Celanese Corporation (NYSE:CE) Receives $63.88 Average PT from Analysts

Shares of Celanese Corporation (NYSE:CE) have received an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and nine have given a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $63.4667.

CE has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price target on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research note on Thursday, August 6th. Wall Street Zen downgraded shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Deutsche Bank Aktiengesellschaft set a $50.00 price target on shares of Celanese in a research report on Thursday, August 6th. Finally, Morgan Stanley cut their price target on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th.

Insider Activity at Celanese

In related news, SVP Mark Christopher Murray purchased 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.34% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CE. Geneos Wealth Management Inc. grew its holdings in shares of Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 331 shares during the last quarter. National Bank of Canada FI acquired a new position in Celanese in the third quarter valued at about $34,000. UMB Bank n.a. grew its stake in Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares during the last quarter. Finally, Hartford Financial Management Inc. grew its stake in Celanese by 350.5% during the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after buying an additional 701 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

Celanese Trading Up 2.5%

Shares of CE opened at $44.39 on Friday. The stock’s 50-day moving average price is $47.33 and its 200 day moving average price is $53.85. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. Celanese has a 12-month low of $35.13 and a 12-month high of $70.70. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of -4.15, a P/E/G ratio of 0.28 and a beta of 0.76.

Celanese (NYSE:CE) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.Celanese’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the firm earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, research analysts predict that Celanese will post 5.94 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. Celanese’s dividend payout ratio is presently -1.12%.

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.