JPMorgan Chase & Co. Issues Positive Forecast for Celanese (NYSE:CE) Stock Price

Celanese (NYSE:CE) had its price objective upped by JPMorgan Chase & Co. from $53.00 to $68.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has a neutral rating on the basic materials company’s stock.

Other equities research analysts have also issued research reports about the stock. Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a report on Monday, March 9th. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Morgan Stanley raised their price target on shares of Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a report on Tuesday. Royal Bank Of Canada set a $66.00 target price on shares of Celanese and gave the stock a “sector perform” rating in a research report on Friday, April 10th. Finally, Evercore set a $63.00 price target on shares of Celanese in a research report on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $67.35.

Celanese Price Performance

NYSE CE traded down $1.31 on Thursday, hitting $57.09. The stock had a trading volume of 492,251 shares, compared to its average volume of 2,480,697. Celanese has a 52-week low of $35.13 and a 52-week high of $70.70. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.94 and a current ratio of 1.38. The company has a market capitalization of $6.26 billion, a price-to-earnings ratio of -5.71, a price-to-earnings-growth ratio of 0.39 and a beta of 0.81. The firm has a 50-day moving average of $60.36 and a 200-day moving average of $49.97.

Celanese (NYSE:CE) last posted its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the business posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities analysts expect that Celanese will post 5.4 EPS for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Stockholders of record on Monday, April 27th will be paid a $0.03 dividend. The ex-dividend date is Monday, April 27th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Celanese’s payout ratio is currently -1.20%.

Institutional Trading of Celanese

A number of large investors have recently made changes to their positions in CE. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Celanese by 41.7% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock worth $1,842,000 after acquiring an additional 9,543 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of Celanese by 265.2% in the first quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after buying an additional 3,654 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in Celanese by 144.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 755 shares in the last quarter. Baird Financial Group Inc. raised its stake in Celanese by 42.1% during the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after purchasing an additional 2,303 shares in the last quarter. Finally, California Public Employees Retirement System raised its stake in Celanese by 6.5% during the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock valued at $10,235,000 after purchasing an additional 11,347 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.