RBC Capital Reiterates a Buy Rating on Celanese Corp

By Jason Carr

In a report issued on July 10, Arun Viswanathan from RBC Capital reiterated a Buy rating on Celanese Corp (NYSE: CE), with a price target of $134. The company’s shares closed yesterday at $111.66.

According to TipRanks.com, Viswanathan is a 4-star analyst with an average return of 10.7% and a 61.8% success rate. Viswanathan covers the Consumer Goods sector, focusing on stocks such as Sherwin-Williams Company, Westlake Chemical Corp, and Axalta Coating Systems.

Celanese Corp has an analyst consensus of Moderate Buy, with a price target consensus of $131.71.

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Celanese Corp’s market cap is currently $15.17B and has a P/E ratio of 14.97. The company has a Price to Book ratio of 4.66.

Based on the recent corporate insider activity of 41 insiders, corporate insider sentiment is negative on the stock.

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Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates, and Other.