KeyCorp Issues Pessimistic Forecast for Celanese (NYSE:CE) Stock Price

Celanese (NYSE:CE - Get Free Report) had its target price lowered by equities research analysts at KeyCorp from $76.00 to $71.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an "overweight" rating on the basic materials company's stock. KeyCorp's target price would suggest a potential upside of 77.36% from the company's previous close. KeyCorp also issued estimates for Celanese's Q2 2025 earnings at $1.21 EPS, Q3 2025 earnings at $1.40 EPS, Q4 2025 earnings at $1.50 EPS, FY2025 earnings at $4.44 EPS and FY2026 earnings at $7.28 EPS.

A number of other brokerages have also recently issued reports on CE. BMO Capital Markets dropped their price objective on Celanese from $73.00 to $46.00 and set an "underperform" rating on the stock in a report on Thursday, February 20th. StockNews.com lowered shares of Celanese from a "hold" rating to a "sell" rating in a research report on Thursday, February 20th. UBS Group decreased their target price on shares of Celanese from $60.00 to $46.00 and set a "neutral" rating on the stock in a report on Monday, April 7th. Citigroup reduced their price target on shares of Celanese from $58.00 to $52.00 and set a "neutral" rating for the company in a research report on Friday, April 4th. Finally, Royal Bank of Canada cut Celanese from an "outperform" rating to a "sector perform" rating and reduced their target price for the stock from $84.00 to $56.00 in a research report on Thursday, February 20th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $61.33.

Celanese Stock Performance

Shares of CE stock traded up $2.50 on Monday, hitting $40.03. 2,590,695 shares of the stock were exchanged, compared to its average volume of 1,982,331. Celanese has a one year low of $36.29 and a one year high of $169.50. The firm's 50 day moving average is $52.60 and its two-hundred day moving average is $75.51. The firm has a market capitalization of $4.38 billion, a PE ratio of -2.87, a P/E/G ratio of 1.05 and a beta of 1.08. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.

Celanese (NYSE:CE - Get Free Report) last posted its earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.25 by $0.20. The firm had revenue of $2.37 billion during the quarter, compared to the consensus estimate of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. Sell-side analysts expect that Celanese will post 8.79 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. Orion Portfolio Solutions LLC lifted its holdings in Celanese by 19.8% in the third quarter. Orion Portfolio Solutions LLC now owns 4,127 shares of the basic materials company's stock worth $561,000 after buying an additional 682 shares during the period. Barclays PLC lifted its stake in shares of Celanese by 14.0% in the 3rd quarter. Barclays PLC now owns 281,709 shares of the basic materials company's stock valued at $38,300,000 after purchasing an additional 34,658 shares during the period. Pine Valley Investments Ltd Liability Co grew its stake in Celanese by 29.0% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 17,397 shares of the basic materials company's stock worth $2,365,000 after purchasing an additional 3,906 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Celanese in the third quarter worth $179,000. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Celanese during the 3rd quarter valued at $1,302,000. 98.87% of the stock is currently owned by 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.