Celanese Corp (NYSE: CE) has reported E.P.S. of $1.11 for its first fiscal quarter (ending March 31) versus $0.87 for the same period a year ago — an increase of 28%. However, this performance was $-2.16 short of the consensus estimate of $3.27. E.P.S. were $18.32 for the latest four quarters through March 31 versus $13.78 for the same period a year ago — an increase of 33%.
Recent Price Action
Celanese Corp (NYSE: CE) stock rose modestly by 0.3% on 5/8/24. The stock closed at $163.27. This advance was accompanied by normal trading volume. The stock has been exceptionally strong relative to the market over the last nine months and has risen 6.3% 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 A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing highly consistent signals. Celanese has a good Power Rating of 79 and a good Appreciation Score of 80, triggering the Highest Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
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