Dunn-Edwards Corporation is partnering with Celanese (CE, Financial) to lower greenhouse gas emissions by adopting Carbon Capture and Utilization (CCU) technology. This initiative aims to introduce a more sustainable approach to architectural coatings in the U.S. market.
The innovative process involves creating paint ingredients from carbon dioxide emissions that have been captured during industrial activities. This environmentally friendly method not only reduces emissions but also transforms waste gases into valuable products, marking a significant advancement in sustainable manufacturing.
By integrating CCU technology, Dunn-Edwards and Celanese (CE, Financial) are taking pivotal steps toward developing eco-conscious paints and coatings, offering a sustainable solution to an industry traditionally linked with high emissions. This collaboration underscores their commitment to environmental responsibility and innovation within the coatings sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 20 analysts, the average target price for Celanese Corp (CE, Financial) is $60.41 with a high estimate of $165.00 and a low estimate of $40.00. The average target implies an upside of 49.64% from the current price of $40.37. More detailed estimate data can be found on the Celanese Corp (CE) Forecast page.
Based on the consensus recommendation from 21 brokerage firms, Celanese Corp's (CE, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Celanese Corp (CE, Financial) in one year is $121.00, suggesting a upside of 199.76% from the current price of $40.3661. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Celanese Corp (CE) Summary page.
