For its third fiscal quarter (ending September 30), Celanese Corp (NYSE: CE) has reported a 394% increase in E.P.S. from $1.77 a year ago to $8.74 in the current quarter. This result exceeded the consensus estimate of $2.23 by $6.51. For the latest four quarters through September 30, E.P.S. were $18.70 versus $15.33 for the same period a year ago — an increase of 22%.
Recent Price Action
Celanese Corp (NYSE: CE) stock closed at $120.03 on 11/6/23 after a modest decline of -0.8%. The stock has risen 5.8% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
CE’s future returns on capital are forecasted to be above the cost of capital. Accordingly, the company is expected to continue to be an important Value Builder.
Celanese has a current Value Trend Rating of A (Highest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Celanese has a good Power Rating of 76 and a good Appreciation Score of 84, triggering the Highest Value Trend Rating.
Rating Review
In light of this encouraging new earnings information we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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