Wells Fargo & Company Has Lowered Expectations for Celanese (NYSE:CE) Stock Price

Celanese (NYSE:CE) had its price target lowered by research analysts at Wells Fargo & Company from $57.00 to $55.00 in a research report issued to clients and investors on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 33.04% from the stock’s current price.

CE has been the subject of a number of other reports. Alembic Global Advisors set a $60.00 price target on Celanese in a research note on Monday, August 25th. Mizuho boosted their price target on shares of Celanese from $50.00 to $59.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Cfra Research raised shares of Celanese to a “moderate sell” rating in a report on Tuesday, August 12th. Zacks Research lowered Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Finally, UBS Group lowered their price objective on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Seven equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $56.00.

Celanese Trading Up 0.1%

Shares of CE traded up $0.04 on Monday, hitting $41.34. 373,380 shares of the stock traded hands, compared to its average volume of 2,606,651. Celanese has a 1 year low of $35.48 and a 1 year high of $84.37. The stock’s 50 day moving average is $42.45 and its two-hundred day moving average is $49.01. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22. The firm has a market capitalization of $4.53 billion, a P/E ratio of -2.79, a P/E/G 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 (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $2.42 billion for 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 company’s quarterly revenue was down 8.6% on a year-over-year basis. During the same period last year, the company earned $2.44 earnings per share. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, sell-side analysts predict that Celanese will post 8.79 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Timothy Go purchased 1,039 shares of the business’s stock in a transaction dated Monday, September 8th. The shares were acquired at an average price of $46.25 per share, with a total value of $48,053.75. Following the completion of the purchase, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. The trade was a 30.78% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.33% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celanese

Hedge funds have recently modified their holdings of the business. Strengthening Families & Communities LLC increased its stake in Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock valued at $25,000 after acquiring an additional 186 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares in the last quarter. Summit Securities Group LLC bought a new stake in Celanese in the 1st quarter valued at about $30,000. SBI Securities Co. Ltd. grew its holdings in shares of Celanese by 55.4% during the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after buying an additional 222 shares during the last quarter. Finally, Versant Capital Management Inc boosted its holdings in Celanese by 140.4% during the 3rd quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock worth $35,000 after acquiring an additional 483 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Company Profile

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.