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NYSE:CECelanese Stock Price, Forecast & News

$89.91
-2.43 (-2.63 %)
(As of 05/29/2020 04:00 PM ET)
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Today's Range
$88.09
Now: $89.91
$90.90
50-Day Range
$72.26
MA: $81.01
$94.10
52-Week Range
$52.70
Now: $89.91
$128.88
Volume2.51 million shs
Average Volume913,592 shs
Market Capitalization$10.63 billion
P/E Ratio15.06
Dividend Yield2.76%
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.
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Beat the Market (BTM) Rank

Analyst Opinion: 3.2Community Rank: 2.6Dividend Strength: 4.2Insider Behavior: 1.0Valuation: 2.5 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

2.69 out of 5 stars


Industry, Sector and Symbol

Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustrySpecialty Chemicals
CUSIP15087010
Phone972-443-4000

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.30 billion
Cash Flow$12.92 per share
Book Value$23.99 per share

Profitability

Net Income$852 million

Miscellaneous

Employees7,714
Market Cap$10.63 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 COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, CE stock has increased by 11.5% and is now trading at $89.91. 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 13 hold ratings and 7 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 results on Monday, April, 27th. The basic materials company reported $2.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters' 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%. Celanese's revenue was down 13.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.62 earnings per share. View Celanese's earnings history.

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

Celanese announced a quarterly dividend on Wednesday, April 15th. Shareholders of record on Monday, April 27th will be paid 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 2.76%. The ex-dividend date is Friday, April 24th. View Celanese's dividend history.

What price target have analysts set for CE?

20 equities research analysts have issued 1-year price objectives for Celanese's stock. Their forecasts range from $81.00 to $135.00. On average, they expect Celanese's stock price to reach $100.11 in the next year. This suggests a possible upside of 11.3% from the stock's current price. View analysts' price targets for Celanese.

Has Celanese been receiving favorable news coverage?

Media stories about CE stock have been trending extremely negative this week, InfoTrie reports. The research group rates the sentiment of media coverage by reviewing more than six thousand blog and news sources in real-time. The firm ranks coverage of companies on a scale of negative five to five, with scores closest to five being the most favorable. Celanese earned a daily sentiment score of -4.3 on InfoTrie's scale. They also gave media stories about the basic materials company a news buzz of 1.0 out of 10, indicating that recent media coverage is extremely unlikely to have an impact on the stock's share price in the immediate future. View the latest news aboutCelanese.

Are investors shorting Celanese?

Celanese saw a increase in short interest in the month of 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 trading volume, of 1,140,000 shares, the short-interest ratio is currently 2.2 days. Currently, 2.1% of the shares of the stock are sold short. View Celanese's Current Options Chain.

Who are some of Celanese's key 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 variety of retail and institutional investors. Top institutional investors 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 institutional 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 institutional investors are buying Celanese stock?

CE stock was acquired 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 1832 Asset Management L.P.. 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 $89.91.

How big of a company is Celanese?

Celanese has a market capitalization of $10.63 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 5/31/2020 by MarketBeat.com Staff

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