Celanese Corporation (CE) – What Are Investment Firms Thinking About This Stock?

Celanese Corporation (NYSE:CE) has received a consensus rating of “Moderate Buy” from the nineteen brokerages that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, eight have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $60.38.

A number of research firms have recently commented on CE. BMO Capital Markets lowered their target price on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. KeyCorp began coverage on Celanese in a research note on Thursday, September 10th. They set an “overweight” rating and a $57.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Royal Bank Of Canada upped their price target on shares of Celanese from $45.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday, October 13th. Finally, Bank of America cut their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th.

Insider Activity at Celanese

In other Celanese news, SVP Mark Murray acquired 2,153 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the purchase, the senior vice president owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Celanese

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. acquired a new position in Celanese during the 2nd quarter valued at about $614,675,000. Turtle Creek Asset Management Inc. increased its stake in Celanese by 18.1% during the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,547,744 shares of the basic materials company’s stock valued at $167,565,000 after purchasing an additional 391,204 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Celanese by 83.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after acquiring an additional 993,193 shares during the period. Bank of America Corp DE purchased a new stake in Celanese during the 2nd quarter valued at about $62,580,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Celanese in the second quarter worth about $44,564,000. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Performance

Shares of NYSE CE opened at $47.70 on Wednesday. The stock has a market cap of $5.24 billion, a PE ratio of -4.46, a price-to-earnings-growth ratio of 0.34 and a beta of 0.76. Celanese has a 1 year low of $35.13 and a 1 year high of $70.70. The firm has a fifty day moving average price of $45.74 and a 200-day moving average price of $50.43. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87.

Celanese (NYSE:CE) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. The business’s quarterly revenue was up 8.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities analysts anticipate that Celanese will post 6.00 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 27th. Celanese’s payout ratio is currently -1.12%.

About Celanese

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.