The shares of Celanese Corporation (NYSE:CE) has been pegged with a rating of Buy by Citigroup in its latest research note that was published on March 25, 2020. The Basic Materials company has also assigned a $88 price target. Citigroup wasn’t the only research firm that published a report of Celanese Corporation, with other equities research analysts also giving their opinion on the stock. The stock had earned Sector Outperform rating from Scotiabank Markets when it published its report on March 19, 2020. That day the Scotiabank set price target on the stock to $117. The stock was given Neutral rating by BofA/Merrill in its report released on February 03, 2020, the day when the price target on the stock was placed at 110. Citigroup was of a view that CE is Neutral in its latest report on January 07, 2020. Cowen thinks that CE is worth Market Perform rating. This was contained in the firm’s report on November 13, 2019 in which the stock’s price target was also moved to 120.
Amongst the analysts that rated the stock, 0 have recommended investors to sell it, 10 believe it has the potential for further growth, thus rating it as Hold while 8 advised investors to purchase the stock. The consensus currently stands at a Overweight while its average price target is $108.00. The price of the stock the last time has raised by 38.27% from its 52-Week high price while it is -43.46% than its 52-Week low price. A look at the stock’s other technical shows that its 14-day RSI now stands at 42.14.
The shares of the company added by 8.91% during the trading session on Wednesday, reaching a low of $65.59 while ending the day at $72.87. During the trading session, a total of 1.43 million shares were traded which represents a -34.93% decline from the average session volume which is 1.06 million shares. CE had ended its last session trading at $66.91. Celanese Corporation currently has a market cap of $8.76 billion, while its P/E ratio stands at 10.68, while its P/E earnings growth sits at 1.30, with a beta of 1.53. Celanese Corporation debt-to-equity ratio currently stands at 1.56, while its quick ratio hovers at 1.00 CE 52-week low price stands at $52.70 while its 52-week high price is $128.88.
The company in its last quarterly report recorded $1.99 earnings per share which is below the predicted by most analysts. The Celanese Corporation generated 463.0 million in revenue during the last quarter. In the second quarter last year, the firm recorded $2.53 earnings per share. Compared to the same quarter last year, the firm’s revenue was down by -31.66%. Celanese Corporation has the potential to record 10.51 EPS for the current fiscal year, according to equities analysts.
Investment analysts at Evercore ISI published a research note on March 25, 2020 where it informed investors and clients that American Campus Communities Inc. (NYSE:ACC) is now rated as Outperform. Their price target on the stock stands at $37. Goldman also rated ACC as Initiated on November 08, 2019, with its price target of $53 suggesting that ACC could surge by 45.69% from its current share price. Even though the stock has been trading at $24.46/share, analysts expect it to surge by 15.70% to reach $52.11/share. It started the day trading at $30.11 and traded between $24.08 and $28.30 throughout the trading session.
A look at its technical shows that ACC’s 50-day SMA is 42.17 while its 200-day SMA stands at 46.08. The stock has a high of $50.94 for the year while the low is $20.13. The stock, however, witnessed a rise in its short on 03/13/20. Compared to previous close which recorded 2.28 M shorted shares, the short percentage went lower by -5.41%, as 2.16M CE shares were shorted. At the moment, only 1.67% of American Campus Communities Inc. shares were sold short. The company’s P/E ratio currently sits at 47.09, while the P/B ratio is 1.18. The company’s average trading volume currently stands at 1.06M shares, which means that the short-interest ratio is just 2.16 days. Over the past seven days, the company moved, with its shift of 24.07%. Looking further, the stock has dropped -38.40% over the past 90 days while it lost -40.47% over the last six months.
The change in the stock’s fortunes has led to several institutional investors altering their holdings of the stock. The The Vanguard Group, Inc. bought more ACC shares, increasing its portfolio by 0.43% during the last quarter. This move now sees The The Vanguard Group, Inc. purchasing 85,249 shares in the last quarter, thus it now holds 20,078,396 shares of ACC, with a total valuation of $872,205,522. BlackRock Fund Advisors meanwhile bought more ACC shares in the recently filed quarter, changing its stake to $615,118,480 worth of shares.
Similarly, T. Rowe Price Associates, Inc. (I… increased its American Campus Communities Inc. shares by 3.73% during the recently filed quarter. After buying 7,535,460 shares in the last quarter, the firm now controls 270,796 shares of American Campus Communities Inc. which are valued at $327,340,382. In the same vein, SSgA Funds Management, Inc. increased its American Campus Communities Inc. shares by during the most recent reported quarter. The firm sold 732,827 shares during the quarter which increased its stakes to 6,597,318 shares and is now valued at $286,587,494. Following these latest developments, around 0.80% of American Campus Communities Inc. stocks are owned by institutional investors and hedge funds.