Brokerages Set Celanese Corporation (NYSE:CE) Price Target at $56.11

Celanese Corporation (NYSE:CE) has been given a consensus rating of “Hold” by the twenty research firms that are presently covering the company, MarketBeat reports. Three research analysts have rated the stock with a sell recommendation, ten have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $56.1111.

A number of research analysts have recently issued reports on the company. Mizuho boosted their price objective on Celanese from $50.00 to $59.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. dropped their price target on Celanese from $47.00 to $40.00 and set a “neutral” rating on the stock in a research note on Thursday, August 14th. Robert W. Baird reduced their price objective on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a research report on Wednesday, August 13th. Cfra Research upgraded shares of Celanese to a “moderate sell” rating in a research note on Tuesday, August 12th. Finally, Alembic Global Advisors set a $60.00 target price on shares of Celanese in a research note on Monday, August 25th.

Celanese Trading Up 14.6%

NYSE:CE opened at $41.39 on Wednesday. Celanese has a 52 week low of $35.48 and a 52 week high of $89.24. 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 firm’s fifty day moving average is $42.45 and its 200-day moving average is $48.91. The firm has a market cap 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 announced its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. Celanese’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter last year, the firm earned $2.44 earnings per share. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Equities analysts expect that Celanese will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend is Tuesday, October 28th. Celanese’s dividend payout ratio is -0.81%.

Insider Buying and Selling

In other news, Director Timothy Go purchased 1,039 shares of the company’s stock in a transaction that occurred on Monday, September 8th. The shares were acquired 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 represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.26% of the stock is owned by insiders.

Institutional Investors Weigh In On Celanese

A number of hedge funds have recently added to or reduced their stakes in CE. Strengthening Families & Communities LLC raised its position in shares of Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 186 shares during the period. Geneos Wealth Management Inc. increased its stake in Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares in the last quarter. Summit Securities Group LLC acquired a new position in Celanese during the first quarter worth $30,000. SBI Securities Co. Ltd. lifted its stake in shares of Celanese by 55.4% in 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 in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of Celanese by 140.4% during the third quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock valued at $35,000 after buying an additional 483 shares during the last quarter. Institutional investors and hedge funds 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.