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Evercore ISI Stick to Their Hold Rating for Celanese Corp

Published 04/25/2021, 05:56 AM
Updated 04/25/2021, 05:56 AM


Evercore ISI analyst Stephen Richardson maintained a Hold rating on Celanese (NYSE:CE) Corp on Friday, setting a price target of $170, which is approximately 8.07% above the present share price of $157.3.

Richardson expects Celanese Corp to post earnings per share (EPS) of $12.56 for the second quarter of 2021.

The current consensus among 14 TipRanks analysts is for a Moderate Buy rating of shares in Celanese, with an average price target of $164.86.
The analysts price targets range from a high of $183 to a low of $144.

In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $1.59 billion and a net profit of $214 million. The company's market cap is $17.96 billion.

According to TipRanks.com, Evercore ISI analyst Stephen Richardson is currently ranked with 0 stars on a 0-5 stars ranking scale, with an average return of -5.0% and a 42.99% success rate.

Celanese Corp. engages in the provision of technology and specialty materials businesses. It operates through the following segments: Engineered Materials, Acetate Tow, Acetyl Chain and Other Activities .The Engineered Materials segment includes the engineered materials business, food ingredients business and certain strategic affiliates. The Acetate Tow segment serves consumer-driven applications and is a global producer and supplier of acetate tow and acetate flake, primarily used in filter products applications. The Acetyl Chain segment includes the integrated chain of intermediate chemistry, emulsion polymers and ethylene vinyl acetate (EVA) polymers businesses, based on similar products, production processes, classes of customers and selling and distribution practices as well as economic similarities over a normal business cycle and The Other Activities segment primarily consists of corporate center costs, including administrative activities such as finance, information technology and human resource functions, interest income and expense associated with financing activities. The company was founded by Camille Dreyfus and Henri Dreyfus in 1956 and is headquartered in Irving, TX.

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