Celanese (NYSE:CE – Get Free Report) had its price objective lowered by equities researchers at Bank of America from $72.00 to $63.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the basic materials company’s stock. Bank of America‘s price objective would indicate a potential upside of 37.80% from the company’s current price.
CE has been the topic of a number of other research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Robert W. Baird increased their target price on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Mizuho upped their price objective on shares of Celanese from $58.00 to $65.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. UBS Group increased their target price on shares of Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, April 9th. Finally, Morgan Stanley boosted 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. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $66.31.
View Our Latest Research Report on Celanese
Celanese Stock Performance
Celanese (NYSE:CE – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). The company had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Analysts predict that Celanese will post 5.8 EPS for the current year.
Institutional Trading of Celanese
Institutional investors have recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in shares of Celanese by 12.8% during the third quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock valued at $10,907,000 after buying an additional 29,392 shares during the period. Russell Investments Group Ltd. lifted its stake in Celanese by 21.5% in the third 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 period. QSM Asset Management Ltd boosted its holdings in Celanese by 102.2% in the fourth quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after acquiring an additional 42,800 shares in the last quarter. Capital Research Global Investors boosted its holdings in Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after acquiring an additional 1,076,645 shares in the last quarter. Finally, U.S. Capital Wealth Advisors LLC increased its position in Celanese by 113.1% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 152,291 shares of the basic materials company’s stock valued at $6,439,000 after purchasing an additional 80,827 shares during the period. 98.87% of the stock is currently owned by hedge funds and other institutional investors.
About Celanese
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.
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