JPMorgan Chase & Co. Issues Pessimistic Forecast for Celanese (NYSE:CE) Stock Price

Key Points

• JPMorgan Chase & Co. has reduced its price target for Celanese from $47.00 to $40.00, indicating a potential downside of 4.18% from the current price.
• Celanese's stock currently has an average rating of "Hold" with a consensus target price of $59.94, amid mixed recommendations from various analysts.
• The company reported earnings of $1.44 per share for the last quarter, beating estimates, but showed a 4.5% decline in revenue year-over-year.

Celanese (NYSE:CE - Get Free Report) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $47.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has a "neutral" rating on the basic materials company's stock. JPMorgan Chase & Co.'s target price indicates a potential downside of 11.43% from the company's current price.

A number of other brokerages also recently weighed in on CE. Wall Street Zen upgraded Celanese from a "sell" rating to a "hold" rating in a research note on Wednesday, May 14th. BMO Capital Markets cut their price objective on Celanese from $55.00 to $47.00 and set a "market perform" rating on the stock in a research report on Thursday, August 14th. Bank of America decreased their price objective on shares of Celanese from $65.00 to $59.00 and set a "buy" rating for the company in a report on Wednesday, August 13th. Wells Fargo & Company cut their price target on Celanese from $72.00 to $60.00 and set an "overweight" rating for the company in a research note on Wednesday, August 13th. Finally, Deutsche Bank Aktiengesellschaft set a $52.00 target price on shares of Celanese and gave the company a "buy" rating in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $59.94.

Celanese Stock Up 4.8%

Shares of CE stock traded up $2.0530 during trading hours on Thursday, reaching $45.1630. The company had a trading volume of 2,548,024 shares, compared to its average volume of 2,717,765. The company has a market cap of $4.94 billion, a price-to-earnings ratio of -3.05, a price-to-earnings-growth ratio of 1.86 and a beta of 1.10. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese has a 12 month low of $36.29 and a 12 month high of $142.54. The business has a fifty day simple moving average of $54.37 and a 200-day simple moving average of $53.26.

Celanese (NYSE:CE - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The basic materials company reported $1.44 EPS for the quarter, beating analysts' consensus estimates of $1.38 by $0.06. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The business had revenue of $2.53 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $2.38 EPS. Celanese's quarterly revenue was down 4.5% compared to the same quarter last year. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. On average, research analysts expect that Celanese will post 8.79 earnings per share for the current fiscal year.

Insider Transactions at Celanese

In related news, SVP Mark Christopher Murray purchased 1,479 shares of Celanese stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of $52.18 per share, for a total transaction of $77,174.22. Following the completion of the transaction, the senior vice president directly owned 15,468 shares of the company's stock, valued at $807,120.24. This represents a 10.57% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 0.26% of the company's stock.

Institutional Investors Weigh In On Celanese

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CE. Focus Partners Wealth lifted its position in Celanese by 3.9% during the fourth quarter. Focus Partners Wealth now owns 4,197 shares of the basic materials company's stock valued at $291,000 after buying an additional 156 shares during the period. United Capital Financial Advisors LLC lifted its position in Celanese by 2.9% during the 4th quarter. United Capital Financial Advisors LLC now owns 6,167 shares of the basic materials company's stock valued at $427,000 after acquiring an additional 172 shares during the period. Strengthening Families & Communities LLC boosted its stake in Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company's stock worth $25,000 after acquiring an additional 186 shares in the last quarter. Blue Trust Inc. boosted its stake in Celanese by 7.0% during the second quarter. Blue Trust Inc. now owns 3,089 shares of the basic materials company's stock worth $171,000 after acquiring an additional 201 shares in the last quarter. Finally, Tidal Investments LLC grew its holdings in Celanese by 6.8% in the fourth quarter. Tidal Investments LLC now owns 3,263 shares of the basic materials company's stock worth $226,000 after purchasing an additional 209 shares during the period. 98.87% of the stock is owned by hedge funds and other institutional investors.

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.