Evercore ISI Cuts Celanese (NYSE:CE) Price Target to $45.00

Celanese (NYSE:CE) had its price target cut by equities research analysts at Evercore ISI from $75.00 to $45.00 in a research report issued on Tuesday,Benzinga reports. The firm currently has an “in-line” rating on the basic materials company’s stock. Evercore ISI’s target price would suggest a potential upside of 9.25% from the company’s previous close.

CE has been the subject of a number of other research reports. Mizuho lifted their price target on Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Royal Bank Of Canada set a $43.00 target price on Celanese in a research report on Tuesday, October 14th. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Robert W. Baird reduced their price target on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Celanese in a research note on Wednesday, October 8th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $54.33.

Celanese Stock Down 0.2%

CE traded down $0.10 on Tuesday, hitting $41.19. 77,994 shares of the company were exchanged, compared to its average volume of 2,612,143. The stock’s fifty day moving average is $42.32 and its 200-day moving average is $48.99. Celanese has a 12 month low of $35.48 and a 12 month high of $78.10. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The company has a market cap of $4.51 billion, a PE ratio of -2.77, a PEG ratio of 1.86 and a beta of 1.17.

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

Insider Transactions at Celanese

In other news, Director Timothy Go acquired 1,039 shares of Celanese stock in a transaction dated Monday, September 8th. The shares were bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the purchase, the director owned 4,415 shares in the company, valued at $204,193.75. This trade represents a 30.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Celanese

Several institutional investors and hedge funds have recently made changes to their positions in CE. Counterpoint Mutual Funds LLC increased its holdings in Celanese by 256.6% in the third quarter. Counterpoint Mutual Funds LLC now owns 20,274 shares of the basic materials company’s stock worth $853,000 after purchasing an additional 14,589 shares in the last quarter. AXQ Capital LP bought a new position in Celanese during the third quarter worth $1,302,000. AMG National Trust Bank boosted its stake in Celanese by 270.1% during the third quarter. AMG National Trust Bank now owns 70,322 shares of the basic materials company’s stock worth $2,959,000 after acquiring an additional 51,322 shares in the last quarter. Muhlenkamp & Co. Inc. increased its stake in Celanese by 22.0% in the third quarter. Muhlenkamp & Co. Inc. now owns 184,455 shares of the basic materials company’s stock valued at $7,762,000 after purchasing an additional 33,247 shares in the last quarter. Finally, GSA Capital Partners LLP raised its holdings in shares of Celanese by 29.6% during the third quarter. GSA Capital Partners LLP now owns 29,638 shares of the basic materials company’s stock valued at $1,247,000 after purchasing an additional 6,767 shares during the period. Institutional investors own 98.87% of the company’s stock.

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.