Celanese (NYSE:CE – Get Free Report) was upgraded by analysts at Barclays to a “hold” rating in a research report issued to clients and investors on Monday, Zacks reports.
A number of other research analysts have also issued reports on the stock. 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 research note on Tuesday. KeyCorp initiated coverage on shares of Celanese in a research note on Thursday, September 10th. They set an “overweight” rating and a $57.00 price objective for the company. BMO Capital Markets lowered their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Morgan Stanley dropped their price objective on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a research report on Friday, August 21st. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Celanese currently has an average rating of “Moderate Buy” and a consensus price target of $60.38.
View Our Latest Analysis on Celanese
Celanese Price Performance
Celanese (NYSE:CE – Get Free Report) last announced its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating the consensus estimate 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 negative net margin of 12.04% and a positive return on equity of 13.04%. Celanese’s revenue was up 8.7% on a year-over-year basis. During the same period last year, the firm posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts forecast that Celanese will post 5.94 earnings per share for the current fiscal year.
Insider Transactions at Celanese
In other Celanese news, SVP Mark Murray purchased 2,153 shares of Celanese stock in a transaction on Tuesday, August 11th. The stock was bought at an average cost of $45.52 per share, with a total value of $98,004.56. Following the transaction, the senior vice president owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This represents a 7.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.34% of the company’s stock.
Institutional Trading of Celanese
Several large investors have recently made changes to their positions in CE. Mather Group LLC. lifted its stake in shares of Celanese by 6,975.0% in the 3rd quarter. Mather Group LLC. now owns 849 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 837 shares during the period. Fortitude Family Office LLC boosted its holdings in Celanese by 757.7% during the third quarter. Fortitude Family Office LLC now owns 669 shares of the basic materials company’s stock worth $30,000 after buying an additional 591 shares in the last quarter. Sanders Morris Harris LLC purchased a new stake in Celanese during the third quarter worth $222,000. Farther Finance Advisors LLC grew its position in Celanese by 186.5% during the third quarter. Farther Finance Advisors LLC now owns 2,444 shares of the basic materials company’s stock valued at $108,000 after buying an additional 1,591 shares during the period. Finally, Moody National Bank Trust Division grew its position in Celanese by 29.0% during the third quarter. Moody National Bank Trust Division now owns 29,129 shares of the basic materials company’s stock valued at $1,292,000 after buying an additional 6,548 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.
About Celanese
Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.
Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.
Featured Articles
- Five stocks we like better than Celanese
- Swarm Economics: Can XTEND AI Robotics Deliver at Scale?
- Tesla Wants to Make Its Own Chips—What Could Go Wrong?
- IREN Limited’s AI Pivot Gains Traction—But Can Its Data Centers Deliver?
- PBF Energy’s Stunning Rally Faces a Critical Test
Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.
