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NYSE:CE

Celanese Stock Forecast, Price & News

$113.51
-0.28 (-0.25 %)
(As of 10/30/2020 12:00 AM ET)
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Today's Range
$111.37
Now: $113.51
$113.88
50-Day Range
$105.10
MA: $112.81
$120.18
52-Week Range
$52.70
Now: $113.51
$128.88
Volume752,864 shs
Average Volume717,867 shs
Market Capitalization$13.43 billion
P/E Ratio23.50
Dividend Yield6.67%
Beta1.33
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: 2.2Community Rank: 2.6Dividend Strength: 1.7Insider Behavior: 1.0Valuation: 1.9 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.88 out of 5 stars

Industry, Sector and Symbol

Industry Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-IndustrySpecialty Chemicals
CUSIP15087010
Phone972-443-4000
Employees7,714

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$6.30 billion
Cash Flow$13.15 per share
Book Value$24.38 per share

Profitability

Net Income$852 million

Miscellaneous

Market Cap$13.43 billion
Next Earnings Date2/4/2021 (Estimated)
OptionableOptionable
$113.51
-0.28 (-0.25 %)
(As of 10/30/2020 12:00 AM ET)
30 days | 90 days | 365 days | Advanced Chart

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Celanese (NYSE:CE) Frequently Asked Questions

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

Celanese's stock was trading at $80.67 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, CE shares have increased by 40.7% and is now trading at $113.51.
View which stocks have been most impacted by COVID-19
.

Do Wall Street analysts recommend investors buy shares of Celanese?

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last year. There are currently 11 hold ratings and 10 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 Thursday, February 4th 2021.
View our earnings forecast for Celanese
.

How were Celanese's earnings last quarter?

Celanese Co. (NYSE:CE) released its earnings results on Tuesday, July, 28th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.05 by $0.25. The basic materials company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.08 billion. Celanese had a return on equity of 31.41% and a net margin of 10.46%. The business's revenue for the quarter was down 25.1% on a year-over-year basis. During the same period last year, the company earned $2.38 EPS.
View Celanese's earnings history
.

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

Celanese declared a monthly dividend on Wednesday, October 14th. Stockholders of record on Tuesday, October 27th will be paid a dividend of $0.62 per share on Tuesday, November 10th. This represents a $7.44 dividend on an annualized basis and a yield of 6.55%. The ex-dividend date of this dividend is Monday, October 26th.
View Celanese's dividend history
.

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

Celanese updated its FY20 earnings guidance on Monday, October, 26th. The company provided earnings per share (EPS) guidance of $7.00-7.10 for the period, compared to the Thomson Reuters consensus EPS estimate of $6.96.

What price target have analysts set for CE?

21 analysts have issued 12-month price targets for Celanese's shares. Their forecasts range from $85.00 to $140.00. On average, they expect Celanese's stock price to reach $111.42 in the next year. This suggests that the stock has a possible downside of 1.8%.
View analysts' price targets for Celanese
.

Are investors shorting Celanese?

Celanese saw a drop in short interest in October. As of October 15th, there was short interest totaling 1,950,000 shares, a drop of 16.3% from the September 30th total of 2,330,000 shares. Based on an average trading volume of 791,100 shares, the short-interest ratio is currently 2.5 days. Approximately 1.7% of the company's shares are sold short.
View Celanese's Short Interest
.

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 AbbVie (ABBV), NVIDIA (NVDA), Micron Technology (MU), UnitedHealth Group (UNH), Amgen (AMGN), Bank of America (BAC), AT&T (T), The Boeing (BA), Alibaba Group (BABA) and JPMorgan Chase & Co. (JPM).

Who are Celanese's key executives?

Celanese's management team includes the following people:
  • Ms. Lori J. Ryerkerk, Chairman, Pres & CEO (Age 57, Pay $1.03M)
  • Mr. Scott A. Richardson, Exec. VP & CFO (Age 43, Pay $875.67k)
  • Ms. A. Lynne Puckett, Sr. VP & Gen. Counsel (Age 57, Pay $1.06M)
  • Ms. Shannon L. Jurecka, Sr. VP & Chief HR Officer (Age 50, Pay $659.99k)
  • 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 many different retail and institutional investors. Top institutional shareholders include LSV Asset Management (2.29%), Nisa Investment Advisors LLC (0.15%), Artemis Investment Management LLP (0.15%), Robeco Institutional Asset Management B.V. (0.10%), Retirement Systems of Alabama (0.09%) and Gateway Investment Advisers LLC (0.09%).
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 LSV Asset Management, Dupont Capital Management Corp, CX Institutional, Pacer Advisors Inc., James Investment Research Inc., Hexavest Inc., Robeco Institutional Asset Management B.V., and Smith Graham & Co. Investment Advisors LP.
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 Artemis Investment Management LLP, Nisa Investment Advisors LLC, BNP Paribas Arbitrage SA, Farmers Trust Co., Adams Natural Resources Fund Inc., Forsta AP Fonden, Exane Derivatives, and Exane Derivatives.
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 $113.51.

How big of a company is Celanese?

Celanese has a market capitalization of $13.43 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 10/31/2020 by MarketBeat.com Staff

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