Celanese Corp (NYSE: CE) has reported E.P.S. of $1.43 for its second fiscal quarter (ending June 30) versus $2.01 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $17.74 compared to $11.73 a year ago.
Recent Price Action
Celanese Corp (NYSE: CE) stock closed at $137.55 on 8/1/24 after a decline of -2.6%. Moreover, above average trading volume at 137% of normal accompanied the decline. The stock has performed in line with the market over the last nine months and has risen 1.0% during the last week.
Current PriceTarget Research Rating
Reflecting future returns on capital that are forecasted to be above the cost of capital, CE is expected to continue to be an important Value Builder.
Celanese has a current Value Trend Rating of B (Positive). The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Celanese has a very high Appreciation Score of 85 but a neutral Power Rating of 42, leading to the Positive Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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