Morgan Stanley analyst Vincent Andrews maintains $Celanese Corp (CE.US)$ with a hold rating, and adjusts the target price from $140 to $100.
According to TipRanks data, the analyst has a success rate of 63.5% and a total average return of 5.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Celanese Corp (CE.US)$'s main analysts recently are as follows:
The expectation is that Celanese's EPS potential has been recalibrated from the peak influenced by demand and supply disruptions due to COVID in 2021, to a more consistent range projected for 2025. It is anticipated that the stock will remain mostly stable until there is more clear information regarding the broader economic conditions and the funding landscape.
The recent earnings report for Celanese does not significantly change the perception of the company's asset quality. However, it necessitates a reassessment of the capital structure and shareholder confidence in management.
The firm has recognized the impact of the stock's significant decline post-Q3 earnings announcement. The shortfall in Q3 and the projected Q4 figures beneath consensus were anticipated, in light of the swift deceleration in the Western Hemisphere's automotive and industrial sectors. This was particularly noticeable within the European automobile industry, and was compounded by sluggish demand in the paints, coatings, and construction sectors—a trend that has been echoed by nearly every chemical company in this earnings season.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
