Celanese - CE Stock Forecast, Price & News

14 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, 7 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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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14 Wall Street analysts have issued 1 year target prices for Celanese's stock. Their CE share price forecasts range from $83.00 to $172.00. On average, they predict the company's stock price to reach $117.86 in the next year. This suggests a possible upside of 8.0% from the stock's current price.
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Celanese's stock was trading at $168.06 at the beginning of the year. Since then, CE stock has decreased by 35.1% and is now trading at $109.11.
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Celanese saw a increase in short interest in November. As of November 15th, there was short interest totaling 2,230,000 shares, an increase of 12.1% from the October 31st total of 1,990,000 shares. Based on an average trading volume of 1,150,000 shares, the short-interest ratio is currently 1.9 days. Currently, 2.1% of the shares of the stock are short sold.
View Celanese's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our CE earnings forecast.

Celanese Co. (NYSE:CE) posted its quarterly earnings results on Friday, November, 4th. The basic materials company reported $3.94 EPS for the quarter, missing the consensus estimate of $3.98 by $0.04. The basic materials company had revenue of $2.30 billion for the quarter, compared to analyst estimates of $2.26 billion. Celanese had a trailing twelve-month return on equity of 42.26% and a net margin of 17.20%. Celanese's revenue was up 1.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $4.82 EPS.
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Celanese announced a quarterly dividend on Wednesday, October 19th. Stockholders of record on Monday, October 31st will be given a dividend of $0.70 per share on Monday, November 14th. This represents a $2.80 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Friday, October 28th. This is a boost from the stock's previous quarterly dividend of $0.68.
Read our dividend analysis for CE.

Celanese (NYSE:CE) pays an annual dividend of $2.80 per share and currently has a dividend yield of 2.60%. The company has been increasing its dividend for 13 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 18.51%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, CE will have a dividend payout ratio of 22.10% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for CE.

Celanese updated its fourth quarter 2022 earnings guidance on Thursday, November, 10th. The company provided earnings per share (EPS) guidance of $1.50-$2.00 for the period, compared to the consensus earnings per share estimate of $3.10. 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 Vanguard Group Inc. (11.98%), BlackRock Inc. (7.06%), State Street Corp (4.36%), Bank of New York Mellon Corp (1.93%), LSV Asset Management (1.41%) and Dimensional Fund Advisors LP (0.93%). 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 $109.11.

Celanese (NYSE:CE) has a market capitalization of $11.83 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 $15.13 on an earnings per share basis.

The company employs 8,529 workers across the globe.

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.