In a report released today, Arun Viswanathan from RBC Capital reiterated a Buy rating on Celanese Corp (CE), with a price target of $118. The company’s shares opened today at $88.34, close to its 52-week low of $83.90.
According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 3.2% and a 47.4% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Axalta Coating Systems, and Westlake Chemical Corp.
Celanese Corp has an analyst consensus of Moderate Buy, with a price target consensus of $120.86.
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Based on Celanese Corp’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $1.77 billion and net profit of $401 million. In comparison, last year the company earned revenue of $1.57 billion and had a net profit of $226 million.
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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.
