Celanese (NYSE:CE) Price Target Raised to $49.00

Celanese (NYSE:CE) had its target price increased by analysts at UBS Group from $48.00 to $49.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price target indicates a potential upside of 19.15% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating for the company in a research note on Thursday, August 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Royal Bank Of Canada set a $43.00 target price on shares of Celanese in a research note on Tuesday, October 14th. KeyCorp dropped their price target on shares of Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research note on Wednesday, August 13th. Finally, Evercore ISI reduced their price objective on shares of Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a research note on Tuesday. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $54.78.

Celanese Price Performance

CE stock traded down $0.28 during trading on Wednesday, hitting $41.13. The company had a trading volume of 44,131 shares, compared to its average volume of 2,610,481. The company has a fifty day moving average price of $42.22 and a two-hundred day moving average price of $48.98. Celanese has a fifty-two week low of $35.48 and a fifty-two week high of $77.43. The company has a market cap of $4.50 billion, a P/E ratio of -2.76, a P/E/G ratio of 1.86 and a beta of 1.17. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last issued its earnings results on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, beating the consensus estimate of $1.27 by $0.07. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company earned $2.44 EPS. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Equities research analysts expect that Celanese will post 8.79 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Timothy Go purchased 1,039 shares of Celanese stock in a transaction dated Monday, September 8th. The stock was bought at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. This represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Celanese

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. M&T Bank Corp lifted its holdings in shares of Celanese by 31.7% in the first quarter. M&T Bank Corp now owns 7,293 shares of the basic materials company’s stock valued at $414,000 after purchasing an additional 1,757 shares in the last quarter. Cerity Partners LLC boosted its position in Celanese by 1,432.6% during the 1st quarter. Cerity Partners LLC now owns 136,539 shares of the basic materials company’s stock worth $7,751,000 after acquiring an additional 127,630 shares during the last quarter. Mutual of America Capital Management LLC grew its stake in shares of Celanese by 21.7% during the 1st quarter. Mutual of America Capital Management LLC now owns 15,917 shares of the basic materials company’s stock worth $904,000 after acquiring an additional 2,840 shares in the last quarter. CWM LLC raised its holdings in shares of Celanese by 17.0% in the first quarter. CWM LLC now owns 3,781 shares of the basic materials company’s stock valued at $215,000 after purchasing an additional 548 shares during the last quarter. Finally, Wealthfront Advisers LLC lifted its position in shares of Celanese by 2,578.9% in the first quarter. Wealthfront Advisers LLC now owns 88,564 shares of the basic materials company’s stock worth $5,028,000 after purchasing an additional 85,258 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.