Texas (June 24, 2014) Wax Ink has issued a Negative Investment Interest opinion for Celanese Corporation (NYSE: CE). The value alert is based on a recent intrinsic value review that placed fair value for the company between $36-$44.
A Negative Investment Interest opinion (sell) means that the current key performance indicators (KPIs) do not favor retention of the stock as a active investment at this time.
The recent close of $64.69 is approximately 202% above the fair value buy target for the stock and approximately 47% above the fair value close target for the stock. The recent close is also 5% below analysts' twelve-month $68.00 median price target for the stock.
The recent close represents a 40% increase in the one-year price of the stock, while year-over-year sales increased 1%, year-over-year earnings decreased 52%, year-over-year debt increased 1%, and year-over-year free cash flow decreased 54%.
The stock currently has a trailing twelve-month PE Ratio of 35, and a PEG Ratio of 3.2 basis estimated forward earnings growth of 11%.
In the past 52 weeks, share prices have moved between a high of $65.17 and a low of $43.57, placing equilibrium at $58.47.
With the recent close, the stock is trading 1% below the 52 week high, 33% above the 52 week low, and 10% above equilibrium.
The three-month average daily trading volume for this stock is approximately 929 thousand shares and the average daily volume is approximately 527 thousand shares. There are approximately 1.03 million short interest shares which places the days to cover at 2.92.
Celanese Corporation manufactures chemical products, with a portfolio consisting of Acetyl Products, Chemical Intermediates, Acetate Products, Technical Polymers Ticona and Performance Products. The company has 29 production plants, with major operations in North America, Europe and Asia.
The company's listed competitors include BASF SE, LANXESS Aktiengesellschaft,and Methanex Corporation.
Financial information contained herein, was obtained from the company's most recent annual SEC filing for year ending December 31, 2013 and all prices are per share unless otherwise noted.
Wax Ink currently has no investment position in any company mentioned in this alert.
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Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.