BMO Capital Markets Cuts Celanese (NYSE:CE) Price Target to $57.00

Celanese (NYSE:CE) had its price target reduced by research analysts at BMO Capital Markets from $80.00 to $57.00 in a report released on Monday,Benzinga reports. The firm presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target would indicate a potential upside of 19.70% from the company’s current price.

Several other research analysts have also recently commented on the stock. Zacks Research upgraded shares of Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. Vertical Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, March 9th. Tudor Pickering raised shares of Celanese from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. Citigroup reduced their price objective on shares of Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Finally, Wells Fargo & Company raised their price objective on Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a report on Friday, May 8th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Celanese Stock Performance

Shares of Celanese stock opened at $47.62 on Monday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The firm has a market cap of $5.22 billion, a price-to-earnings ratio of -4.76, a price-to-earnings-growth ratio of 0.27 and a beta of 0.76. The stock’s 50-day moving average is $54.56 and its 200-day moving average is $53.53. Celanese has a one year low of $35.13 and a one year high of $70.70.

Celanese (NYSE:CE) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.03). Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm had revenue of $2.34 billion during the quarter, compared to the consensus estimate of $2.34 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The company’s revenue was down 2.2% on a year-over-year basis. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities analysts predict that Celanese will post 5.94 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celanese

Several hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Celanese by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock valued at $500,610,000 after purchasing an additional 90,428 shares during the period. Capital Research Global Investors boosted its holdings in shares of Celanese by 24.0% during the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after buying an additional 1,076,645 shares during the period. Turtle Creek Asset Management Inc. grew its stake in Celanese by 21.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after buying an additional 887,600 shares during the last quarter. Fuller & Thaler Asset Management Inc. raised its holdings in Celanese by 15.8% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock valued at $173,127,000 after acquiring an additional 558,391 shares during the period. Finally, State Street Corp raised its holdings in Celanese by 2.1% in the 4th quarter. State Street Corp now owns 3,949,230 shares of the basic materials company’s stock valued at $166,973,000 after acquiring an additional 80,242 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.

Celanese Company Profile

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.