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An Investor’s Guide to Celanese’s Leverage

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Part 3
An Investor’s Guide to Celanese’s Leverage PART 3 OF 5

Celanese: Analysts’ Views and Recommendations

Analysts’ consensus on Celanese

On September 27, 2017, the number of analysts actively tracking Celanese (CE) fell from 19 to 18 in the previous three months. Among them, 61% recommended a “buy,” 33% recommended a “hold,” and the remaining 6% of the analysts recommended a “sell.”

Celanese: Analysts’ Views and Recommendations

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The analyst consensus indicates Celanese’s (CE) 12-month target price to be $104.71. On September 27, 2017, CE closed at $104.32, which was marginally lower than the recommended target price.

More analysts are recommending a “buy”

Celanese has reported two quarters of earnings that beat analysts’ expectations. It completed the acquisition of the Nylon Compound division of NILIT Ltd., which could help drive future growth.

CE made an upward revision to the lower end of its adjusted earnings per share to 9%–11% over the previous year’s guidance of 8%–11%.

Celanese announced a share repurchase program of $1.5 billion, which could add value for the shareholders. These factors may have influenced these analysts to recommend a “buy” for CE.

Individual brokers’ recommendations

  • Cowen and Company (COWN) recommended Celanese with a target price of $120.00, implying a potential return of 15% over the closing price of $104.32 on September 27, 2017.
  • Royal Bank of Canada (RY) rated Celanese as a “buy” with a target price of $109.00, implying a return potential of 4.5% over the closing price of $104.32 on September 27, 2017.
  • KeyCorp (KEY) rated Celanese as a “buy” with a target price of $106.00, implying a return potential of 1.6% from the closing price of $104.32 on September 27, 2017.

Investors can indirectly hold CE by investing in the Vanguard Materials ETF (VAW), which invested 1.6% of its holdings in Celanese on September 27, 2017.

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