Citigroup Increases Celanese (NYSE:CE) Price Target to $60.00

Celanese (NYSE:CE) had its price objective raised by equities researchers at Citigroup from $53.00 to $60.00 in a research report issued on Tuesday,Benzinga reports. The firm presently has a “buy” rating on the basic materials company’s stock. Citigroup’s price target would suggest a potential upside of 44.82% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating for the company in a report on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the company a “buy” rating in a research note on Wednesday, August 13th. Alembic Global Advisors set a $60.00 price objective on Celanese in a research note on Monday, August 25th. Bank of America decreased their target price on Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Finally, KeyCorp dropped their price target on Celanese from $77.00 to $70.00 and set an “overweight” rating for the company in a research report on Wednesday, August 13th. Seven investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $54.72.

Celanese Price Performance

Shares of Celanese stock traded up $0.14 during trading on Tuesday, reaching $41.43. The company’s stock had a trading volume of 1,370,287 shares, compared to its average volume of 2,618,149. The business has a 50 day moving average price of $42.32 and a 200-day moving average price of $48.99. Celanese has a 12-month low of $35.48 and a 12-month high of $78.10. The company has a market capitalization of $4.54 billion, a P/E ratio of -2.80, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE) last issued its earnings results on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, topping the consensus estimate of $1.27 by $0.07. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.51 billion. During the same period in the previous year, the firm earned $2.44 EPS. The business’s revenue was down 8.6% on a year-over-year basis. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, sell-side analysts anticipate that Celanese will post 8.79 EPS for the current year.

Insider Buying and Selling

In other Celanese news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the transaction, the director owned 4,415 shares of the company’s stock, valued at $204,193.75. This represents a 30.78% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Dodge & Cox raised its stake in Celanese by 13.0% during the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company’s stock worth $873,771,000 after purchasing an additional 1,773,354 shares during the period. Federated Hermes Inc. increased its holdings in shares of Celanese by 182.1% during the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock worth $281,157,000 after buying an additional 3,280,109 shares during the last quarter. State Street Corp boosted its holdings in Celanese by 3.2% in the second quarter. State Street Corp now owns 3,828,747 shares of the basic materials company’s stock valued at $211,845,000 after acquiring an additional 120,208 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in Celanese by 134.4% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company’s stock valued at $202,455,000 after acquiring an additional 2,044,662 shares during the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company’s stock valued at $179,629,000 after acquiring an additional 819,489 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

About Celanese

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.