Celanese Corporation (NYSE:CE) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts maintain a “Hold” consensus on Celanese, with nine buy, seven hold and one sell rating among 17 brokerages. The average 12-month price target is $63.71, although several firms recently adjusted their targets.
• Celanese reported quarterly EPS of $2.45, exceeding the $2.23 consensus estimate, while revenue of $2.75 billion matched expectations and increased 8.7% year over year.
• The stock opened at $45.40, near its 52-week low, while institutional investors and hedge funds collectively own 98.87% of outstanding shares. An executive also purchased roughly $98,000 worth of shares.

Shares of Celanese Corporation (NYSE:CE - Get Free Report) have earned an average recommendation of "Hold" from the seventeen brokerages that are presently covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $63.7143.

A number of equities analysts recently issued reports on CE shares. BMO Capital Markets lowered their price target on Celanese from $57.00 to $54.00 and set a "market perform" rating on the stock in a report on Wednesday, August 5th. Royal Bank Of Canada upped their price objective on Celanese from $66.00 to $68.00 and gave the company a "sector perform" rating in a research note on Monday, May 11th. Citigroup decreased their price objective on Celanese from $80.00 to $68.00 and set a "buy" rating for the company in a research report on Wednesday, June 24th. Wells Fargo & Company lowered their target price on Celanese from $80.00 to $65.00 and set an "overweight" rating on the stock in a research note on Thursday, August 6th. Finally, JPMorgan Chase & Co. boosted their target price on Celanese from $53.00 to $68.00 and gave the company an "overweight" rating in a report on Thursday, May 7th.

Insider Transactions at Celanese

In other news, SVP Mark Christopher Murray purchased 2,153 shares of the business's stock in a transaction dated Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares of the company's stock, valued at $1,385,264.64. This represents a 7.61% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.34% of the company's stock.

Institutional Investors Weigh In On Celanese

Several hedge funds have recently modified their holdings of the stock. BlackRock Inc. purchased a new stake in Celanese during the 2nd quarter worth $614,675,000. Vanguard Group Inc. raised its position in Celanese by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company's stock valued at $500,610,000 after purchasing an additional 90,428 shares during the period. California State Teachers Retirement System raised its position in Celanese by 4,519.5% in the second quarter. California State Teachers Retirement System now owns 5,837,354 shares of the basic materials company's stock valued at $268,518,000 after purchasing an additional 5,710,991 shares during the period. Capital Research Global Investors lifted its stake in shares of Celanese by 24.0% during 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 in the last quarter. Finally, Turtle Creek Asset Management Inc. boosted 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 buying an additional 887,600 shares during the period. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Trading Up 0.9%

CE opened at $45.40 on Tuesday. Celanese has a 52 week low of $35.13 and a 52 week high of $70.70. The business has a fifty day simple moving average of $45.91 and a 200-day simple moving average of $53.48. The firm has a market cap of $4.98 billion, a P/E ratio of -4.25, a P/E/G ratio of 0.29 and a beta of 0.76. The company has a quick ratio of 0.87, a current ratio of 1.45 and a debt-to-equity ratio of 2.33.

Celanese (NYSE:CE - Get Free Report) last released its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.23 by $0.22. The firm had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.Celanese's revenue was up 8.7% compared to the same quarter last year. During the same period last year, the business posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities analysts expect that Celanese will post 5.99 earnings per share for the current year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese's dividend payout ratio (DPR) is -1.12%.

About Celanese

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source