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NYSE:CE

Celanese - CE Stock Forecast, Price & News

$117.88
+1.66 (+1.43%)
(As of 08/16/2022 12:46 PM ET)
Add
Compare
Today's Range
$116.19
$118.03
50-Day Range
$106.73
$161.30
52-Week Range
$104.74
$176.50
Volume
9,783 shs
Average Volume
1.07 million shs
Market Capitalization
$12.77 billion
P/E Ratio
6.57
Dividend Yield
2.31%
Price Target
$158.80

Celanese MarketRank™ Forecast

Analyst Rating
Hold
2.38 Rating Score
Upside/​Downside
35.8% Upside
$158.80 Price Target
Short Interest
Healthy
1.69% of Float Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-5.66
Upright™ Environmental Score
News Sentiment
0.06mentions of Celanese in the last 14 days
Based on 17 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
-13.11%
From $18.00 to $15.64 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.56 out of 5 stars

Basic Materials Sector

44th out of 170 stocks

Plastics Materials & Synthetic Resins, Synthetic Rubber, Cellulosic Industry

2nd out of 2 stocks

CE stock logo

About Celanese (NYSE:CE) Stock

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through three segments: Engineered Materials, Acetate Tow, 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. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Citigroup cut shares of Celanese to a "neutral" rating in a report on Tuesday, August 9th. UBS Group decreased their price objective on shares of Celanese from $166.00 to $163.00 and set a "buy" rating for the company in a report on Friday, July 29th. Jefferies Financial Group cut shares of Celanese from a "buy" rating to a "hold" rating in a report on Thursday, June 16th. Wells Fargo & Company decreased their price objective on shares of Celanese from $200.00 to $180.00 and set an "overweight" rating for the company in a report on Monday, June 27th. Finally, Bank of America decreased their price objective on shares of Celanese from $171.00 to $144.00 and set a "neutral" rating for the company in a report on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, Celanese currently has a consensus rating of "Hold" and a consensus price target of $158.80.

Celanese Stock Performance

CE opened at $116.22 on Tuesday. The firm has a market cap of $12.59 billion, a P/E ratio of 6.48 and a beta of 1.22. Celanese has a 1-year low of $104.74 and a 1-year high of $176.50. The company has a 50 day simple moving average of $120.10 and a two-hundred day simple moving average of $137.57. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.72 and a quick ratio of 1.06.

Celanese (NYSE:CE - Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The basic materials company reported $4.99 earnings per share for the quarter, topping analysts' consensus estimates of $4.56 by $0.43. Celanese had a net margin of 20.55% and a return on equity of 46.75%. The business had revenue of $2.49 billion during the quarter, compared to analyst estimates of $2.39 billion. During the same period in the prior year, the business posted $5.02 earnings per share. The company's revenue was up 13.1% on a year-over-year basis. Equities analysts forecast that Celanese will post 18 earnings per share for the current fiscal year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 8th. Stockholders of record on Monday, July 25th were issued a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Friday, July 22nd. Celanese's dividend payout ratio (DPR) is presently 15.16%.

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CE Stock News Headlines

3 Surefire Warren Buffett Dividend Stocks to Buy Now
Celanese (NYSE:CE) Rating Lowered to Neutral at Citigroup
Celanese (NYSE:CE) Lifted to "Buy" at StockNews.com
Barclays Cuts Celanese (NYSE:CE) Price Target to $165.00
Celanese (NYSE:CE) Downgraded to Neutral at Citigroup
Expert Ratings for Celanese - Benzinga
UBS Group Trims Celanese (NYSE:CE) Target Price to $163.00
StockNews.com Downgrades Celanese (NYSE:CE) to Hold
Analysts Set Celanese Co. (NYSE:CE) PT at $175.19
See More Headlines
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CE Company Calendar

Ex-Dividend for 8/8 Dividend
7/22/2022
Last Earnings
7/28/2022
Dividend Payable
8/08/2022
Today
8/16/2022
Next Earnings (Estimated)
10/20/2022
Fiscal Year End
12/31/2022

Industry, Sector and Symbol

Industry
Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-Industry
Specialty Chemicals
CUSIP
15087010
Employees
8,529
Year Founded
1918

Price Target and Rating

Average Stock Price Forecast
$158.80
High Stock Price Forecast
$200.00
Low Stock Price Forecast
$105.00
Forecasted Upside/Downside
+34.7%
Consensus Rating
Hold
Rating Score (0-4)
2.38
Research Coverage
16 Analysts

Profitability

Net Income
$1.89 billion
Pretax Margin
24.56%

Debt

Sales & Book Value

Annual Sales
$8.54 billion
Cash Flow
$22.37 per share
Book Value
$42.00 per share

Miscellaneous

Free Float
108,111,000
Market Cap
$12.77 billion
Optionable
Optionable
Beta
1.22

Social Links


Key Executives














CE Stock - Frequently Asked Questions

Should I buy or sell Celanese stock right now?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 2 sell ratings, 6 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street 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.

What is Celanese's stock price forecast for 2022?

16 Wall Street research analysts have issued 1 year price targets for Celanese's shares. Their CE share price forecasts range from $105.00 to $200.00. On average, they anticipate the company's share price to reach $158.80 in the next year. This suggests a possible upside of 36.6% from the stock's current price.
View analysts price targets for CE
or view top-rated stocks among Wall Street analysts.

How have CE shares performed in 2022?

Celanese's stock was trading at $168.06 at the start of the year. Since then, CE stock has decreased by 30.8% and is now trading at $116.22.
View the best growth stocks for 2022 here
.

Are investors shorting Celanese?

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 days-to-cover ratio is currently 1.6 days. Currently, 1.6% of the shares of the company are short sold.
View Celanese's Short Interest
.

When is Celanese's next earnings date?

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

How were Celanese's earnings last quarter?

Celanese Co. (NYSE:CE) issued its quarterly earnings results on Thursday, July, 28th. The basic materials company reported $4.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.56 by $0.43. The basic materials company had revenue of $2.49 billion for 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 business's quarterly revenue was up 13.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $5.02 EPS.
Read the conference call transcript
.

How often does Celanese pay dividends? What is the dividend yield for Celanese?

Celanese announced a quarterly dividend on Wednesday, July 13th. Shareholders 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 dividend on an annualized basis and a yield of 2.34%. The ex-dividend date of this dividend is Friday, July 22nd.
Read our dividend analysis for CE
.

Is Celanese a good dividend stock?

Celanese (NYSE:CE) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.31%. 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 15.16%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CE will have a dividend payout ratio of 17.39% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CE.

What guidance has Celanese issued on next quarter's earnings?

Celanese updated 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 EPS estimate of $3.95. The company issued revenue guidance of -.

What is Mark C. Rohr's approval rating as Celanese's CEO?

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.

What other stocks do shareholders of Celanese own?

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).

What is Celanese's stock symbol?

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

Who are Celanese's major shareholders?

Celanese's stock is owned by a variety of institutional and retail investors. Top institutional investors include Dodge & Cox (6.60%), State Street Corp (4.65%), Brown Brothers Harriman & Co. (2.21%), Wells Fargo & Company MN (1.97%), FMR LLC (1.60%) and JPMorgan Chase & Co. (1.25%). Insiders that own company stock include John K Wulff, Kevin S Cavanah, Scott A Richardson, Thomas Francis Kelly and Vanessa Dupuis.
View institutional ownership trends
.

How do I buy shares of Celanese?

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.
Compare Top Brokerages Here.

What is Celanese's stock price today?

One share of CE stock can currently be purchased for approximately $116.22.

How much money does Celanese make?

Celanese (NYSE:CE) has a market capitalization of $12.59 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.

How many employees does Celanese have?

The company employs 8,529 workers across the globe.

Does Celanese have any subsidiaries?
The following companies are subsidiares of Celanese: Acetate Belgium Holdings B.V., Acetate Belgium Holdings LLC, Acetate Europe Coöperatief U.A., Acetate Holding Company Limited, Acetate Holdings LLC, Acetate Hong Kong Holdings LLC, Acetate Intermediate Holdings LLC, Acetate International LLC, Acetate Luxembourg S.à r.l., Acetate Sales U.S. Ltd., Acetate UTP Holdings LLC, Acetex (Cyprus) Ltd., Acetex Chimie S.A.S., Acetex Corporation, CCC Environmental Management and Solutions GmbH & Co. KG, CCC Environmental Management and Solutions Verwaltungs-GmbH, CE Mexico Holdings LLC, CE Receivables LLC, CELX Investments S.à r.l., CEMX Holdings LLC, CNA Holdings LLC, CdwllMex S. de R.L. de C.V., Celanese (China) Holding Co. Ltd., Celanese (Nanjing) Chemical Co. Ltd., Celanese (Shanghai) International Trading Co. Ltd., Celanese (Suzhou) Engineering Plastics Co. Ltd., Celanese (Thailand) Limited, Celanese Acetate C.V., Celanese Acetate Holdings LLC, Celanese Acetate LLC, Celanese Alpine S.à r.l. & Co. KG, Celanese Americas LLC, Celanese BVBA, Celanese Canada ULC, Celanese Chemicals Inc., Celanese Chemicals India Private Limited, Celanese Chemicals S.A. (Pty) Ltd., Celanese Comercial S. de R.L. de C.V., Celanese Deutschland Holding GmbH, Celanese EVA Performance Polymers LLC, Celanese Emulsions Ltd., Celanese Emulsions Pension Plan Trustees Limited, Celanese Europe B.V., Celanese Europe Holdings LLC, Celanese Far East Limited, Celanese Finance Company Limited, Celanese Finance Holdings 1 LLC, Celanese Finance Holdings 2 LLC, Celanese Foreign Holdings U.K. Limited, Celanese France Holdings S.à r.l., Celanese Global Relocation LLC, Celanese Holding 1 S. de R.L. de C.V., Celanese Holding Company Limited, Celanese Holdings B.V., Celanese Hong Kong Holdings LLC, Celanese Hungary Kft., Celanese IP Germany GmbH, Celanese IP Hungary Bt., Celanese Iberica Holdings LLC, Celanese India Holdings B.V., Celanese Internal Finance Limited, Celanese International Corporation, Celanese International Holdings LLC, Celanese Japan Limited, Celanese Korea Ltd., Celanese Ltd., Celanese Materials Mexico S. de R.L. de C.V., Celanese Mexico Holdings LLC, Celanese Operations Mexico S. de R.L. de C.V., Celanese PTE. LTD., Celanese Production Belgium BVBA, Celanese Production Germany GmbH & Co. KG, Celanese Production Italy S.r.l., Celanese Production Netherlands B.V., Celanese Production Sweden AB, Celanese Production UK Limited, Celanese Property Germany GmbH & Co. KG, Celanese S.A., Celanese Sales Austria GmbH, Celanese Sales Czech Republic s.r.o., Celanese Sales France S.A.S., Celanese Sales Germany GmbH, Celanese Sales Ibérica S.L.U., Celanese Sales Italy S.r.l., Celanese Sales Netherlands B.V., Celanese Sales Rus AO, Celanese Sales U.S. Ltd., Celanese Sales UK Limited, Celanese Services Germany GmbH, Celanese Services Italy S.r.l., Celanese Services UK Limited, Celanese Singapore Acetyls Holding PTE. LTD., Celanese Singapore Chemical Holding PTE. LTD., Celanese Singapore Emulsions PTE. LTD., Celanese Singapore Holdings LLC, Celanese Singapore PTE. LTD., Celanese Singapore VAM PTE. LTD., Celanese US Holdings LLC, Celanese Ventas Mexico S. de R.L. de C.V., Celanese do Brasil Ltda., Celtran Inc., Celwood Insurance Company, Cool Polymers Inc, Elwood Limited, FKAT LLC, Grupo Celanese S. de R.L. de C.V., HNA Acquisition ULC, Holding Softer America S.A. de C.V, Infraserv Verwaltungs GmbH, KEP Americas Engineering Plastics LLC, KEP Europe GmbH, Next Polymers Limited, Next Polymers Ltd., Nilit Plastics, PT Celanese Indonesia Operations, PT Celanese Indonesia Services, RIOMAVA GmbH, SO.F.TER. GROUP, Servicios Acetato Mexico S. de R.L. de C.V., Servicios Corporativos Celanese S. de R.L. de C.V., So.F.teR Brasil Compostos Termoplasticos Ltda., Tenedora Tercera de Toluca S. de R.L. de C.V., Ticona Fortron Inc., Ticona LLC, Ticona Polymers Inc., Ticona Polymers Ltda., and Vinamul Polymers.
Read More
When was Celanese founded?

Celanese was founded in 1918.

How can I contact Celanese?

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.

This page (NYSE:CE) was last updated on 8/16/2022 by MarketBeat.com Staff

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