Celanese Stock Forecast, Price & News

17 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Celanese in the last twelve months. There are currently 2 sell ratings, 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" Celanese stock.
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17 equities research analysts have issued 12 month target prices for Celanese's stock. Their CE stock forecasts range from $105.00 to $225.00. On average, they anticipate Celanese's stock price to reach $182.69 in the next year. This suggests a possible upside of 54.6% 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 29.7% and is now trading at $118.19.
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Celanese saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 1,980,000 shares, an increase of 24.5% from the April 30th total of 1,590,000 shares. Based on an average daily volume of 1,110,000 shares, the days-to-cover ratio is presently 1.8 days. Currently, 1.8% of the shares of the company are short sold.
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Celanese is scheduled to release its next quarterly earnings announcement on Thursday, July 28th 2022.
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Celanese Co. (NYSE:CE) announced its quarterly earnings results on Thursday, April, 28th. The basic materials company reported $5.54 EPS for the quarter, beating analysts' consensus estimates of $4.49 by $1.05. The basic materials company earned $2.54 billion during the quarter, compared to analyst estimates of $2.26 billion. Celanese had a net margin of 22.31% and a trailing twelve-month return on equity of 50.03%. The firm's revenue was up 41.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $3.46 EPS.
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Celanese declared a quarterly dividend on Tuesday, April 19th. Shareholders of record on Thursday, April 28th will be given a dividend of $0.68 per share on Thursday, May 12th. This represents a $2.72 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date is Wednesday, April 27th.
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Celanese(NYSE:CE) pays an annual dividend of $2.72 per share and currently has a dividend yield of 2.18%. Celanese 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 of Celanese is 14.52%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, Celanese will have a dividend payout ratio of 16.37% next year. This indicates that Celanese will be able to sustain or increase its dividend.
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Celanese updated its second quarter 2022 earnings guidance on Monday, May, 9th. The company provided earnings per share guidance of $4.50-$4.50 for the period. The company issued revenue guidance of -.

103 employees have rated Celanese CEO Mark C. Rohr on Glassdoor.com. Mark C. Rohr has an approval rating of 66% among Celanese's employees.

Some companies that are related to Celanese include Sherwin-Williams (SHW), Ecolab (ECL), International Flavors & Fragrances (IFF), Albemarle (ALB), RPM International (RPM), Ashland Global (ASH), Balchem (BCPC), Sensient Technologies (SXT), H.B. Fuller (FUL), NewMarket (NEU), Quaker Chemical (KWR), Innospec (IOSP), Stepan (SCL), Minerals Technologies (MTX) and Chase (CCF).
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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 retail and institutional investors. Top institutional investors include Vanguard Group Inc. (12.23%), BlackRock Inc. (7.25%), Wellington Management Group LLP (5.90%), State Street Corp (4.77%), Capital International Investors (2.93%) and Brown Brothers Harriman & Co. (2.22%). Company insiders that own Celanese stock include John K Wulff, Kevin S Cavanah, Scott A Richardson, Thomas Francis Kelly and Vanessa Dupuis.
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CE stock was sold by a variety of institutional investors in the last quarter, including Wellington Management Group LLP, JPMorgan Chase & Co., Capital International Investors, Artemis Investment Management LLP, American Century Companies Inc., State Street Corp, Canada Pension Plan Investment Board, and Inverness Counsel LLC NY. Company insiders that have sold Celanese company stock in the last two years include John K Wulff, Kevin S Cavanah, Scott A Richardson, and Vanessa Dupuis.
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CE stock was purchased by a variety of institutional investors in the last quarter, including Renaissance Technologies LLC, Invesco Ltd., BlackRock Inc., First Trust Advisors LP, Royal Bank of Canada, Aaron Wealth Advisors LLC, Panagora Asset Management Inc., and Martingale Asset Management L P.
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Shares of CE 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 $118.19.

Celanese (NYSE:CE) has a market capitalization of $12.80 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 $18.729990 on an earnings per share basis.

Celanese 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 Celanese is www.celanese.com. The basic materials company can be reached via phone at (972) 443-4000, via email at [email protected], or via fax at 908-901-4805.