Celanese Corporation (NYSE:CE) Stock Now Rated “Moderate Buy” by Wall Street Brokerages

Celanese Corporation (NYSE:CE – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the eighteen research firms that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $62.60.

A number of research analysts recently weighed in on the stock. Citigroup lowered their target price on shares of Celanese from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday. Bank of America cut their price target on Celanese from $72.00 to $63.00 and set a “buy” rating for the company in a research note on Tuesday, June 30th. KeyCorp initiated coverage on Celanese in a report on Thursday, September 10th. They set an “overweight” rating and a $57.00 price target on the stock. Wells Fargo & Company lowered their price objective on Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. Finally, Wall Street Zen lowered Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th.

Read Our Latest Stock Report on CE

Insider Buying and Selling

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the company’s stock in a transaction on Tuesday, August 11th. The stock was acquired at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares of the company’s stock, valued at $1,385,264.64. This trade represents a 7.61% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Celanese

Several institutional investors and hedge funds have recently modified their holdings of CE. BlackRock Inc. bought a new position in shares of Celanese during the second quarter worth $614,675,000. Capital Research Global Investors grew its stake in Celanese by 24.0% during 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. Turtle Creek Asset Management Inc. increased its holdings in Celanese by 18.1% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,547,744 shares of the basic materials company’s stock valued at $167,565,000 after acquiring an additional 391,204 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Celanese by 83.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after purchasing an additional 993,193 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Celanese by 17.7% in the 4th quarter. Geode Capital Management LLC now owns 1,909,529 shares of the basic materials company’s stock worth $80,760,000 after purchasing an additional 287,264 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Stock Up 0.2%

NYSE CE opened at $44.27 on Friday. The stock’s 50-day moving average price is $45.22 and its 200-day moving average price is $52.13. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33. Celanese has a 52 week low of $35.13 and a 52 week high of $70.70. The company has a market capitalization of $4.86 billion, a P/E ratio of -4.14, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76.

Celanese (NYSE:CE – Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to analysts’ expectations of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The firm’s revenue was up 8.7% compared to the same quarter last year. During the same quarter last year, the business earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities research analysts predict that Celanese will post 6 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio (DPR) is -1.12%.

Celanese Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Celanese (NYSE:CE)

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