaises Target$110.00$120.009.1%
2019-4-24BarclaysRaises Target$120.00$126.005%
2019-2-6CowenDowngrades$122.00$108.00-11.5%
2019-1-8BMO Capital MarketsDowngradesn/a$107.00-
2019-1-30Robert W. BairdReiteratesn/a$120.00-
(in average)$113.50$116.903.0%
Moving in a range from $126.00 and $105.00, the price prediction for CE stock is $116.90. In average, analysts' outlook on CE price forecast is positive, improving the forecast by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since April, when Celanese published its last earnings report, it . As soon as we get its posted EPS from the earnings report, we will extend this review.
CE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q2-n/a1.75n/a
2017-Q32017-10-161.911.931.0%
2017-Q42018-01-251.881.985.3%
2018-Q12018-04-162.362.7918.2%
2018-Q22018-07-192.42.920.8%
2018-Q32018-10-182.752.967.6%
2018-Q42019-01-282.422.38-1.7%
2019-Q12019-04-152.47n/an/a
2019-Q2-n/an/an/a
2019-Q3-n/an/an/a

Annual financial results

In 2018, Celanese annual sales skyrocketed an extraordinary 16.53% to $7,155.00 M dollars from $6,140.00 marked in 2017. When comparing 2018 vs 2017, nevertheless, profit margin (that is, the net income divided by revenues) gained a 3.14% to 16.87%.

Celanese presents anual results in December, and to compare 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 million USD. If we compare this TTM figures with the last reported annuality, we can review Celanese business evolution since December 2018: Annual revenues up to March, compared to lastest yearly report, slightly fell an ugly -2.29%. On the other hand, profit margin (net income/sales) remained constant at 16.87%.

CE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$6,510 M-$1,100 M16.9%-
2014$6,802 M4.49%$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 M13.94%$843 M13.7%-6.33%
2018$7,155 M16.53%$1,207 M16.9%43.18%
TTM $6,991 M-2.29%$1,181 M16.9%-2.15%

Quarterly financial results

Celanese reported $1,687.00 million 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 boosted 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 decrease and fell a -8.86%. Looking back to recent quarterly results, Celanese posted 4 negative quarters in a row.
CE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q2$1,510 M-$239 M15.8%-
2017-Q3$1,570 M3.97%$230 M14.6%-3.77%
2017-Q4$1,593 M1.46%$203 M12.7%-11.74%
2018-Q1$1,851 M16.20%$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 ownership

When you are planning to buy shares of a company, it's worth to review its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Celanese, 0.61% of all outstanding shares are owned by its staff.

Bearish positions for CE stock account 0.00%, no big difference from last month.

The following table compares ownership indicators for other stocks related to Celanese:

CEEMNGRAOMNWLK
Market cap$15.2 B$9.9 B$4.5 B$451.2 M$8.4 B
Total shares123.7 M137.0 M66.7 M44.9 M128.3 M
Float shares122.9 M136.2 M56.2 M44.4 M34.9 M
  - Institutional holdings (%)105.7%85.6%90.6%101.3%28.6%
  - Insider holdings (%)0.6%0.4%0.9%3.2%72.1%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

Celanese summary

Friday, September 20th, 2019
Open$124.22
Close$122.74
Day range$122.23 - $124.22
Previous close$123.80
Session gain-0.86%
Average true range$2.53
50d mov avg$112.48
100d mov avg$107.59
200d mov avg$102.17
Daily patternlb02a
Weekly pattern lt06a

Celanese performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. For Celanese, the benchmark is made against Eastman Chemical, W.R. Grace, OMNOVA Solutions, Westlake Chemical and Exxon Mobil.
Stock3m6m12m
CECelanese16.77%26.48%7.99%
EMNEastman Chemical-4.29%-2.10%-25.14%
GRAW.R. Grace-8.51%-11.94%-8.09%
OMNOMNOVA Solutions79.32%33.78%-1.85%
WLKWestlake Chemical-0.68%0.31%-22.34%
XOMExxon Mobil-5.75%-7.97%-11.18%

Celanese competitors

One check before trading any stock is to review a list of its competitors, in this case for Celanese. We picked 5 companies as Celanese competitors as they are in the same industry or have similar market objectives.

Latest Celanese stock news