Celanese Corporation (NYSE:CE) Stock Has Consensus Price Target of $63.27

Shares of Celanese Corporation (NYSE:CE) have been given a consensus recommendation of “Moderate Buy” by the eighteen analysts that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $63.27.

Several analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft set a $50.00 price objective on shares of Celanese in a report on Thursday, August 6th. Mizuho set a $50.00 target price on shares of Celanese in a report on Wednesday, August 5th. Wall Street Zen cut shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. BMO Capital Markets dropped their price objective on Celanese from $57.00 to $54.00 and set a “market perform” rating on the stock in a research note on Wednesday, August 5th. Finally, Morgan Stanley cut their price objective on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th.

Insider Buying and Selling

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was bought at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the acquisition, the senior vice president directly owned 30,432 shares in the company, valued at $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celanese

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Childress Capital Advisors LLC boosted its holdings in shares of Celanese by 3.6% in the 1st quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock worth $367,000 after buying an additional 192 shares during the last quarter. AdvisorNet Financial Inc increased its holdings in Celanese by 14.5% during the first quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock worth $119,000 after buying an additional 230 shares during the last quarter. Deseret Mutual Benefit Administrators increased its holdings in Celanese by 20.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock worth $59,000 after buying an additional 240 shares during the last quarter. Bessemer Group Inc. raised its position in Celanese by 7.1% in the first quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock worth $262,000 after acquiring an additional 262 shares during the period. Finally, Fruth Investment Management boosted its stake in Celanese by 3.4% in the first quarter. Fruth Investment Management now owns 9,115 shares of the basic materials company’s stock valued at $599,000 after acquiring an additional 300 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

CE opened at $46.01 on Friday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45. The company has a market cap of $5.05 billion, a PE ratio of -4.30, a price-to-earnings-growth ratio of 0.31 and a beta of 0.76. The stock has a 50-day moving average of $45.44 and a 200-day moving average of $52.44. Celanese has a 52-week low of $35.13 and a 52-week high of $70.70.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the business earned $1.44 EPS. The firm’s revenue was up 8.7% compared to the same quarter last year. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities research analysts forecast that Celanese will post 6 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -1.12%.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered polymers, specialty chemicals and other materials used in a broad range of industries, including automotive, medical, electronics, consumer products, industrial equipment, coatings and packaging.

Celanese operates through two primary businesses: Engineered Materials and the Acetyl Chain. Its engineered materials portfolio includes high-performance thermoplastics, engineered polymers and other specialty compounds used to replace metal and conventional materials in demanding applications.