Stock Rating Downgrade
Of late the Value Trend Rating for Celanese Corp (NYSE: CE) weakened from B to C reflecting eroding fundamentals and low Appreciation Potential.
Recent Price Action
On 8/9/24, Celanese Corp (NYSE: CE) stock rose slightly by 0.08%, closing at $126.50. This advance was accompanied by normal trading volume. Relative to the market the stock has been weak over the last nine months and has declined -8.0% 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 C (High Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Celanese has a very high Appreciation Score of 86 but a poor Power Rating of 29, and the High Neutral Value Trend Rating results.
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