KeyBanc analyst Aleksey Yefremov maintained a Buy rating on Celanese (CE) today and set a price target of $158.00. The company’s shares closed last Thursday at $137.57, close to its 52-week high of $140.09.
According to TipRanks.com, Yefremov is a 4-star analyst with an average return of 16.6% and a 67.5% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Axalta Coating Systems, Pq Group Holdings, and Eastman Chemical.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Celanese with a $134.07 average price target, representing a -2.5% downside. In a report issued on January 5, BMO Capital also upgraded the stock to Buy with a $155.00 price target.
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The company has a one-year high of $140.09 and a one-year low of $52.70. Currently, Celanese has an average volume of 849.3K.
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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities .The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates. The Acetate Tow segment serves consumer-driven applications and is a global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses, based on similar products, production processes, classes of customers and selling and distribution practices as well as economic similarities over a normal business cycle and The Other Activities segment primarily consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expense associated with financing activities. The company was founded by Camille Dreyfus and Henri Dreyfus in 1956 and is headquartered in Irving, TX.
