Celanese Corporation (NYSE:CE) Receives $67.81 Average PT from Analysts

Shares of Celanese Corporation (NYSE:CE) have received an average rating of “Moderate Buy” from the eighteen analysts that are presently covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and ten have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $67.8125.

Several research firms recently issued reports on CE. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. Royal Bank Of Canada increased their price target on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a report on Monday, May 11th. Wall Street Zen cut shares of Celanese from a “buy” rating to a “hold” rating in a report on Saturday. Bank of America increased their target price on shares of Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Finally, Citigroup dropped their target price on shares of Celanese from $84.00 to $80.00 and set a “buy” rating for the company in a report on Thursday, May 7th.

Celanese Trading Down 2.8%

NYSE CE opened at $49.73 on Thursday. The stock has a market capitalization of $5.45 billion, a P/E ratio of -4.97, a P/E/G ratio of 0.31 and a beta of 0.74. Celanese has a 52-week low of $35.13 and a 52-week high of $70.70. The firm has a 50-day moving average price of $57.76 and a 200 day moving average price of $53.16. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41.

Celanese (NYSE:CE) last posted its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period in the prior year, the company earned $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. Equities research analysts expect that Celanese will post 5.8 EPS for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, April 27th were issued a $0.03 dividend. The ex-dividend date of this dividend was Monday, April 27th. This represents a $0.12 dividend on an annualized basis and a yield of 0.2%. Celanese’s dividend payout ratio (DPR) is -1.20%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in CE. Royal Bank of Canada increased its holdings in Celanese by 1,539.8% in the fourth quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock valued at $90,192,000 after buying an additional 2,003,127 shares in the last quarter. Capital Research Global Investors grew its position in shares of Celanese by 24.0% in the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Celanese by 83.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock valued at $143,849,000 after purchasing an additional 993,193 shares during the last quarter. Turtle Creek Asset Management Inc. grew its position in shares of Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Celanese by 103.7% in the second quarter. Bank of America Corp DE now owns 1,645,689 shares of the basic materials company’s stock valued at $91,056,000 after purchasing an additional 837,944 shares during the last quarter. 98.87% of the stock is owned by hedge funds and other institutional investors.

Celanese Company Profile

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.