Celanese (NYSE:CE) Price Target Raised to $53.00 at JPMorgan Chase & Co.

Celanese (NYSE:CE) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $40.00 to $53.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential downside of 3.53% from the stock’s previous close.

CE has been the subject of several other research reports. Robert W. Baird set a $65.00 target price on shares of Celanese in a research note on Thursday. Royal Bank Of Canada raised their price target on Celanese from $43.00 to $48.00 and gave the company a “sector perform” rating in a report on Friday, January 16th. Morgan Stanley began coverage on Celanese in a report on Tuesday, January 20th. They set an “equal weight” rating and a $50.00 target price on the stock. Citigroup reissued a “buy” rating on shares of Celanese in a research report on Thursday. Finally, Zacks Research downgraded shares of Celanese from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Seven research analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $58.67.

Celanese Stock Performance

CE traded up $0.08 during trading on Thursday, hitting $54.94. 835,403 shares of the stock were exchanged, compared to its average volume of 2,399,401. The firm has a market capitalization of $6.02 billion, a P/E ratio of -5.19 and a beta of 1.12. The stock has a fifty day moving average price of $47.05 and a two-hundred day moving average price of $44.12. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 2.66. Celanese has a 1-year low of $35.13 and a 1-year high of $63.55.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The business had revenue of $2.20 billion during the quarter, compared to analysts’ expectations of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.43%. Celanese’s quarterly revenue was down 6.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. As a group, sell-side analysts predict that Celanese will post 8.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, CFO Chuck Kyrish purchased 5,000 shares of Celanese stock in a transaction dated Tuesday, December 9th. The stock was acquired at an average cost of $41.03 per share, with a total value of $205,150.00. Following the completion of the transaction, the chief financial officer directly owned 10,914 shares of the company’s stock, valued at $447,801.42. This trade represents a 84.55% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Celanese

Several hedge funds and other institutional investors have recently added to or reduced their stakes in CE. Federated Hermes Inc. grew its stake in shares of Celanese by 182.1% in the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock valued at $281,157,000 after purchasing an additional 3,280,109 shares during the period. Norges Bank bought a new position in Celanese during the 2nd quarter valued at about $114,934,000. Royal Bank of Canada grew its stake in Celanese by 1,539.8% during the fourth quarter. Royal Bank of Canada now owns 2,133,216 shares of the basic materials company’s stock worth $90,192,000 after buying an additional 2,003,127 shares during the last quarter. Capital Research Global Investors increased its holdings in shares of Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock worth $235,312,000 after buying an additional 1,076,645 shares in the last quarter. Finally, Turtle Creek Asset Management Inc. boosted its holdings in shares of Celanese by 21.0% in the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock worth $215,255,000 after acquiring an additional 887,600 shares in the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.