With 1.51 million shares changed hands, the volume of the stock remained lighter than its average volume of 4.03 million shares. The 52-week range on CE shows that it touched its highest point at $158.60 and its lowest point at $36.29 during that stretch. It currently has a 1-year price target of $57.32. With its current market cap of 5.86 billion, CE has annualized dividend of $1.46 while the current yield stands at 2.73%. Beta for the stock currently stands at 1.14.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of CE was up-trending over the past week, with a rise of 4.51%, but this was up by 42.61% over a month. Three-month performance dropped to -21.36% while six-month performance fell -29.31%. The stock lost -66.49% in the past year, while it has lost -22.67% so far this year. A look at the trailing 12-month EPS for CE yields -15.21 with Next year EPS estimates of 6.87. For the next quarter, that number is 1.40. This implies an EPS growth rate of -38.59% for this year and 33.58% for next year.
Float and Shares Shorts:
At present, 109.40 million CE shares are outstanding with a float of 108.85 million shares on hand for trading.
Analysts Ratings:
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for CE since 13 analysts follow the stock currently. There are 9 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 4 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. Analysts have provided yearly estimates in a range of $8.1572 being high and $7.97726 being low. For CE, this leads to a yearly average estimate of $8.10722. Based on analyst estimates, the high estimate for the next quarter is $1.87 and the low estimate is $1.35. The average estimate for the next quarter is thus $1.69.
