For its third fiscal quarter (ending September 30), Celanese Corp (NYSE: CE) has reported a -88% decline in E.P.S. from $8.74 a year ago to $1.08 in the current quarter. For the latest four quarters through September 30, E.P.S. were $10.08 compared to $18.71 a year ago — a decline of -46%.
Recent Price Action
Celanese Corp (NYSE: CE) stock closed at $123.50 on 11/4/24 after a modest decline of -1.0%. Moreover, above average trading volume at 149% of normal accompanied the decline. The stock has declined -4.2% during the last week and has been weak relative to the market over the last nine months.
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 (Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Celanese has a very high Appreciation Score of 87 but a poor Power Rating of 18, leading to the Neutral Value Trend Rating.
Rating Review
In light of this new information and negative market action we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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