Shares of Celanese Corporation (NYSE:CE – Get Free Report) have earned a consensus rating of “Moderate Buy” from the nineteen research firms that are covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $60.38.
CE has been the topic of several recent analyst reports. Mizuho set a $50.00 price target on Celanese in a research note on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research note on Friday, August 21st. Citigroup dropped their price objective on Celanese from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, September 30th. KeyCorp began coverage on Celanese in a report on Thursday, September 10th. They set an “overweight” rating and a $57.00 price objective for the company. Finally, Royal Bank Of Canada upped their target price on shares of Celanese from $45.00 to $46.00 and gave the stock a “sector perform” rating in a report on Tuesday, October 13th.
View Our Latest Stock Analysis on CE
Insider Buying and Selling
In other news, SVP Mark Murray purchased 2,153 shares of Celanese stock in a transaction on Tuesday, August 11th. The shares were purchased at an average cost of $45.52 per share, for a total transaction of $98,004.56. Following the completion of the transaction, the senior vice president directly owned 30,432 shares in the company, valued at approximately $1,385,264.64. This represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.34% of the stock is currently owned by company insiders.
Institutional Trading of Celanese
Hedge funds have recently modified their holdings of the company. Robinhood Asset Management LLC acquired a new position in Celanese during the 2nd quarter worth about $6,581,000. Hsbc Holdings PLC grew its holdings in Celanese by 208.3% during the 4th quarter. Hsbc Holdings PLC now owns 105,435 shares of the basic materials company’s stock worth $4,460,000 after acquiring an additional 71,238 shares during the last quarter. Bank of New York Mellon Corp bought a new stake in Celanese during the 2nd quarter worth about $31,261,000. Tejara Capital Ltd acquired a new stake in Celanese in the 2nd quarter valued at about $2,916,000. Finally, Callan Family Office LLC acquired a new stake in Celanese in the 2nd quarter valued at about $1,026,000. Institutional investors and hedge funds own 98.87% of the company’s stock.
Celanese Stock Up 1.0%
Shares of CE opened at $47.70 on Wednesday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 8.89, a P/E/G ratio of 0.34 and a beta of 0.76. 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 12 month low of $35.13 and a 12 month high of $70.70. The company has a 50-day moving average price of $45.74 and a two-hundred day moving average price of $50.52.
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. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. During the same period in the previous year, the business earned $1.44 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Equities analysts predict that Celanese will post 6.00 EPS for the current fiscal year.
Celanese Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 10th. Investors of record on Tuesday, October 27th will be issued 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 is Tuesday, October 27th. Celanese’s dividend payout ratio (DPR) is currently -1.12%.
Celanese Company Profile
Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered materials and chemical products used by manufacturers in industries including automotive, consumer goods, medical and healthcare, electronics, industrial equipment, energy and infrastructure.
Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses. Its portfolio includes engineered polymers, thermoplastic compounds and other specialty materials, as well as acetyl products such as acetic acid, vinyl acetate monomer, emulsions and related intermediates.
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