Stifel Nicolaus analyst Vincent Anderson maintained a Hold rating on Celanese (CE – Research Report) on May 10 and set a price target of $146.00. The company’s shares closed last Friday at $156.69.
Anderson covers the Basic Materials sector, focusing on stocks such as Mosaic Co, Cf Industries Holdings, and Eastman Chemical. According to TipRanks, Anderson has an average return of 8.5% and a 50.90% success rate on recommended stocks.
In addition to Stifel Nicolaus, Celanese also received a Hold from Alembic Global’s Hassan Ahmed in a report issued on May 8. However, on May 9, Wells Fargo maintained a Buy rating on Celanese (NYSE: CE).
The company has a one-year high of $171.38 and a one-year low of $98.72. Currently, Celanese has an average volume of 722.8K.
Based on the recent corporate insider activity of 31 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of CE in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Celanese (CE) Company Description:
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.
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