Celanese (NYSE:CE) Price Target Raised to $58.00

Celanese (NYSE:CE) had its target price hoisted by research analysts at UBS Group from $56.00 to $58.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective points to a potential downside of 4.50% from the stock’s previous close.

CE has been the topic of a number of other research reports. Morgan Stanley began coverage on Celanese in a research note on Tuesday, January 20th. They issued an “equal weight” rating and a $50.00 target price on the stock. Zacks Research cut Celanese from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 20th. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. boosted their target price on Celanese from $40.00 to $53.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Finally, Robert W. Baird set a $65.00 price target on shares of Celanese in a research report on Thursday, February 19th. Nine investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and three have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $60.67.

Celanese Stock Up 0.9%

Shares of NYSE CE opened at $60.74 on Wednesday. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. The business has a 50-day moving average of $51.01 and a 200-day moving average of $45.03. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of -5.77, a PEG ratio of 0.42 and a beta of 1.07. Celanese has a 12 month low of $35.13 and a 12 month high of $63.55.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.22). The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The company’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Sell-side analysts expect that Celanese will post 8.79 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Celanese

Institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. grew its holdings in shares of Celanese by 55.4% during the 2nd quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock worth $34,000 after acquiring an additional 222 shares during the period. Deseret Mutual Benefit Administrators grew its stake in Celanese by 20.7% in the fourth quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock worth $59,000 after purchasing an additional 240 shares during the period. Blue Trust Inc. raised its holdings in Celanese by 8.9% in the fourth quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock worth $137,000 after purchasing an additional 265 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Celanese by 111.1% during the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after buying an additional 270 shares during the period. Finally, Bank of Montreal Can lifted its position in Celanese by 1.3% during the fourth quarter. Bank of Montreal Can now owns 22,723 shares of the basic materials company’s stock valued at $961,000 after buying an additional 288 shares during the period. 98.87% of the stock is owned by institutional investors.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.