Celanese (NYSE:CE) Trading Down 6.9% – Here’s What Happened

Celanese Corporation (NYSE:CEGet Free Report) shares were down 6.9% on Monday . The company traded as low as $46.12 and last traded at $45.9950. Approximately 1,035,784 shares were traded during trading, a decline of 55% from the average daily volume of 2,277,870 shares. The stock had previously closed at $49.42.

Analysts Set New Price Targets

CE has been the subject of a number of research reports. Morgan Stanley increased their price target on shares of Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, May 5th. Royal Bank Of Canada upped their target price on Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. JPMorgan Chase & Co. increased their target price on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Robert W. Baird lifted their price target on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research report on Friday, March 27th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Ten investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $65.69.

Check Out Our Latest Report on CE

Celanese Stock Down 2.0%

The stock’s 50 day simple moving average is $55.65 and its two-hundred day simple moving average is $53.44. The firm has a market cap of $4.94 billion, a P/E ratio of -4.50, a P/E/G ratio of 0.28 and a beta of 0.73. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85.

Celanese (NYSE:CEGet Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the firm earned $0.57 earnings per share. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, research analysts forecast that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Stockholders of record on Monday, April 27th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, April 27th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese’s dividend payout ratio (DPR) is presently -1.20%.

Hedge Funds Weigh In On Celanese

A number of hedge funds have recently bought and sold shares of the company. 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. National Bank of Canada FI purchased a new stake in shares of Celanese during the third quarter valued at approximately $34,000. Hartford Financial Management Inc. increased its position in shares of Celanese by 350.5% during the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 701 shares in the last quarter. Smartleaf Asset Management LLC increased its position in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 331 shares in the last quarter. Finally, UMB Bank n.a. raised its holdings in Celanese by 175.7% in the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

(Get Free Report)

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.

Further Reading

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