Nomura Assigned a Hold Rating to Celanese Corp

By Ryan Adsit

Nomura analyst Aleksey Yefremov assigned a Hold rating to Celanese Corp (NYSE: CE) yesterday and set a price target of $88. The company’s shares closed yesterday at $89.10.

According to TipRanks.com, Yefremov is a 5-star analyst with an average return of 17.3% and a 81.8% success rate. Yefremov covers the Basic Materials sector, focusing on stocks such as Platform Specialty Products, Westlake Chemical Corp, and Axalta Coating Systems.

Celanese Corp has an analyst consensus of Moderate Buy, with a price target consensus of $98.

Celanese Corp’s market cap is currently $12.54B and has a P/E ratio of 15.54. The company has a book value ratio of 4.7622.

Based on the recent corporate insider activity of 52 insiders, corporate insider sentiment is negative on the stock. Most recently, in February 2017, Gjon Nivica, the SVP & GC of CE sold 12,000 shares for a total of $1,060,200.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Celanese Corp. is a technology and specialty materials company that engineers and manufactures a wide variety of products essential to everyday living. The company operates through the following segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Advanced Engineered Materials segment uses advanced polymer technology to produce a broad portfolio of high performance specialty polymers used in a wide spectrum of applications, including automotive, medical and electronics products, as well as other consumer and industrial applications. The Consumer Specialties segment includes Acetate Products and Nutrinova businesses, which serves consumer-driven applications. The Industrial Specialties segment, which includes the Emulsions and EVA Performance Polymers businesses, is active in every major global industrial sector and serves diverse industrial and consumer end-use applications. The Acetyl Intermediates segment produces and supplies acetyl products, including acetic acid, VAM, acetic anhydride, and acetate esters. Celanese was founded in 2005 and is headquartered in Irving, TX.