National Bank of Canada FI Cuts Stock Position in Celanese Corporation $CE

Key Points

• National Bank of Canada FI drastically reduced its stake in Celanese Corporation by 99.9%, holding only 498 shares after selling 423,389 shares in the first quarter, valued at approximately $28,000.
• Analysts have mixed opinions on Celanese's stock, with Royal Bank of Canada lowering its price target from $63 to $45, while Bank of America decreased its target from $65 to $59.
• Celanese recently reported quarterly earnings of $1.44 EPS, surpassing analysts' expectations, but revenue declined 4.5% year-over-year, indicating potential challenges ahead.

National Bank of Canada FI reduced its position in Celanese Corporation (NYSE:CE - Free Report) by 99.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 498 shares of the basic materials company's stock after selling 423,389 shares during the quarter. National Bank of Canada FI's holdings in Celanese were worth $28,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CE. State of Wyoming increased its position in Celanese by 122.5% in the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company's stock worth $34,000 after buying an additional 267 shares during the last quarter. Mather Group LLC. increased its position in Celanese by 127.0% in the first quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock worth $35,000 after buying an additional 348 shares during the last quarter. LRI Investments LLC increased its position in Celanese by 739.1% in the fourth quarter. LRI Investments LLC now owns 537 shares of the basic materials company's stock worth $37,000 after buying an additional 473 shares during the last quarter. American National Bank & Trust purchased a new stake in Celanese in the first quarter worth $40,000. Finally, Caption Management LLC purchased a new stake in Celanese in the fourth quarter worth $48,000. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Price Performance

NYSE:CE traded up $3.7580 during trading hours on Friday, hitting $48.4380. 2,787,210 shares of the company's stock traded hands, compared to its average volume of 2,759,174. The firm has a market cap of $5.30 billion, a P/E ratio of -3.27, a P/E/G ratio of 2.10 and a beta of 1.10. Celanese Corporation has a 52 week low of $36.29 and a 52 week high of $142.54. The business's fifty day simple moving average is $53.75 and its two-hundred day simple moving average is $52.76. The company has a quick ratio of 1.22, a current ratio of 2.05 and a debt-to-equity ratio of 2.22.

Celanese (NYSE:CE - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The basic materials company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.38 by $0.06. The company 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%.The firm's quarterly revenue was down 4.5% on a year-over-year basis. During the same quarter last year, the company earned $2.38 earnings per share. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, research analysts anticipate that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were paid a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a yield of 0.2%. Celanese's dividend payout ratio (DPR) is currently -0.81%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft set a $52.00 price target on Celanese and gave the stock a "buy" rating in a report on Wednesday, August 13th. Robert W. Baird cut their price target on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a report on Wednesday, August 13th. BMO Capital Markets cut their price target on Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a report on Thursday, August 14th. Citigroup raised their price target on Celanese from $52.00 to $65.00 and gave the stock a "neutral" rating in a report on Thursday, July 10th. Finally, Barclays raised their price target on Celanese from $59.00 to $62.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 14th. Six investment 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. Based on data from MarketBeat, Celanese has an average rating of "Hold" and an average price target of $59.94.

Celanese 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.