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Celanese Corporation Celanese C found using the ticker (CE) now has 23 analysts covering the stock with a consensus rating suggesting a Hold. The target price ranges between 180 and 86, with an average target price of 126.74. Considering the stock’s previous close was at 88.68, that would mean it has a potential upside of 42.9%. The 50 day moving average is 104.33 and the 200 day MA is 132.9. The company’s market capitalization is $9,965 million. Company website: https://www.celanese.com
The potential market cap would be $14,242 million based on market consensus.
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Celanese Corporation, a technology and specialty materials company, manufactures and markets high-performance engineering polymers in the United States and internationally. The company operates in three segments: Engineered Materials, Acetate Drawbar and Acetyl Chain. The Engineered Materials segment develops, manufactures and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It also offers acesulfame potassium, a sweetener for use in various beverages, confectionery and dairy products; and food protection ingredients such as potassium sorbate and sorbic acid for use in food, beverage and personal care products. The acetate pellets segment provides acetate pellets and flakes for use in filter product applications. The Acetyl Chain segment manufactures and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride and acetate esters, which are used as starting materials for colorants, paints, adhesives, coatings and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, fiberglass, textiles and paper; and ethylene vinyl acetate resins and compounds, as well as low density polyethylene for use in flexible packaging films, film lamination products, hot melt adhesives, automotive parts and carpet applications. It also produces ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
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