Celanese stock: buy or sell?

CE stock price: $114.51 -0.93% At close on January 24th, 2020

Updated on:
January 24th, 2020

2

Celanese ended on Jan 24th at $114.51 and decreased an ugly -0.93%. With January/24 it's been 5 sliding days in a row, loosing $-3.63 (-3.07%).

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.

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?

Banks and financial institutions post stock ratings everyday. At Stocks2.com, we collected 14 ratings published for CE stock in the last month.

Is CE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-9-4Morgan Stanleyn/aEqual Weight
2019-9-26Bank of American/aUnderperform
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

Celanese stock analysis

Daily outlook

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%).

CE stock chart (daily)

Weekly outlook

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%).

CE stock chart (weekly)

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 $116.90

Predicting 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:
CE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-9-4Morgan StanleyRaises Target$102.00$124.0021.6%
2019-9-26Bank of AmericaInitiatesn/a$110.00-
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%
(in average)$113.50$116.903.0%
The price target for Celanese stock is $116.90, moving in a range between $126.00 and $105.00. In average, analysts' outlook on CE price forecast is positive, increasing the target by a 3.00% from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last April, when Celanese published its last earnings report, it . Unfortunately, reported EPS is not yet available in our database.
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

Compared 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%.

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 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.
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 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:

CE
Market cap$13.8 B
Total shares120.9 M
Float shares120.1 M
  - Institutional holdings (%)102.4%
  - Insider holdings (%)0.7%
Shares in short selling0.0%

Celanese summary

Friday, January 24th, 2020
Open$115.55
Close$114.51
Day range$114.13 - $115.99
Previous close$115.58
Session gain-0.93%
Average true range$1.83
50d mov avg$122.15
100d mov avg$121.68
200d mov avg$113.26
Daily patternlt03c
Weekly pattern

Celanese performance

To 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.
Stock3m6m12m
CECelanese-7.39%3.54%20.31%

Celanese competitors

Unfortunately, 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