Celanese Corporation - Value Alert
Texas (July 22, 2013) Wax Ink has issued a Loss of Investment Interest rating for Celanese Corporation (NYSE: CE) based on a recent baseline equity review which placed fair value between $38-$44.
The recent close of $47.73 is approximately 111% above the fair value buy target for the stock and approximately 3% above the fair value close target for the stock. The recent close is also 12% below analysts’ twelve-month $54.00 median price target for the stock.
The recent close represents an 307% increase in price since the last baseline equity review was conducted in March of 2009.
The stock currently has a trailing twelve-month PE Ratio of 12, and a PEG Ratio of 1.1 basis estimated forward earnings growth of 11%.
In the past 52 weeks, share prices have moved between a high of $51.58 and a low of $34.48, placing equilibrium at $46.17.
Basis the recent close, the stock is trading 8% below the 52 week high, 28% above the 52 week low, 3% above equilibrium, and has an average daily trading volume of approximately 995,000 shares.
Celanese Corporation engages in manufacture and sale of value-added chemicals, thermoplastic polymers, and other chemical-based products.
The company's competitors include BASF SE, The Dow Chemical Company, E I Du Pont De Nemours and Company, Methanex Corporation, and LANXESS Aktiengesellschaft.
Financial information that may be contained herein, is based on the company's most recent annual SEC filing for year ending December 31, 2012. All prices are per share unless otherwise noted.
Wax Ink currently has no investment position in the company mentioned in this alert.
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