Celanese (CE) to Release Quarterly Earnings on Tuesday

Celanese (NYSE:CE) is projected to post its quarterly earnings results after the market closes on Tuesday, February 18th. Analysts expect Celanese to post earnings of $1.25 per share and revenue of $2.36 billion for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Celanese Price Performance

Shares of CE opened at $66.98 on Tuesday. The company has a current ratio of 1.37, a quick ratio of 0.76 and a debt-to-equity ratio of 1.47. The firm’s fifty day simple moving average is $69.58 and its 200-day simple moving average is $101.27. The firm has a market capitalization of $7.32 billion, a price-to-earnings ratio of 6.74, a PEG ratio of 1.37 and a beta of 1.17. Celanese has a twelve month low of $64.05 and a twelve month high of $172.16.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on CE. Robert W. Baird lowered their price objective on Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research report on Wednesday, November 6th. Vertical Research downgraded Celanese from a “hold” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Tuesday, October 29th. Citigroup cut their price objective on shares of Celanese from $100.00 to $73.00 and set a “neutral” rating on the stock in a report on Wednesday, December 18th. Bank of America upgraded shares of Celanese from an “underperform” rating to a “buy” rating and lowered their target price for the company from $95.00 to $88.00 in a report on Tuesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Celanese from a “hold” rating to a “buy” rating and cut their price target for the stock from $135.00 to $110.00 in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $102.06.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.