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" 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.
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16 Wall Street research analysts have issued 12 month target prices for Celanese's shares. Their CE share price forecasts range from $105.00 to $200.00. On average, they anticipate the company's stock price to reach $158.80 in the next twelve months. This suggests a possible upside of 38.4% from the stock's current price.
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Celanese's stock was trading at $168.06 at the beginning of 2022. Since then, CE shares have decreased by 31.7% and is now trading at $114.72.
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Celanese saw a increase in short interest in 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 presently 1.6 days. Approximately 1.6% of the shares of the stock are sold short.
View Celanese's Short Interest.

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

Celanese Co. (NYSE:CE) announced its earnings results on Thursday, July, 28th. The basic materials company reported $4.99 EPS for the quarter, topping the consensus estimate of $4.56 by $0.43. The basic materials company had revenue of $2.49 billion for the quarter, compared to analysts' expectations of $2.39 billion. Celanese had a net margin of 20.55% and a trailing twelve-month return on equity of 46.75%. The company's revenue for the quarter was up 13.1% compared to the same quarter last year. During the same period in the prior year, the business posted $5.02 earnings per share.
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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 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date of this dividend is Friday, July 22nd.
Read our dividend analysis for CE.

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.

Celanese issued an update on its third quarter 2022 earnings guidance on Thursday, August, 4th. The company provided earnings per share guidance of $4.00-$4.50 for the period, compared to the consensus EPS estimate of $3.95. 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 many different institutional and retail investors. Top institutional shareholders 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.
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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 $114.72.

Celanese (NYSE:CE) has a market capitalization of $12.43 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.

The company 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 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.