With 3.24 million shares changed hands, the volume of the stock remained heavier than its average volume of 3.06 million shares. The 52-week range on CE shows that it touched its highest point at $172.16 and its lowest point at $45.94 during that stretch. It currently has a 1-year price target of $62.37. With its current market cap of 5.93 billion, CE has annualized dividend of $2.13 while the current yield stands at 3.93%. Beta for the stock currently stands at 1.13.
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 15.31%, but this was down by -21.29% over a month. Three-month performance dropped to -23.53% while six-month performance fell -55.35%. The stock lost -64.21% in the past year, while it has lost -21.66% so far this year. A look at the trailing 12-month EPS for CE yields -13.92 with Next year EPS estimates of 7.90. For the next quarter, that number is 0.46. This implies an EPS growth rate of -31.85% for this year and 38.54% for next year.
Float and Shares Shorts:
At present, 109.33 million CE shares are outstanding with a float of 108.83 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 $1.82 and the low estimate is $1.25. The average estimate for the next quarter is thus $1.45.
