CE Similar Chart Price Prediction
The price of CE is predicted to go up -0.97%, based on the high correlation periods with PCH. The similarity of these two price pattern on the periods is 94.76%.
CE
PCH
Down: -0.97%Similarity: 94.76%
CE Revenue Forecast
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CE VS S&P500
Celanese built out its core acetic acid production facilities at a significantly lower capital cost per ton than its competitors thanks to the scale of its facilities (2 million tons versus average 0.5 million tons).
Celanese should benefit from producing an increasing proportion of its acetic acid in the US to take advantage of low-cost natural gas.
Through acquisition, Celanese transformed the engineered materials business into a premiere specialty chemicals business that will create value for shareholders.
CE Analyst's Forecast
Arun Viswanathan
RBC Capital
Buy
2024-12-19
Price Target
$122 → $88
Upside
+31.36%
RBC Capital analyst Arun Viswanathan lowered the firm's price target on Celanese to $88 from $122 and keeps an Outperform rating on the shares as part of a broader research note previewing 2025 in the Chemicals & Packaging sector. The firm continues to favor names with cost reduction programs given margin improvement potential before demand starts to improve, companies with strong operating leverage and potential for positive volume growth inflection in the second half of the year, and names with low leverage, the analyst tells investors in a research note. For the company, RBC warns that higher energy costs, particularly natural gas in Europe and in its Emerging Market segment, will likely continue to pressure margins.
Patrick Cunningham
Citigroup
Hold
2024-12-18
Price Target
$100 → $73
Upside
+7.46%
Michael Leithead
Barclays
Hold
2024-11-19
Price Target
$101 → $88
Upside
+21.73%
