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Analyst Favorites With Strong Buyback Activity: Celanese Corp Ranks As a Top Pick

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A study of analyst recommendations at the major brokerages shows that Celanese Corp (Symbol: CE) is the #26 broker analyst pick among those stocks screened by The Online Investor for strong stock buyback activity. To make that list, a stock must have repurchased at least 5% of its outstanding shares over the trailing twelve month period. In forming the rank, the analyst opinions from the major brokerage houses were tallied, and averaged; then, the list of stocks with strong buyback activity was ranked according to those averages.

According to the ETF Finder at ETF Channel, CE makes up 3.35% of the PowerShares DWA Basic Materials Momentum Portfolio ETF ( PYZ ) which is trading up by about 1% on the day Friday.

CE operates in the Specialty Chemicals sector, among companies like Praxair Inc ( PX ) which is off about 1% today, and Sherwin-Williams Co ( SHW ) trading higher by about 0.5%. Below is a three month price history chart comparing the stock performance of CE, versus PX and SHW.

CE,PX,SHW Relative Performance Chart

CE is currently trading up about 0.3% midday Friday.

Top Analyst Picks With Strong Stock Buyback Activity »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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