NYSE:CECelanese Stock Price, Forecast & News

$85.48

-0.64 (-0.74 %)

(As of 05/22/2020 04:00 PM ET)

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Today's Range

$84.24

Now: $85.48▼

$86.23

50-Day Range

$67.10

MA: $78.34▼

$86.34

52-Week Range

$52.70

Now: $85.48▼

$128.88

Volume847,152 shs

Average Volume1.01 million shs

Market Capitalization$10.11 billion

P/E Ratio14.32

Dividend Yield2.90%

Beta1.35

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 Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Beat the Market (BTM) Rank^™

3.2 Analyst's Opinion

Consensus Rating
Celanese has received a consensus rating of Hold. The company's average rating score is 2.40, and is based on 8 buy ratings, 12 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $100.63, Celanese has a potential upside of 17.7% from its current price of $85.48.
Amount of Analyst Coverage
Celanese has been the subject of 15 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

2.6 Community Rank

Outperform Votes
Celanese has received 584 “outperform” votes. (Add your “outperform” vote.)
Underperform Votes
Celanese has received 534 “underperform” votes. (Add your “underperform” vote.)
Community Sentiment
Celanese has received 52.24% “outperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about Celanese and other stocks. Vote “Outperform” if you believe CE will outperform the S&P 500 over the long term. Vote “Underperform” if you believe CE will underperform the S&P 500 over the long term. You may vote once every thirty days.

4.2 Dividend Strength

Dividend Leadership
Celanese is a leading dividend payer. It pays a dividend yield of 2.90%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Celanese has been increasing its dividend for 8 years.
Dividend Coverage
The dividend payout ratio of Celanese is 26.02 %. This payout ratio is at a healthy, sustainable level, below 75%.
Dividend Sustainability
Based on earnings estimates, Celanese will have a dividend payout ratio of 29.01 % next year. This indicates that Celanese will be able to sustain or increase its dividend.

1.0 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Celanese insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.69% of the stock of Celanese is held by insiders.
Percentage Held by Institutions
94.80% of the stock of Celanese is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.9 Earnings and Valuation

Earnings Growth
Earnings for Celanese are expected to grow by 27.42% in the coming year, from $6.71 to $8.55 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Celanese is 14.32, which means that it is trading at a more expensive P/E ratio than the market average P/E ratio of about 13.42.
Price to Earnings Ratio vs. Sector
The P/E ratio of Celanese is 14.32, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 17.40.
Price to Earnings Growth Ratio
Celanese has a PEG Ratio of 3.01. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Celanese has a P/B Ratio of 3.56. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Overall Beat the Market Rank^™

2.57 out of 5 stars

Industry, Sector and Symbol

Stock Exchange NYSE

Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic

Sub-IndustrySpecialty Chemicals

SectorBasic Materials

Current SymbolNYSE:CE

Previous Symbol

CUSIP15087010

CIK1306830

Webwww.celanese.com

Phone972-443-4000

Debt

Debt-to-Equity Ratio1.25

Current Ratio1.48

Quick Ratio0.94

Price-To-Earnings

Trailing P/E Ratio14.32

Forward P/E Ratio12.74

P/E Growth3.01

Sales & Book Value

Annual Sales$6.30 billion

Price / Sales1.60

Cash Flow$12.93 per share

Price / Cash Flow6.61

Book Value$23.99 per share

Price / Book3.56

Profitability

EPS (Most Recent Fiscal Year)$9.53

Net Income$852 million

Net Margins12.08%

Return on Equity37.21%

Return on Assets11.89%

Miscellaneous

Employees7,714

Outstanding Shares118,230,000

Market Cap$10.11 billion

Next Earnings Date7/27/2020 (Estimated)

OptionableOptionable

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Celanese (NYSE:CE) Frequently Asked Questions

How has Celanese's stock been impacted by COVID-19 (Coronavirus)?

Celanese's stock was trading at $80.67 on March 11th, 2020 when Coronavirus reached pandemic status according to the World Health Organization. Since then, CE stock has increased by 6.0% and is now trading at $85.48. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of Celanese?

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 12 hold ratings and 8 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for Celanese.

When is Celanese's next earnings date?

Celanese is scheduled to release its next quarterly earnings announcement on Monday, July 27th 2020. View our earnings forecast for Celanese.

How were Celanese's earnings last quarter?

Celanese Co. (NYSE:CE) released its quarterly earnings data on Monday, April, 27th. The basic materials company reported $2.29 earnings per share for the quarter, topping the Zacks' consensus estimate of $2.19 by $0.10. The basic materials company earned $1.46 billion during the quarter, compared to analysts' expectations of $1.54 billion. Celanese had a net margin of 12.08% and a return on equity of 37.21%. The business's revenue for the quarter was down 13.5% compared to the same quarter last year. During the same period last year, the firm posted $2.62 earnings per share. View Celanese's earnings history.

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

Celanese declared a quarterly dividend on Wednesday, April 15th. Investors of record on Monday, April 27th will be given a dividend of $0.62 per share on Thursday, May 7th. This represents a $2.48 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Friday, April 24th. View Celanese's dividend history.

What price target have analysts set for CE?

20 brokerages have issued twelve-month target prices for Celanese's stock. Their forecasts range from $81.00 to $135.00. On average, they anticipate Celanese's stock price to reach $100.63 in the next twelve months. This suggests a possible upside of 17.7% from the stock's current price. View analysts' price targets for Celanese.

Has Celanese been receiving favorable news coverage?

Press coverage about CE stock has trended extremely negative this week, according to InfoTrie Sentiment Analysis. The research group identifies negative and positive news coverage by monitoring more than six thousand news and blog sources. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Celanese earned a media sentiment score of -4.5 on InfoTrie's scale. They also gave news articles about the basic materials company a news buzz of 10.0 out of 10, meaning that recent news coverage is extremely likely to have an effect on the company's share price in the next few days. View the latest news aboutCelanese.

Are investors shorting Celanese?

Celanese saw a increase in short interest in April. As of April 30th, there was short interest totaling 2,500,000 shares, an increase of 22.5% from the April 15th total of 2,040,000 shares. Based on an average daily volume of 1,140,000 shares, the days-to-cover ratio is presently 2.2 days. Approximately 2.1% of the shares of the stock are short sold. View Celanese's Current Options Chain.

Who are some of Celanese's key competitors?

Some companies that are related to Celanese include Ecolab (ECL), Sherwin-Williams (SHW), International Flavors & Fragrances (IFF), RPM International (RPM), Albemarle (ALB), NewMarket (NEU), Ashland Global (ASH), W. R. Grace & Co (GRA), Quaker Chemical (KWR), Balchem (BCPC), PolyOne (POL), Stepan (SCL), Sensient Technologies (SXT), HB Fuller (FUL) and Innospec (IOSP). View all competitors.

What other stocks do shareholders of Celanese own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Celanese investors own include NVIDIA (NVDA), AbbVie (ABBV), Alibaba Group (BABA), Home Depot (HD), UnitedHealth Group (UNH), Boeing (BA), JPMorgan Chase & Co. (JPM), Micron Technology (MU), Citigroup (C) and Walt Disney (DIS).

Who are Celanese's key executives?

Celanese's management team includes the following people:

Mr. Mark C. Rohr, Chairman, CEO & Pres (Age 68)
Mr. Scott A. Richardson, Sr. VP & CFO (Age 42)
Ms. Shannon L. Jurecka, Sr. VP & Chief HR Officer (Age 49)
Mr. Kevin S. Oliver, Chief Financial Officer for European Headquarters (Age 47)
Ms. Benita M. Casey, Chief Accounting Officer, VP of Fin. & Controller

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 number of institutional and retail investors. Top institutional shareholders include Wellington Management Group LLP (8.18%), BlackRock Inc. (7.31%), Capital International Investors (6.46%), State Street Corp (4.57%), Wells Fargo & Company MN (2.64%) and Lyrical Asset Management LP (2.39%). Company insiders that own Celanese stock include John K Wulff and Peter G Edwards. View institutional ownership trends for Celanese.

Which major investors are selling Celanese stock?

CE stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Forsta AP Fonden, State Street Corp, Lyrical Asset Management LP, APG Asset Management N.V., Public Sector Pension Investment Board, Hexavest Inc., and PNC Financial Services Group Inc.. View insider buying and selling activity for Celanese.

Which major investors are buying Celanese stock?

CE stock was purchased by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, Capital International Investors, Wells Fargo & Company MN, Sumitomo Mitsui Trust Holdings Inc., Janus Henderson Group PLC, Canada Pension Plan Investment Board, JPMorgan Chase & Co., and Appian Way Asset Management LP. View insider buying and selling activity for Celanese.

How do I buy shares of Celanese?

Shares of CE can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is Celanese's stock price today?

One share of CE stock can currently be purchased for approximately $85.48.

How big of a company is Celanese?

Celanese has a market capitalization of $10.11 billion and generates $6.30 billion in revenue each year. The basic materials company earns $852 million in net income (profit) each year or $9.53 on an earnings per share basis. Celanese employs 7,714 workers across the globe.

What is Celanese's official website?

The official website for Celanese is www.celanese.com.

How can I contact Celanese?

Celanese's mailing address is 222 West Las Colinas Blvd. Suite 900 North, Irving TX, 75039. The basic materials company can be reached via phone at 972-443-4000 or via email at [email protected]

This page was last updated on 5/24/2020 by MarketBeat.com Staff