Celanese Corporation’s Stock Price Soars to $138.47, Marking a Noteworthy 3.03% Uptick

Celanese Corporation (CE)

138.47 USD +4.07 (+3.03%) Volume: 1.03M

Experience the rise and fall in the stock market with Celanese Corporation’s stock price currently at 138.47 USD, witnessing a positive surge of +3.03% in this trading session with a trading volume of 1.03M, yet grappling with a year-to-date (YTD) percentage change of -10.88%.

Latest developments on Celanese Corporation

Despite daily gains, Celanese Corp Series A stock underperformed on Monday when compared to its competitors. The stock’s movements today may have been influenced by a variety of factors, such as market trends, industry news, or company-specific developments. Investors and analysts will be closely monitoring Celanese Corp Series A for any further fluctuations in the stock price as the week progresses.

Celanese Corporation on Smartkarma

Analysts on Smartkarma, like Baptista Research, have been covering Celanese Corp Series A, providing insightful research on the company’s performance and future prospects. In their report titled “Celanese Corporation: Expanding Capacity in Acetyls Chain and Engineered Materials & Other Major Drivers,” they highlighted the company’s Q1 2024 earnings and outlook on market trends. CEO Lori Ryerkerk mentioned that the environment remains unchanged, with destocking trends ending and order books stabilizing. This report leans bullish on Celanese Corp Series A.

Another report by Baptista Research, “Celanese Corporation: Integrated Value Chain Model & 5 Biggest Catalysts For Its Growth! – Major Drivers,” discussed the company’s recent earnings for Q4 2023. CEO Lori Ryerkerk anticipates significant improvements in the M&M business in Q1 2024, with the highest quarterly EBITDA since its acquisition expected. This positive outlook is driven by lower raw materials costs and a recovery in the auto industry. The sentiment in this report also leans bullish on Celanese Corp Series A.

A look at Celanese Corporation Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to Smartkarma Smart Scores, Celanese Corp Series A shows a mixed long-term outlook. While the company scores well in Dividend and Momentum, with scores of 4 and 3 respectively, it falls short in Resilience with a score of 2. The Value and Growth scores are both at a moderate level of 3. Investors may want to consider these factors when evaluating the potential performance of Celanese Corp Series A in the future.

Celanese Corporation is a global producer of chemicals and advanced materials, with operations in North America, Europe, and Asia. The company’s focus on dividends and its momentum in the market are seen as strengths, while its resilience is rated lower. With a balanced outlook across various factors, investors may need to weigh the different Smart Scores to form a comprehensive view of Celanese Corp Series A‘s long-term prospects.

Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
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