Barclays upgraded shares of Celanese (NYSE:CE – Free Report) to a hold rating in a report published on Monday morning,Zacks reports.
CE has been the topic of a number of other research reports. Royal Bank Of Canada increased their price target on shares of Celanese from $45.00 to $46.00 and gave the company a “sector perform” rating in a report on Tuesday. BMO Capital Markets decreased their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a report on Wednesday, August 5th. KeyCorp assumed coverage on Celanese in a research report on Thursday, September 10th. They issued an “overweight” rating and a $57.00 price objective on the stock. Citigroup cut their target price on Celanese from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, September 30th. Finally, Morgan Stanley cut their target price on Celanese from $72.00 to $58.00 and set an “equal weight” rating on the stock in a research note on Thursday, July 16th. One equities research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Celanese has a consensus rating of “Moderate Buy” and an average price target of $60.38.
Check Out Our Latest Stock Analysis on Celanese
Celanese Stock Performance
Celanese (NYSE:CE – Get Free Report) last released its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. The business 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% compared to the same quarter last year. During the same period last year, the business earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Sell-side analysts expect that Celanese will post 5.94 EPS for the current fiscal year.
Celanese Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, November 10th. Shareholders of record on Tuesday, October 27th will be paid a dividend of $0.03 per share. The ex-dividend date is Tuesday, October 27th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio is currently -1.12%.
Insider Activity
In related news, SVP Mark Murray purchased 2,153 shares of the company’s stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average price of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president directly owned 30,432 shares in the company, valued at $1,385,264.64. The trade was a 7.61% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.34% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of Celanese in the 2nd quarter worth $614,675,000. Turtle Creek Asset Management Inc. grew its holdings in shares of Celanese by 18.1% in the first quarter. Turtle Creek Asset Management Inc. now owns 2,547,744 shares of the basic materials company’s stock worth $167,565,000 after acquiring an additional 391,204 shares during the period. Dimensional Fund Advisors LP increased its position in Celanese by 83.2% during the first quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock valued at $143,849,000 after acquiring an additional 993,193 shares during the last quarter. Bank of America Corp DE purchased a new stake in Celanese during the second quarter valued at $62,580,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Celanese during the second quarter valued at $44,564,000. Institutional investors own 98.87% of the company’s stock.
Celanese Company Profile
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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