Celanese (NYSE:CE) Upgraded by Wells Fargo & Company to “Overweight” Rating

Celanese (NYSE:CE) was upgraded by investment analysts at Wells Fargo & Company from an “equal weight” rating to an “overweight” rating in a research report issued on Friday, MarketBeat reports. The brokerage currently has a $70.00 target price on the basic materials company’s stock, up from their prior target price of $55.00. Wells Fargo & Company‘s price objective would indicate a potential upside of 18.64% from the stock’s previous close.

Other equities analysts also recently issued reports about the stock. Royal Bank Of Canada upped their target price on shares of Celanese from $48.00 to $55.00 and gave the stock a “sector perform” rating in a research note on Monday, February 23rd. Citigroup lifted their price target on shares of Celanese from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a report on Monday. Vertical Research raised Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective on the stock in a research note on Monday. Finally, JPMorgan Chase & Co. lifted their target price on Celanese from $40.00 to $53.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Ten research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, Celanese presently has a consensus rating of “Hold” and a consensus target price of $60.56.

Celanese Trading Down 1.0%

CE stock traded down $0.60 during midday trading on Friday, reaching $59.00. The company’s stock had a trading volume of 1,003,258 shares, compared to its average volume of 2,567,910. Celanese has a 1 year low of $35.13 and a 1 year high of $63.55. The firm has a market capitalization of $6.46 billion, a price-to-earnings ratio of -5.56, a PEG ratio of 0.39 and a beta of 1.07. The stock has a fifty day simple moving average of $50.11 and a two-hundred day simple moving average of $44.84. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.94 and a current ratio of 1.55.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The company had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The company’s revenue for the quarter was down 6.5% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. On average, equities research analysts predict that Celanese will post 8.79 EPS for the current year.

Institutional Trading of Celanese

Several hedge funds and other institutional investors have recently bought and sold shares of CE. Federated Hermes Inc. increased its holdings in shares of Celanese by 182.1% in the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock valued at $281,157,000 after acquiring an additional 3,280,109 shares during the period. Norges Bank purchased a new position in shares of Celanese in the 2nd quarter worth approximately $114,934,000. Royal Bank of Canada raised its stake in shares of Celanese by 1,539.8% during the 4th quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock worth $90,192,000 after acquiring an additional 2,003,127 shares in the last quarter. Capital Research Global Investors boosted its stake in Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after acquiring an additional 1,076,645 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. grew its holdings in Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

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.