Alembic Global analyst Hassan Ahmed reiterated a Sell rating on Celanese Corp (CE) today and set a price target of $91. The company’s shares opened today at $97.65.
Ahmed commented:
“We expect Celanese shares to come under pressure tomorrow on the back of this earnings miss and guidance cut. We reiterate our Underweight rating on Celanese shares.”
According to TipRanks.com, Ahmed is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -6.9% and a 34.8% success rate. Ahmed covers the Consumer Goods sector, focusing on stocks such as Westlake Chemical Corp, Venator Materials Plc, and LyondellBasell.
Currently, the analyst consensus on Celanese Corp is a Hold with an average price target of $106.25.
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Celanese Corp’s market cap is currently $13.01B and has a P/E ratio of 10.14. The company has a Price to Book ratio of 3.69.
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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates, and Other.
