Celanese (NYSE:CE) Trading Up 6.2% - Should You Buy?

Key Points

• Celanese Corporation's stock rose 6.2% to approximately $45.78, despite trading volume being down significantly by 85% from its average.
• Analysts have been adjusting their price targets for Celanese, with BMO Capital Markets lowering it from $55 to $47, while the consensus target price currently stands at $59.94.
• In its latest quarterly earnings report, Celanese beat EPS estimates with $1.44, although revenues declined 4.5% year-over-year, amounting to $2.53 billion.

Celanese Corporation (NYSE:CE - Get Free Report)'s stock price traded up 6.2% during mid-day trading on Tuesday . The company traded as high as $45.73 and last traded at $45.78. 420,637 shares changed hands during mid-day trading, a decline of 85% from the average session volume of 2,823,797 shares. The stock had previously closed at $43.11.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. KeyCorp reduced their price target on shares of Celanese from $77.00 to $70.00 and set an "overweight" rating on the stock in a research report on Wednesday, August 13th. Robert W. Baird lowered their target price on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a research note on Wednesday, August 13th. UBS Group decreased their price target on Celanese from $66.00 to $49.00 and set a "neutral" rating on the stock in a report on Tuesday, August 12th. Citigroup boosted their price objective on Celanese from $52.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Mizuho upped 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. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have given a Sell rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $59.94.

Celanese Trading Up 8.4%

The firm has a fifty day moving average price of $53.75 and a 200 day moving average price of $52.88. The company has a market cap of $5.30 billion, a price-to-earnings ratio of -3.27, a P/E/G ratio of 1.93 and a beta of 1.10. 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 released its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company had revenue of $2.53 billion during the quarter, compared to analysts' expectations of $2.50 billion. During the same period last year, the firm posted $2.38 earnings per share. The business's revenue was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, equities analysts predict that Celanese Corporation will post 8.79 EPS for the current fiscal year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.2%. The ex-dividend date was Tuesday, July 29th. Celanese's payout ratio is -0.81%.

Institutional Trading of Celanese

Institutional investors have recently modified their holdings of the stock. Strengthening Families & Communities LLC increased its stake in Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 186 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock valued at $28,000 after purchasing an additional 270 shares in the last quarter. Summit Securities Group LLC bought a new stake in shares of Celanese during the first quarter worth about $30,000. State of Wyoming grew its holdings in shares of Celanese by 122.5% during the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock worth $34,000 after purchasing an additional 267 shares during the last quarter. Finally, SBI Securities Co. Ltd. increased its stake in shares of Celanese by 55.4% in the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company's stock valued at $34,000 after buying an additional 222 shares during the period. 98.87% of the stock is currently owned by institutional investors.

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.