Celanese's (CE) "Sell (D)" Rating Reaffirmed at Weiss Ratings

Key Points

• Celanese's stock has been reaffirmed with a "Sell (D)" rating by Weiss Ratings, indicating ongoing concerns about its performance.
• The consensus rating for Celanese is currently a "Hold" with an average price target of $56.33, amidst varying ratings from different research analysts.
• In recent trading, Celanese's shares were priced at $42.62, with notable year-to-year fluctuations leading to a market capitalization of $4.67 billion.

Celanese (NYSE:CE - Get Free Report)'s stock had its "sell (d)" rating reissued by equities researchers at Weiss Ratings in a research note issued to investors on Wednesday,Weiss Ratings reports.

CE has been the topic of a number of other reports. Cfra Research upgraded shares of Celanese to a "moderate sell" rating in a report on Tuesday, August 12th. Bank of America cut their price objective on shares of Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a research report on Wednesday, August 13th. Mizuho raised their target price on shares of Celanese from $50.00 to $59.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Zacks Research cut shares of Celanese from a "hold" rating to a "strong sell" rating in a research note on Thursday, August 14th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 price target on Celanese and gave the stock a "buy" rating in a research note on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $56.33.

Celanese Stock Performance

Shares of NYSE:CE traded up $0.01 during midday trading on Wednesday, hitting $42.62. The stock had a trading volume of 1,426,824 shares, compared to its average volume of 1,912,474. The company has a market capitalization of $4.67 billion, a PE ratio of -2.88, a P/E/G ratio of 1.93 and a beta of 1.13. The stock has a 50 day moving average price of $45.25 and a two-hundred day moving average price of $49.83. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Celanese has a 1 year low of $36.29 and a 1 year high of $137.36.

Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.38 by $0.06. The firm had revenue of $2.53 billion for 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 quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. As a group, equities analysts predict that Celanese will post 8.79 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Celanese news, Director Timothy Go acquired 1,039 shares of the stock in a transaction on Monday, September 8th. The stock was purchased at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the purchase, the director directly owned 4,415 shares in the company, valued at $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Institutional Trading of Celanese

Institutional investors and hedge funds have recently made changes to their positions in the stock. Dodge & Cox raised its stake in shares of Celanese by 13.0% during the first quarter. Dodge & Cox now owns 15,391,416 shares of the basic materials company's stock valued at $873,771,000 after purchasing an additional 1,773,354 shares in the last quarter. Federated Hermes Inc. lifted its holdings in shares of Celanese by 182.1% during the second quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company's stock valued at $281,157,000 after purchasing an additional 3,280,109 shares during the last quarter. State Street Corp increased its stake in Celanese by 3.2% in the 2nd quarter. State Street Corp now owns 3,828,747 shares of the basic materials company's stock worth $211,845,000 after purchasing an additional 120,208 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in Celanese by 134.4% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,566,226 shares of the basic materials company's stock worth $202,455,000 after purchasing an additional 2,044,662 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its position in Celanese by 35.0% during the first quarter. Fuller & Thaler Asset Management Inc. now owns 3,164,150 shares of the basic materials company's stock valued at $179,629,000 after buying an additional 819,489 shares during the period. 98.87% of the stock is currently owned by institutional investors and hedge funds.

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.

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