Celanese (NYSE:CE) Shares Down 6.3% – What’s Next?

Celanese Corporation (NYSE:CE)’s stock price fell 6.3% during mid-day trading on Wednesday . The company traded as low as $42.21 and last traded at $42.41. Approximately 773,708 shares traded hands during trading, a decline of 65% from the average session volume of 2,215,247 shares. The stock had previously closed at $45.24.

Wall Street Analysts Forecast Growth

CE has been the topic of a number of research reports. Bank of America dropped their price target on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. Citigroup lowered their target price on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Morgan Stanley cut their price target on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. boosted their price target on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, May 7th. Ten investment analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $63.88.

Celanese Price Performance

The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.85. The stock has a market capitalization of $4.90 billion, a P/E ratio of -4.17, a PEG ratio of 0.27 and a beta of 0.76. The stock’s fifty day moving average is $48.38 and its 200-day moving average is $53.95.

Celanese (NYSE:CE) last posted its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating the consensus estimate of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. During the same period last year, the company earned $1.44 earnings per share. The business’s revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities analysts anticipate that Celanese Corporation will post 6.01 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, August 10th. Investors of record on Tuesday, July 28th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is presently -1.12%.

Institutional Investors Weigh In On Celanese

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 buying an additional 9,543 shares during the last quarter. NewEdge Advisors LLC raised its holdings in Celanese by 265.2% in the 1st quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after acquiring an additional 3,654 shares during the period. EverSource Wealth Advisors LLC lifted its position in Celanese by 144.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock worth $71,000 after acquiring an additional 755 shares during the last quarter. Baird Financial Group Inc. lifted its position in Celanese by 42.1% during the 2nd quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock worth $430,000 after acquiring an additional 2,303 shares during the last quarter. Finally, California Public Employees Retirement System boosted its holdings 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 acquiring an additional 11,347 shares during the period. Institutional investors own 98.87% of the company’s stock.

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.