Celanese Corporation (NYSE:CE - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $69.61 and last traded at $67.9860, with a volume of 112506 shares traded. The stock had previously closed at $67.76.
Analyst Ratings Changes
Several research analysts have issued reports on CE shares. Robert W. Baird raised their price target on shares of Celanese from $65.00 to $75.00 and gave the stock an "outperform" rating in a report on Friday, March 27th. Mizuho raised their price target on shares of Celanese from $55.00 to $58.00 and gave the stock a "neutral" rating in a report on Tuesday, March 31st. Zacks Research upgraded shares of Celanese from a "strong sell" rating to a "hold" rating in a report on Tuesday, April 21st. Royal Bank Of Canada set a $66.00 price target on shares of Celanese and gave the stock a "sector perform" rating in a report on Friday, April 10th. Finally, Jefferies Financial Group upgraded shares of Celanese from a "hold" rating to a "buy" rating and set a $86.00 price target for the company in a report on Thursday, February 5th. Nine analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $64.71.
Read Our Latest Stock Analysis on Celanese
Celanese Trading Up 1.5%
The firm's 50-day moving average is $59.75 and its 200-day moving average is $49.36. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. The firm has a market cap of $7.54 billion, a price-to-earnings ratio of -6.50, a P/E/G ratio of 0.43 and a beta of 0.85.
Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.89 by ($0.22). The firm had revenue of $2.20 billion for the quarter, compared to analysts' expectations of $2.25 billion. Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.Celanese's revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. As a group, sell-side analysts anticipate that Celanese Corporation will post 5.16 EPS for the current fiscal year.
Celanese Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, May 11th. Investors of record on Monday, April 27th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. The ex-dividend date is Monday, April 27th. Celanese's payout ratio is currently -1.13%.
Hedge Funds Weigh In On Celanese
A number of large investors have recently made changes to their positions in CE. Royal Bank of Canada increased its position in shares of Celanese by 1,539.8% during the fourth quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company's stock valued at $90,192,000 after buying an additional 2,003,127 shares during the period. Capital Research Global Investors increased its position in shares of Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company's stock worth $235,312,000 after purchasing an additional 1,076,645 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company's stock worth $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Bank of America Corp DE increased its position in shares of Celanese by 103.7% in the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company's stock worth $91,056,000 after purchasing an additional 837,944 shares during the last quarter. Finally, Holocene Advisors LP increased its position in shares of Celanese by 872.6% in the third quarter. Holocene Advisors LP now owns 693,796 shares of the basic materials company's stock worth $29,195,000 after purchasing an additional 622,460 shares during the last quarter. 98.87% of the stock is owned by institutional investors.
About Celanese
(
Get Free Report)
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.
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