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What Analysts Recommend for Celanese

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Analysts’ recommendations for Celanese

As of June 29, 2017, 18 analysts from various brokerage houses actively track Celanese (CE) stock. Among them, 66% of the analysts have recommended a “buy,” 28% of the analysts have recommended a “hold,” while 6% of the analysts have recommended a “sell” on Celanese stock.

Consensus analyst views indicate CE’s 12-month price target to be at $99.47, implying a potential return of 6.3% from the closing price of $93.59 as of June 29, 2017.

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Why analysts are recommending a “buy”

Celanese posted better-than-expected 1Q17 earnings and beat the analysts’ estimates. Further, CE’s acquisition of Nilit’s nylon compounding division and a joint venture agreement with Blackstone (BX) to create acetate tow supplier could have influenced analysts to recommend a “buy” for Celanese.

Individual brokerage firm recommendations and price targets

Below are the recommendations and price targets by individual brokerage firms on Celanese:

  • Deutsche Bank (DB) rated Celanese a “buy” with a target price of $110, implying a 12-month potential return of 17.5% over the closing price of $93.59 as of June 29, 2017.
  • Citigroup gave Celanese a target price of $101, implying a 12-month potential return of 7.9% over the closing price of $93.59 as of June 29, 2017.
  • Barclays (BCS) rated Celanese as “overweight” with a target price of $105, implying a 12-month potential return of 12.2% over the closing price of $93.59 as of June 29, 2017.
  • Jefferies provided Celanese a target price of $104, implying a 12-month potential return of 11.1% over the closing price of $93.59 as of June 29, 2017.

Investors can indirectly hold Celanese by investing in the iShares U.S. Basic Materials ETF (IYM), which invested 2.2% of its portfolio in Celanese.

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