BMO Capital Markets downgraded shares of Celanese (NYSE:CE) from an outperform rating to a market perform rating in a research note released on Tuesday morning, Marketbeat.com reports. They currently have $107.00 target price on the basic materials company’s stock.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Celanese from a strong-buy rating to a hold rating in a report on Monday, September 24th. Nomura reduced their price target on Celanese from $120.00 to $108.00 and set a neutral rating on the stock in a report on Monday, October 15th. ValuEngine downgraded Celanese from a hold rating to a sell rating in a report on Tuesday, October 2nd. Vertical Research upgraded Celanese from a hold rating to a buy rating and set a $125.00 price target on the stock in a report on Wednesday, October 17th. Finally, Citigroup reduced their price target on Celanese from $134.00 to $118.00 and set a buy rating on the stock in a report on Thursday, October 11th. Three investment analysts have rated the stock with a sell rating, five have given a hold rating and ten have issued a buy rating to the company’s stock. Celanese presently has a consensus rating of Hold and a consensus target price of $117.42.

CE stock traded up $0.39 during mid-day trading on Tuesday, hitting $94.82. 26,344 shares of the stock were exchanged, compared to its average volume of 2,770,038. The firm has a market cap of $12.58 billion, a P/E ratio of 12.59, a price-to-earnings-growth ratio of 0.84 and a beta of 1.40. The company has a quick ratio of 1.40, a current ratio of 2.08 and a debt-to-equity ratio of 0.81. Celanese has a 12 month low of $82.91 and a 12 month high of $119.29.

Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, October 18th. The basic materials company reported $2.96 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.74 by $0.22. The firm had revenue of $1.77 billion for the quarter, compared to the consensus estimate of $1.81 billion. Celanese had a return on equity of 39.39% and a net margin of 18.57%. The company’s quarterly revenue was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.93 earnings per share. As a group, research analysts expect that Celanese will post 11.09 EPS for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. CENTRAL TRUST Co raised its stake in Celanese by 17.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,282 shares of the basic materials company’s stock valued at $115,000 after buying an additional 190 shares during the last quarter. First Bank & Trust increased its stake in shares of Celanese by 106.4% in the 3rd quarter. First Bank & Trust now owns 1,092 shares of the basic materials company’s stock worth $127,000 after purchasing an additional 563 shares in the last quarter. Parallel Advisors LLC increased its stake in shares of Celanese by 875.0% in the 3rd quarter. Parallel Advisors LLC now owns 1,170 shares of the basic materials company’s stock worth $133,000 after purchasing an additional 1,050 shares in the last quarter. Capital Guardian Trust Co. purchased a new stake in shares of Celanese in the 3rd quarter worth $189,000. Finally, Quantum Capital Management purchased a new stake in shares of Celanese in the 2nd quarter worth $208,000. Institutional investors and hedge funds own 96.39% of the company’s stock.

Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells value-added chemicals, thermoplastic polymers, and other chemical-based products worldwide. The company operates through Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, and Acetyl Intermediates segments.

Featured Article: Discount Rate

Analyst Recommendations for Celanese (NYSE:CE)

Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.