Celanese Corp. (NYSE:CE) saw an uptick in trading volume on Monday . 1,213,434 shares changed hands during mid-day trading, an increase of 19% from the previous session’s volume of 1,016,957 shares.The stock last traded at $62.05 and had previously closed at $63.42.

CE has been the subject of several analyst reports. Citigroup Inc. cut their price target on shares of Celanese Corp. from $81.00 to $77.00 and set a “buy” rating for the company in a report on Thursday. RBC Capital Markets reissued a “sector perform” rating and set a $72.00 price target (down from $76.00) on shares of Celanese Corp. in a report on Thursday. Royal Bank Of Canada cut their price target on shares of Celanese Corp. from $76.00 to $72.00 and set a “sector perform” rating for the company in a report on Thursday. JPMorgan Chase & Co. lowered their target price on shares of Celanese Corp. from $75.00 to $70.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 27th. Finally, Barclays PLC lowered their target price on shares of Celanese Corp. from $82.00 to $76.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 27th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $74.21.

The stock has a market capitalization of $9.10 billion and a PE ratio of 27.30. The company has a 50 day moving average of $67.55 and a 200-day moving average of $66.25.

Celanese Corp. (NYSE:CE) last issued its quarterly earnings results on Monday, July 25th. The company reported $1.59 earnings per share for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. The company earned $1.35 billion during the quarter, compared to analyst estimates of $1.42 billion. The company’s revenue was down 8.5% on a year-over-year basis. During the same period in the prior year, the company posted $1.58 earnings per share. Equities analysts anticipate that Celanese Corp. will post $6.55 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 11th. Stockholders of record on Monday, August 1st will be paid a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.29%. The ex-dividend date is Thursday, July 28th.

In other news, Director Farah M. Walters sold 14,650 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The shares were sold at an average price of $68.61, for a total value of $1,005,136.50. Following the completion of the sale, the director now directly owns 49,686 shares of the company’s stock, valued at approximately $3,408,956.46. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Mark C. Rohr sold 17,200 shares of the company’s stock in a transaction that occurred on Thursday, June 16th. The stock was sold at an average price of $69.50, for a total transaction of $1,195,400.00. Following the completion of the sale, the chief executive officer now directly owns 418,464 shares of the company’s stock, valued at $29,083,248. The disclosure for this sale can be found here.

Several hedge funds recently modified their holdings of the company. Mitsubishi UFJ Kokusai Asset Management CO. LTD. raised its stake in shares of Celanese Corp. by 6.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 19,231 shares of the company’s stock worth $1,295,000 after buying an additional 1,237 shares in the last quarter. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Celanese Corp. by 3.9% in the fourth quarter. Mizuho Trust & Banking Co. Ltd. now owns 233,938 shares of the company’s stock worth $15,777,000 after buying an additional 8,882 shares in the last quarter. Westfield Capital Management Co. LP raised its stake in shares of Celanese Corp. by 20.3% in the fourth quarter. Westfield Capital Management Co. LP now owns 1,763,772 shares of the company’s stock worth $118,755,000 after buying an additional 297,757 shares in the last quarter. Eaton Vance Management raised its stake in shares of Celanese Corp. by 0.4% in the fourth quarter. Eaton Vance Management now owns 27,396 shares of the company’s stock worth $1,845,000 after buying an additional 110 shares in the last quarter. Finally, ARGI Investment Services LLC raised its stake in shares of Celanese Corp. by 4.4% in the fourth quarter. ARGI Investment Services LLC now owns 16,662 shares of the company’s stock worth $1,122,000 after buying an additional 695 shares in the last quarter.

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products.

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