Celanese - CE Stock Forecast, Price & News

13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 2 sell ratings, 5 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CE shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CE, but not buy additional shares or sell existing shares.
View CE analyst ratings or view top-rated stocks.

13 Wall Street analysts have issued 12-month target prices for Celanese's stock. Their CE share price forecasts range from $83.00 to $150.00. On average, they predict the company's share price to reach $116.00 in the next year. This suggests that the stock has a possible downside of 7.2%.
View analysts price targets for CE or view top-rated stocks among Wall Street analysts.

Celanese's stock was trading at $102.24 at the beginning of 2023. Since then, CE stock has increased by 22.2% and is now trading at $124.98.
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Celanese saw a increase in short interest in the month of December. As of December 30th, there was short interest totaling 2,730,000 shares, an increase of 28.8% from the December 15th total of 2,120,000 shares. Based on an average daily volume of 1,080,000 shares, the days-to-cover ratio is currently 2.5 days. Approximately 2.5% of the shares of the company are sold short.
View Celanese's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 23rd 2023.
View our CE earnings forecast.

Celanese will be holding an earnings conference call on Friday, February 24th at 10:00 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 877-660-6853 with passcode "13735519".

Celanese Co. (NYSE:CE) released its quarterly earnings data on Wednesday, October, 20th. The basic materials company reported $4.82 EPS for the quarter, topping analysts' consensus estimates of $4.75 by $0.07. The basic materials company earned $2.27 billion during the quarter, compared to analyst estimates of $2.19 billion. Celanese had a trailing twelve-month return on equity of 42.26% and a net margin of 17.20%. During the same quarter in the previous year, the company earned $1.95 earnings per share.
Read the conference call transcript.

Celanese declared a quarterly dividend on Wednesday, October 19th. Stockholders of record on Monday, October 31st will be paid a dividend of $0.70 per share on Monday, November 14th. This represents a $2.80 annualized dividend and a yield of 2.24%. The ex-dividend date is Friday, October 28th. This is an increase from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for CE.

Celanese (NYSE:CE) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.30%. The company has been increasing its dividend for 14 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CE will have a dividend payout ratio of 23.03% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CE.

Celanese updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $1.50-$2.00 for the period, compared to the consensus EPS estimate of $3.10. The company issued revenue guidance of -.

103 employees have rated Celanese Chief Executive Officer Mark C. Rohr on Glassdoor.com. Mark C. Rohr has an approval rating of 66% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Celanese investors own include AbbVie (ABBV), NVIDIA (NVDA), Micron Technology (MU), UnitedHealth Group (UNH), Amgen (AMGN), Bank of America (BAC), AT&T (T), Boeing (BA), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Celanese trades on the New York Stock Exchange (NYSE) under the ticker symbol "CE."

Celanese's stock is owned by a number of institutional and retail investors. Top institutional shareholders include Sumitomo Mitsui Trust Holdings Inc. (0.30%), AustralianSuper Pty Ltd (0.16%), Janney Montgomery Scott LLC (0.15%), Gradient Investments LLC (0.14%), Calamos Advisors LLC (0.13%) and New York State Teachers Retirement System (0.12%). Insiders that own company stock include John K Wulff, Kevin S Cavanah, Scott A Richardson, Thomas Francis Kelly and Vanessa Dupuis.
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Shares of CE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of CE stock can currently be purchased for approximately $124.98.

Celanese (NYSE:CE) has a market capitalization of $13.55 billion and generates $8.54 billion in revenue each year. The basic materials company earns $1.89 billion in net income (profit) each year or $15.13 on an earnings per share basis.

The company employs 8,529 workers across the globe.

Celanese's mailing address is 222 West Las Colinas Blvd. Suite 900 North, Irving TX, 75039. The official website for the company is www.celanese.com. The basic materials company can be reached via phone at (972) 443-4000, via email at chuck.kyrish@celanese.com, or via fax at 908-901-4805.