TipRanks (Tue, 14-May 7:21 AM ET)
TipRanks (Mon, 13-May 6:40 AM ET)
Analysts Offer Insights on Materials Companies: Celanese (CE) and Mosaic Co (MOS)
TipRanks (Mon, 13-May 3:51 AM ET)
Celanese (CE) Receives a Hold from Stifel Nicolaus
TipRanks (Sun, 12-May 10:05 PM ET)
Wall Street Analysts Are Bullish on Top Materials Picks
TipRanks (Fri, 10-May 1:42 AM ET)
Business Wire (Thu, 9-May 10:00 AM ET)
Celanese Outperforms Q1 Expectations with Strong Earnings and Steady Outlook: Maintaining Buy Rating
TipRanks (Thu, 9-May 6:16 AM ET)
Celanese Corporation Reports First Quarter Earnings
Business Wire (Wed, 8-May 4:15 PM ET)
Celanese Announces Kim K.W. Rucker as New Lead Independent Director
Business Wire (Mon, 22-Apr 4:00 PM ET)
Celanese to Hold First Quarter Earnings Conference Call on May 9, 2024
Business Wire (Thu, 18-Apr 4:00 PM ET)
Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.
Celanese trades on the NYSE stock market under the symbol CE.
As of May 14, 2024, CE stock price climbed to $160.28 with 23,217 million shares trading.
CE has a beta of 1.34, meaning it tends to be more sensitive to market movements. CE has a correlation of 0.41 to the broad based SPY ETF.
CE has a market cap of $17.51 billion. This is considered a Large Cap stock.
Last quarter Celanese reported $3 billion in Revenue and $2.08 earnings per share. This fell short of revenue expectation by $-59 million and exceeded earnings estimates by $.17.
In the last 3 years, CE stock traded as high as $176.50 and as low as $86.71.
The top ETF exchange traded funds that CE belongs to (by Net Assets): VTI, VOO, VO, SPY, IVV.
CE has outperformed the market in the last year with a return of +61.8%, while the SPY ETF gained +28.3%. In the last 3 month period, CE beat the market returning +11.1%, while SPY returned +5.9%. However, in the most recent 2 weeks CE has underperformed the stock market by returning +1.7%, while SPY returned +2.2%.
CE support price is $157.66 and resistance is $162.82 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CE stock will trade within this expected range on the day.