Celanese (NYSE:CE) Shares Up 6.2% - Here's Why

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.

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

Wall Street Analyst Weigh In

CE has been the subject of a number of research analyst reports. Cfra Research raised Celanese to a "moderate sell" rating in a research note on Tuesday, August 12th. UBS Group decreased their price target on Celanese from $66.00 to $49.00 and set a "neutral" rating for the company in a research note on Tuesday, August 12th. Royal Bank Of Canada decreased their price target on Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research note on Thursday, August 14th. Bank of America decreased their price target on Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research note on Wednesday, August 13th. Finally, Wells Fargo & Company decreased their price target on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Six equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $59.94.

Celanese Trading Up 8.4%

The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. The stock has a 50-day simple moving average of $53.75 and a two-hundred day simple moving average of $52.76. The firm has a market capitalization of $5.30 billion, a P/E ratio of -3.27, a price-to-earnings-growth ratio of 2.10 and a beta of 1.10.

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

Celanese Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hudson Bay Capital Management LP increased its holdings in shares of Celanese by 138.5% in the 2nd quarter. Hudson Bay Capital Management LP now owns 100,165 shares of the basic materials company's stock valued at $5,542,000 after acquiring an additional 58,165 shares during the period. Geneos Wealth Management Inc. increased its holdings in shares of Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock valued at $28,000 after acquiring an additional 270 shares during the period. Public Sector Pension Investment Board increased its holdings in shares of Celanese by 7.6% in the 2nd quarter. Public Sector Pension Investment Board now owns 373,003 shares of the basic materials company's stock valued at $20,638,000 after acquiring an additional 26,386 shares during the period. Evergreen Capital Management LLC purchased a new position in shares of Celanese in the 2nd quarter valued at $226,000. Finally, Headlands Technologies LLC purchased a new position in shares of Celanese in the 2nd quarter valued at $180,000. 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.