Celanese Corporation (NYSE:CE) Stock Has Average Price Target of $63.27 According to Brokerages

Celanese Corporation (NYSE:CE) has been assigned a consensus rating of “Moderate Buy” from the eighteen analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $62.60.

Several analysts recently commented on the company. Wells Fargo & Company dropped their price target on Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a research report on Thursday, August 6th. KeyCorp began coverage on Celanese in a report on Thursday, September 10th. They issued an “overweight” rating and a $57.00 price objective on the stock. Bank of America lowered their target price on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research note on Tuesday, June 30th. BMO Capital Markets dropped their target price 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. Finally, Citigroup reduced their target price on shares of Celanese from $60.00 to $58.00 and set a “buy” rating for the company in a research report on Wednesday.

Insider Buying and Selling

In other Celanese news, SVP Mark Murray bought 2,153 shares of the firm’s stock in a transaction on Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president directly 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 acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 0.34% of the company’s stock.

Institutional Investors Weigh In On Celanese

A number of large investors have recently made changes to their positions in CE. Tidal Investments LLC lifted its position in Celanese by 132.4% during the second quarter. Tidal Investments LLC now owns 19,299 shares of the basic materials company’s stock worth $888,000 after buying an additional 10,993 shares in the last quarter. Engineers Gate Manager LP boosted its stake in Celanese by 2,657.4% during the second quarter. Engineers Gate Manager LP now owns 124,083 shares of the basic materials company’s stock worth $5,708,000 after buying an additional 119,583 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Celanese by 154.4% in the 2nd quarter. Squarepoint Ops LLC now owns 232,605 shares of the basic materials company’s stock valued at $10,700,000 after buying an additional 141,175 shares in the last quarter. Nykredit A S purchased a new stake in Celanese in the 2nd quarter valued at $166,000. Finally, Corient Private Wealth LP increased its stake in shares of Celanese by 59.2% in the 2nd quarter. Corient Private Wealth LP now owns 162,154 shares of the basic materials company’s stock worth $7,459,000 after acquiring an additional 60,317 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Trading Down 0.6%

Shares of Celanese stock opened at $44.56 on Friday. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. Celanese has a twelve month low of $35.13 and a twelve month high of $70.70. The firm has a market capitalization of $4.89 billion, a PE ratio of -4.17, a P/E/G ratio of 0.29 and a beta of 0.76. The firm’s 50-day moving average price is $45.33 and its 200 day moving average price is $52.28.

Celanese (NYSE:CE) last posted its quarterly earnings data on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the previous year, the business earned $1.44 EPS. Celanese’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. On average, sell-side analysts predict that Celanese will post 6 EPS for the current fiscal year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Investors of record on Tuesday, July 28th were paid 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 was Tuesday, July 28th. Celanese’s dividend payout ratio is currently -1.12%.

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.