Celanese (CE) Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last twelve months. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" Celanese stock. 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 analyst ratings for Celanese or view top-rated stocks.

16 Wall Street analysts have issued 12-month price targets for Celanese's shares. Their CE stock forecasts range from $105.00 to $225.00. On average, they anticipate Celanese's stock price to reach $161.80 in the next year. This suggests a possible upside of 46.0% from the stock's current price.
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Celanese's stock was trading at $168.06 at the start of the year. Since then, CE stock has decreased by 34.0% and is now trading at $110.85.
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Celanese saw a increase in short interest during the month of July. As of July 15th, there was short interest totaling 1,760,000 shares, an increase of 27.5% from the June 30th total of 1,380,000 shares. Based on an average daily trading volume, of 1,100,000 shares, the short-interest ratio is currently 1.6 days. Currently, 1.6% of the company's stock are sold short.
View Celanese's Short Interest.

Celanese is scheduled to release its next quarterly earnings announcement on Thursday, October 20th 2022.
View our earnings forecast for Celanese.

Celanese Co. (NYSE:CE) posted its earnings results on Thursday, July, 28th. The basic materials company reported $4.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.56 by $0.43. The basic materials company earned $2.49 billion during the quarter, compared to analyst estimates of $2.39 billion. Celanese had a trailing twelve-month return on equity of 46.75% and a net margin of 20.55%. The firm's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $5.02 EPS.
Read Celanese's conference call transcript.

Celanese announced a quarterly dividend on Wednesday, July 13th. Investors of record on Monday, July 25th will be given a dividend of $0.68 per share on Monday, August 8th. This represents a $2.72 annualized dividend and a yield of 2.45%. The ex-dividend date is Friday, July 22nd.
View Celanese's dividend history.

Celanese(NYSE:CE) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.45%. Celanese 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 of Celanese is 15.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Celanese will have a dividend payout ratio of 17.27% next year. This indicates that Celanese will be able to sustain or increase its dividend.
View Celanese's dividend history.

Celanese issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $4.00-$4.50 for the period, compared to the consensus earnings per share estimate of $3.95. The company issued revenue guidance of -.

103 employees have rated Celanese CEO Mark C. Rohr on Glassdoor.com. Mark C. Rohr has an approval rating of 66% among Celanese'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 retail and institutional investors. Top institutional investors include Sumitomo Mitsui Trust Holdings Inc. (0.30%), Envestnet Asset Management Inc. (0.30%), AustralianSuper Pty Ltd (0.21%), Roosevelt Investment Group LLC (0.18%), Russell Investments Group Ltd. (0.14%) and New York State Teachers Retirement System (0.13%). Company insiders that own Celanese stock include John K Wulff, Kevin S Cavanah, Scott A Richardson, Thomas Francis Kelly and Vanessa Dupuis.
View institutional ownership trends for Celanese.

Shares of CE 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 $110.85.

Celanese (NYSE:CE) has a market capitalization of $12.01 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 $17.94 on an earnings per share basis.

Celanese employs 8,529 workers across the globe.

Celanese was founded in 1918.

Celanese's mailing address is 222 West Las Colinas Blvd. Suite 900 North, Irving TX, 75039. The official website for Celanese 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.