Celanese (NYSE:CE) Price Target Cut to $60.00 by Analysts at Wells Fargo & Company

Celanese (NYSE:CE) had its price target reduced by Wells Fargo & Company from $65.00 to $60.00 in a research note published on Thursday,Benzinga reports. They currently have an overweight rating on the basic materials company’s stock.

Several other equities research analysts have also recently weighed in on the stock. JPMorgan Chase & Co. increased their price objective on shares of Celanese from $76.00 to $77.00 and gave the stock an “overweight” rating in a research report on Wednesday. Royal Bank Of Canada boosted their target price on shares of Celanese from $45.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, October 13th. KeyCorp assumed coverage on shares of Celanese in a research report on Thursday, September 10th. They set an “overweight” rating and a $57.00 price target on the stock. Citigroup increased their price target on Celanese from $58.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, BMO Capital Markets lowered their price objective on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Celanese presently has a consensus rating of “Moderate Buy” and an average price target of $61.56.

Celanese Stock Performance

NYSE:CE opened at $47.95 on Thursday. The company has a market capitalization of $5.26 billion, a PE ratio of 8.85, a P/E/G ratio of 0.35 and a beta of 0.72. The company has a 50 day simple moving average of $46.34 and a two-hundred day simple moving average of $51.44. The company has a debt-to-equity ratio of 2.19, a quick ratio of 0.87 and a current ratio of 1.26. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $70.70.

Celanese (NYSE:CE) last issued its quarterly earnings results on Monday, November 2nd. The basic materials company reported $1.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.56 by $0.09. Celanese had a net margin of 2.66% and a return on equity of 13.63%. The firm had revenue of $2.56 billion for the quarter, compared to the consensus estimate of $2.62 billion. During the same quarter in the previous year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Research analysts anticipate that Celanese will post 6.04 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 27th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s payout ratio is -1.12%.

Insider Buying and Selling

In related news, SVP Mark Murray acquired 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was purchased at an average cost of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.34% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. bought a new stake in shares of Celanese in the 2nd quarter worth approximately $614,675,000. Bank of America Corp DE purchased a new position in shares of Celanese during the second quarter valued at approximately $62,580,000. Dimensional Fund Advisors LP lifted its position in shares of Celanese by 83.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after purchasing an additional 993,193 shares during the period. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Celanese during the 2nd quarter valued at about $44,564,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Celanese during the 2nd quarter valued at about $31,261,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese News Summary

Here are the key news stories impacting Celanese this week:

• Positive Sentiment: Earnings beat: Celanese reported quarterly EPS of $1.65, above the $1.56 consensus, and shares were reported to have gapped up after the results. Revenue of $2.56 billion was below the $2.62 billion estimate, though it grew 5.7% year over year. Celanese Shares Gap Up After Strong Earnings
• Positive Sentiment: Higher analyst targets: Citi raised its target to $65 and assigned a Buy rating; JPMorgan lifted its target to $77 and maintained Overweight; Deutsche Bank raised its target to $60 and maintained Buy. These revisions signal confidence in potential recovery and upside. Deutsche Bank Adjusts Celanese Price Target
• Positive Sentiment: Cash-flow outlook: Celanese is targeting $700 million–$800 million in free cash flow in 2027, with cost reductions and lower interest expenses expected to contribute. Celanese Targets 2027 Free Cash Flow
• Positive Sentiment: Pricing and product opportunity: The company announced price increases for select polyamide and polyester products in Asia, potentially supporting revenue and margins. It also partnered with Röchling to expand lower-carbon POM applications, adding a sustainability-focused growth opportunity. Celanese Increases Select Prices in Asia Celanese Partners With Rochling
• Neutral Sentiment: Barclays raised its target to $57 but kept an Equal Weight rating, indicating a more measured view than the Buy and Overweight calls. Barclays Forecast for Celanese
• Negative Sentiment: Wells Fargo cut its target from $65 to $60, although it retained an Overweight rating. Separately, coverage highlighted questions about whether improved guidance will translate into stronger cash flow; the quarterly revenue miss adds to execution concerns. Wells Fargo Lowers Celanese Price Target Celanese Stock Earnings Beat Raises Cash Flow Question

Celanese Company Profile

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.