Celanese Corporation $CE Stock Holdings Trimmed by National Bank of Canada FI

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 stake in shares of Celanese Corporation (NYSE:CE - Free Report) by 99.9% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm 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 SEC.

Other hedge funds have also modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new stake in Celanese during the 1st quarter valued at approximately $292,000. Teacher Retirement System of Texas acquired a new stake in Celanese during the 1st quarter valued at approximately $907,000. Mather Group LLC. grew its stake in Celanese by 127.0% during the 1st quarter. Mather Group LLC. now owns 622 shares of the basic materials company's stock valued at $35,000 after purchasing an additional 348 shares in the last quarter. Amalgamated Bank grew its stake in Celanese by 55.1% during the 1st quarter. Amalgamated Bank now owns 33,508 shares of the basic materials company's stock valued at $1,902,000 after purchasing an additional 11,905 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Celanese by 20.8% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 42,225 shares of the basic materials company's stock valued at $2,397,000 after purchasing an additional 7,275 shares in the last quarter. 98.87% of the stock is currently owned by hedge funds and other institutional investors.

Celanese Stock Performance

Shares of NYSE CE traded down $1.25 during mid-day trading on Monday, hitting $47.38. The company had a trading volume of 2,324,592 shares, compared to its average volume of 2,827,592. The stock has a market cap of $5.19 billion, a price-to-earnings ratio of -3.20, a PEG ratio of 2.10 and a beta of 1.10. Celanese Corporation has a 12 month low of $36.29 and a 12 month high of $142.54. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The firm's 50 day simple moving average is $53.57 and its two-hundred day simple moving average is $52.50.

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

Celanese Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, August 11th. Investors of record on Tuesday, July 29th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese's dividend payout ratio (DPR) is -0.81%.

Analyst Ratings Changes

A number of brokerages have weighed in on CE. Wells Fargo & Company lowered their price objective on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Mizuho raised their price objective on Celanese from $50.00 to $59.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. BMO Capital Markets decreased their target price on Celanese from $55.00 to $47.00 and set a "market perform" rating for the company in a research report on Thursday, August 14th. Royal Bank Of Canada decreased their target price on Celanese from $63.00 to $45.00 and set a "sector perform" rating for the company in a research report on Thursday, August 14th. Finally, Robert W. Baird decreased their target price on Celanese from $67.00 to $50.00 and set an "outperform" rating for the company in a research report on Wednesday, August 13th. Six analysts have rated the stock with a Buy rating, ten have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price 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.