Robert W. Baird Remains a Buy on Celanese Corp

Robert W. Baird analyst Ghansham Panjabi reiterated a Buy rating on Celanese Corp (NYSE: CE) on October 10 and set a price target of $105. The company’s shares opened today at $106.52, close to its 52-week high of $109.09.

According to TipRanks.com, Panjabi is a 5-star analyst with an average return of 14.7% and a 83.6% success rate. Panjabi covers the Consumer Goods sector, focusing on stocks such as Multi Packaging Solutions, Sherwin-Williams Company, and Axalta Coating Systems.

Currently, the analyst consensus on Celanese Corp is Moderate Buy and the average price target is $105, representing a -1.4% downside.

In a report issued on September 29, KeyBanc also reiterated a Buy rating on the stock with a $106 price target.

Celanese Corp’s market cap is currently $14.67B and has a P/E ratio of 18.09. The company has a book value ratio of 5.4449.

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Celanese Corp. is a technology and specialty materials company that engineers and manufactures a wide variety of products essential to everyday living. The company operates through the following segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates.

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