Extremely important negative changes in investment behavior have recently occurred for Celanese Corp (NYSE: CE): negative upside/downside volume developed, and the stock fell on very heavy volume.
Celanese Corp (NYSE: CE). Significant negative changes in fundamentals have recently occurred: the consensus estimate for December, 2024 decreased significantly, and the consensus estimate for December, 2025 decreased significantly.
In light of these highly negative signals we are reviewing our current Overall Rating of C. We would view the shares with caution pending completion of this review in the next several days.
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). 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 94 but a very low Power Rating of 6, with the Neutral Value Trend Rating the result.
Recent Price Action
Celanese Corp (NYSE: CE) stock suffered a large decline of -5.5% on 11/8/24. The stock closed at $84.80. Moreover, trading volume in this decline was exceptionally high at 341% of normal. Relative to the market the stock has been weak over the last nine months and has declined -32.7% during the last week.
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