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 is currently trading up about 0.3% midday Friday.