Celanese (NYSE:CE) Stock Price Down 7.6% – Here’s What Happened

Celanese Corporation (NYSE:CE)’s share price dropped 7.6% during trading on Friday . The stock traded as low as $63.17 and last traded at $63.16. Approximately 200,452 shares changed hands during trading, a decline of 92% from the average daily volume of 2,521,099 shares. The stock had previously closed at $68.34.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on CE shares. Wells Fargo & Company raised their price target on Celanese from $70.00 to $75.00 and gave the stock an “overweight” rating in a research note on Friday, April 10th. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. Royal Bank Of Canada set a $66.00 target price on Celanese and gave the stock a “sector perform” rating in a report on Friday, April 10th. Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Finally, Evercore set a $63.00 target price on shares of Celanese in a research note on Wednesday, February 18th. Nine research analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, Celanese has a consensus rating of “Hold” and an average price target of $63.65.

Celanese Price Performance

The firm has a fifty day moving average of $58.17 and a two-hundred day moving average of $47.81. The stock has a market capitalization of $6.96 billion, a P/E ratio of -6.00, a P/E/G ratio of 0.47 and a beta of 0.85. The company has a debt-to-equity ratio of 2.55, a current ratio of 1.55 and a quick ratio of 0.94.

Celanese (NYSE:CE) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The company had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The company’s revenue was down 6.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. On average, analysts predict that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, May 11th. Shareholders of record on Monday, April 27th will be issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date of this dividend is Monday, April 27th. Celanese’s payout ratio is currently -1.13%.

Institutional Investors Weigh In On Celanese

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in CE. JPMorgan Chase & Co. grew its position in Celanese by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock worth $10,907,000 after purchasing an additional 29,392 shares during the last quarter. Great Lakes Advisors LLC purchased a new position in Celanese in the 3rd quarter worth $3,171,000. AMG National Trust Bank raised its stake in Celanese by 270.1% in the 3rd 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 during the last quarter. Fox Run Management L.L.C. raised its stake in Celanese by 406.9% in the 3rd quarter. Fox Run Management L.L.C. now owns 42,175 shares of the basic materials company’s stock worth $1,775,000 after acquiring an additional 33,854 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Celanese by 21.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock worth $51,104,000 after acquiring an additional 214,632 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.