Celanese (NYSE:CE) Stock Price Up 6.4% – Here’s What Happened

Celanese Corporation (NYSE:CE) was up 6.4% on Wednesday . The company traded as high as $46.85 and last traded at $46.9490. 354,066 shares traded hands during mid-day trading, a decline of 83% from the average session volume of 2,142,779 shares. The stock had previously closed at $44.13.

Wall Street Analyst Weigh In

Several brokerages have commented on CE. Royal Bank Of Canada lifted their target price on Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. BMO Capital Markets decreased their price target on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Citigroup lowered their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Deutsche Bank Aktiengesellschaft set a $50.00 target price on Celanese in a report on Thursday, August 6th. Finally, Wells Fargo & Company decreased their target price on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. Nine analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Celanese has an average rating of “Hold” and an average target price of $63.71.

Celanese Stock Up 5.5%

The firm has a market cap of $5.11 billion, a price-to-earnings ratio of -4.36, a PEG ratio of 0.30 and a beta of 0.76. The firm has a 50 day moving average of $45.83 and a 200 day moving average of $53.36. 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 (NYSE:CE) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.22. The firm had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company’s revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, sell-side analysts predict that Celanese Corporation will post 5.99 earnings per share for the current year.

Celanese Dividend Announcement

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

Insider Transactions at Celanese

In related news, SVP Mark Christopher Murray purchased 2,153 shares of Celanese 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 completion of the acquisition, the senior vice president 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 purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.34% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Celanese

Several institutional investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. boosted its position in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares in the last quarter. National Bank of Canada FI bought a new stake in Celanese in the 3rd quarter valued at about $34,000. Smartleaf Asset Management LLC raised its stake in Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after buying an additional 331 shares during the period. UMB Bank n.a. raised its stake in Celanese by 175.7% during the 4th quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Celanese in the fourth quarter worth approximately $41,000. 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.