Celanese Corporation (NYSE:CE) Stock Has Average Price Target of $63.27

Key Points

• Analysts maintain a “Moderate Buy” consensus on Celanese, with 9 buys, 7 holds, 1 sell and 1 strong buy among 18 analysts. The average 12-month price target is $63.27, though several firms recently lowered their targets.
• Celanese shares opened at $47.01, versus a 52-week range of $35.13 to $70.70. The company beat quarterly EPS estimates, reporting $2.45 versus the $2.23 consensus, while revenue came in at $2.75 billion.
• Senior Vice President Mark Murray purchased 2,153 shares, while institutional investors own 98.87% of the stock. Celanese also paid a quarterly dividend of $0.03 per share, equivalent to a 0.3% annualized yield.

Shares of Celanese Corporation (NYSE:CE - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the eighteen analysts that are covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, seven have issued a hold recommendation, nine have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $63.27.

CE has been the subject of a number of research reports. Wells Fargo & Company decreased their price target on shares of Celanese from $80.00 to $65.00 and set an "overweight" rating for the company in a research note on Thursday, August 6th. Morgan Stanley cut their price objective on Celanese from $72.00 to $58.00 and set an "equal weight" rating on the stock in a research report on Thursday, July 16th. BMO Capital Markets decreased their target price on Celanese from $57.00 to $54.00 and set a "market perform" rating for the company in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft set a $50.00 target price on Celanese in a research note on Thursday, August 6th. Finally, Bank of America dropped their price target on Celanese from $72.00 to $63.00 and set a "buy" rating on the stock in a research report on Tuesday, June 30th.

Insider Activity at Celanese

In other Celanese news, SVP Mark Murray bought 2,153 shares of Celanese stock in a transaction dated Tuesday, August 11th. The shares were purchased at an average cost of $45.52 per share, with a total value of $98,004.56. Following the transaction, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.34% of the company's stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Global Retirement Partners LLC bought a new stake in shares of Celanese in the 2nd quarter worth approximately $47,000. EverSource Wealth Advisors LLC increased its position in Celanese by 65.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,044 shares of the basic materials company's stock valued at $69,000 after buying an additional 413 shares in the last quarter. Allworth Financial LP purchased a new position in Celanese during the second quarter valued at $52,000. Deseret Mutual Benefit Administrators raised its stake in Celanese by 20.7% during the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company's stock valued at $59,000 after buying an additional 240 shares during the last quarter. Finally, AdvisorNet Financial Inc boosted its holdings in Celanese by 14.5% in the first quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company's stock worth $119,000 after acquiring an additional 230 shares in the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Stock Performance

Shares of CE stock opened at $47.01 on Friday. The firm has a market capitalization of $5.16 billion, a price-to-earnings ratio of -4.40, a PEG ratio of 0.31 and a beta of 0.76. The stock has a fifty day moving average of $45.41 and a 200 day moving average of $52.46. Celanese has a 52 week low of $35.13 and a 52 week high of $70.70. 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 issued its quarterly earnings data 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 business had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The company's quarterly revenue was up 8.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, research analysts expect that Celanese will post 6 earnings per share for the current year.

Celanese Announces Dividend

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

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered polymers, specialty chemicals and other materials used in a broad range of industries, including automotive, medical, electronics, consumer products, industrial equipment, coatings and packaging.

Celanese operates through two primary businesses: Engineered Materials and the Acetyl Chain. Its engineered materials portfolio includes high-performance thermoplastics, engineered polymers and other specialty compounds used to replace metal and conventional materials in demanding applications.

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