Celanese Corporation (NYSE:CE) Receives Average Recommendation of “Hold” from Brokerages

Shares of Celanese Corporation (NYSE:CE) have been assigned an average rating of “Hold” from the twenty brokerages that are covering the company, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and seven have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $54.7222.

Several brokerages recently issued reports on CE. Royal Bank Of Canada set a $43.00 target price on Celanese in a research report on Tuesday, October 14th. UBS Group dropped their price objective on Celanese from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Monday, October 6th. JPMorgan Chase & Co. cut their price objective on shares of Celanese from $47.00 to $40.00 and set a “neutral” rating on the stock in a report on Thursday, August 14th. Zacks Research lowered shares of Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th.

Insider Buying and Selling at Celanese

In other Celanese news, Director Timothy Go bought 1,039 shares of Celanese stock in a transaction dated Monday, September 8th. The stock was bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the completion of the acquisition, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. The trade was a 30.78% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Institutional Trading of Celanese

Hedge funds have recently bought and sold shares of the business. Strengthening Families & Communities LLC boosted its position in Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Geneos Wealth Management Inc. raised its stake 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 during the period. Summit Securities Group LLC purchased a new position in shares of Celanese in the 1st quarter worth about $30,000. SBI Securities Co. Ltd. boosted its holdings in shares of Celanese by 55.4% in the 2nd quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock worth $34,000 after buying an additional 222 shares during the last quarter. Finally, Versant Capital Management Inc grew its position in Celanese by 140.4% during the third quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock valued at $35,000 after buying an additional 483 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Trading Up 0.3%

NYSE:CE opened at $41.42 on Wednesday. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese has a one year low of $35.48 and a one year high of $78.10. The company has a market cap of $4.54 billion, a PE ratio of -2.79, a PEG ratio of 1.86 and a beta of 1.17. The firm has a 50-day moving average of $42.22 and a 200-day moving average of $48.98.

Celanese (NYSE:CE) last announced its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.27 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. As a group, equities research analysts expect that Celanese will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 12th. Shareholders of record on Tuesday, October 28th will be paid a $0.03 dividend. The ex-dividend date is Tuesday, October 28th. This represents a $0.12 annualized dividend and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is -0.42%.

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.