Celanese stock: buy or sell?
September 20th, 2019
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.
|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?
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.
|Date||Analyst / Broker||Previous rating||Current rating|
|2019-9-4||Morgan Stanley||n/a||Equal Weight|
|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|
|2019-1-8||BMO Capital Markets||Outperform||Market Perform|
|2019-1-30||Robert W. Baird||n/a||Buy|
Celanese stock analysis
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.
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%).
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 $116.90Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
|2019-9-4||Morgan Stanley||Raises Target||$102.00||$124.00||21.6%|
|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%|
|2019-1-8||BMO Capital Markets||Downgrades||n/a||$107.00||-|
|2019-1-30||Robert W. Baird||Reiterates||n/a||$120.00||-|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 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%.
|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 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.
|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 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:
|Market cap||$15.2 B||$9.9 B||$4.5 B||$451.2 M||$8.4 B|
|Total shares||123.7 M||137.0 M||66.7 M||44.9 M||128.3 M|
|Float shares||122.9 M||136.2 M||56.2 M||44.4 M||34.9 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Friday, September 20th, 2019|
|Day range||$122.23 - $124.22|
|Average true range||$2.53|
|50d mov avg||$112.48|
|100d mov avg||$107.59|
|200d mov avg||$102.17|
Celanese performanceStocks 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.
Celanese competitorsOne 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.
- Eastman Chemical (EMN)
- W.R. Grace (GRA)
- OMNOVA Solutions (OMN)
- Westlake Chemical (WLK)
- Exxon Mobil (XOM)
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