Bank of America Has Lowered Expectations for Celanese (NYSE:CE) Stock Price

Key Points

• Bank of America has reduced its target price for Celanese stock from $59.00 to $57.00, while maintaining a "buy" rating, indicating a potential upside of 41.89% from the stock's previous close.
• Several firms have adjusted their price targets, with JPMorgan Chase lowering theirs from $47.00 to $40.00, reflecting a cautious sentiment in the market.
• Despite the mixed outlook from analysts, Celanese reported an earnings per share of $1.44, surpassing estimates, but showed a revenue decline of 4.5% compared to the previous year.

Celanese (NYSE:CE - Get Free Report) had its target price decreased by investment analysts at Bank of America from $59.00 to $57.00 in a report issued on Tuesday,Benzinga reports. The brokerage presently has a "buy" rating on the basic materials company's stock. Bank of America's target price points to a potential upside of 41.89% from the stock's previous close.

A number of other brokerages have also issued reports on CE. JPMorgan Chase & Co. decreased their target price on shares of Celanese from $47.00 to $40.00 and set a "neutral" rating on the stock in a research report on Thursday, August 14th. KeyCorp decreased their price objective on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research note on Wednesday, August 13th. Cfra Research raised shares of Celanese to a "moderate sell" rating in a research note on Tuesday, August 12th. Alembic Global Advisors set a $60.00 target price on shares of Celanese in a research report on Monday, August 25th. Finally, Mizuho raised their target price on shares of Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Seven investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have given a Sell rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $56.22.

Celanese Stock Up 2.2%

Shares of CE opened at $40.17 on Tuesday. Celanese has a 52 week low of $36.29 and a 52 week high of $136.68. The firm has a market cap of $4.40 billion, a P/E ratio of -2.71, a price-to-earnings-growth ratio of 1.78 and a beta of 1.13. The firm's 50-day simple moving average is $44.71 and its 200 day simple moving average is $49.33. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05.

Celanese (NYSE:CE - Get Free Report) last announced its earnings results on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The firm had revenue of $2.53 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $2.38 EPS. The business's revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, analysts forecast that Celanese will post 8.79 earnings per share for the current year.

Insider Activity at Celanese

In other Celanese news, Director Timothy Go bought 1,039 shares of the firm's 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 transaction, 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 purchase was disclosed in a document filed with the SEC, which can be accessed through this link. 0.26% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CE. Farther Finance Advisors LLC boosted its holdings in Celanese by 30.3% during the first quarter. Farther Finance Advisors LLC now owns 1,431 shares of the basic materials company's stock worth $80,000 after purchasing an additional 333 shares during the last quarter. CX Institutional purchased a new position in Celanese in the first quarter valued at about $96,000. Fifth Third Bancorp boosted its stake in Celanese by 115.7% in the first quarter. Fifth Third Bancorp now owns 10,060 shares of the basic materials company's stock valued at $571,000 after acquiring an additional 5,397 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in Celanese by 20.8% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company's stock valued at $2,397,000 after acquiring an additional 7,275 shares during the last quarter. Finally, State of Alaska Department of Revenue boosted its stake in Celanese by 722.7% in the first quarter. State of Alaska Department of Revenue now owns 102,568 shares of the basic materials company's stock valued at $5,822,000 after acquiring an additional 90,101 shares during the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Company Profile

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.

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