Timothy Go Acquires 1,039 Shares of Celanese (NYSE:CE) Stock

Key Points

• Director Timothy Go of Celanese Corporation purchased 1,039 shares at an average price of $46.25, increasing his total ownership in the company by 30.78%.
• Celanese reported quarterly earnings of $1.44 per share, exceeding analysts' expectations of $1.38, despite a 4.5% year-over-year decrease in revenue.
• The company's stock has faced analyst downgrades, with BMO Capital Markets reducing their price objective from $55.00 to $47.00 while maintaining a "market perform" rating.

Celanese Corporation (NYSE:CE - Get Free Report) Director Timothy Go purchased 1,039 shares of the firm's stock in a transaction dated Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the purchase, the director directly owned 4,415 shares in the company, valued at approximately $204,193.75. This represents a 30.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Celanese Price Performance

CE stock traded down $1.84 during midday trading on Tuesday, hitting $44.68. 2,471,967 shares of the stock were exchanged, compared to its average volume of 2,768,113. The stock's 50-day moving average price is $51.90 and its 200-day moving average price is $51.36. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of -3.01, a PEG ratio of 2.21 and a beta of 1.11. Celanese Corporation has a fifty-two week low of $36.29 and a fifty-two week high of $142.54.

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 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 analysts' expectations of $2.50 billion. During the same quarter last year, the business posted $2.38 earnings per share. The business's revenue for the quarter was down 4.5% on a year-over-year basis. Celanese has set its Q3 2025 guidance at 1.100-1.400 EPS. Research analysts predict that Celanese Corporation will post 8.79 earnings per share for the current year.

Celanese Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, August 11th. Stockholders of record on Tuesday, July 29th were given a $0.03 dividend. The ex-dividend date was Tuesday, July 29th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese's dividend payout ratio is currently -0.81%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. BMO Capital Markets cut their price objective 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. Jefferies Financial Group cut their price target on Celanese from $47.00 to $43.00 and set a "hold" rating for the company in a report on Monday. Alembic Global Advisors set a $60.00 price objective on Celanese in a research note on Monday, August 25th. Citigroup boosted their target price on shares of Celanese from $52.00 to $65.00 and gave the company a "neutral" rating in a research note on Thursday, July 10th. Finally, Bank of America reduced their target price on shares of Celanese from $65.00 to $59.00 and set a "buy" rating on the stock in a report on Wednesday, August 13th. Six research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $57.22.

Hedge Funds Weigh In On Celanese

Hedge funds have recently made changes to their positions in the business. Osaic Holdings Inc. lifted its stake in Celanese by 28.5% during the second quarter. Osaic Holdings Inc. now owns 4,503 shares of the basic materials company's stock valued at $249,000 after purchasing an additional 998 shares during the last quarter. Hudson Bay Capital Management LP grew its position in Celanese by 138.5% in the second quarter. Hudson Bay Capital Management LP now owns 100,165 shares of the basic materials company's stock worth $5,542,000 after buying an additional 58,165 shares during the last quarter. Geneos Wealth Management Inc. increased its holdings in shares of Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company's stock valued at $28,000 after buying an additional 270 shares in the last quarter. Public Sector Pension Investment Board lifted its position in shares of Celanese by 7.6% during the 2nd quarter. Public Sector Pension Investment Board now owns 373,003 shares of the basic materials company's stock valued at $20,638,000 after acquiring an additional 26,386 shares during the last quarter. Finally, Evergreen Capital Management LLC bought a new stake in shares of Celanese during the 2nd quarter worth $226,000. Institutional investors and hedge funds own 98.87% of the company's stock.

Celanese Company 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.

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