BMO Capital Markets Has Lowered Expectations for Celanese (NYSE:CE) Stock Price

Celanese (NYSE:CE) had its price target lowered by equities research analysts at BMO Capital Markets from $80.00 to $57.00 in a report released on Monday,Benzinga reports. The brokerage presently has a “market perform” rating on the basic materials company’s stock. BMO Capital Markets’ price target suggests a potential upside of 19.70% from the company’s previous close.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Celanese from $53.00 to $68.00 and gave the stock an “overweight” rating in a research report on Thursday, May 7th. Zacks Research raised Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, April 21st. UBS Group increased their target price on Celanese from $58.00 to $64.00 and gave the stock a “neutral” rating in a report on Thursday, April 9th. Mizuho decreased their price target on Celanese from $65.00 to $55.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Finally, Tudor Pickering raised Celanese from a “hold” rating to a “buy” rating in a research note on Monday, March 9th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Celanese presently has a consensus rating of “Moderate Buy” and a consensus price target of $66.31.

Celanese Trading Down 0.1%

CE stock opened at $47.62 on Monday. Celanese has a 52 week low of $35.13 and a 52 week high of $70.70. The company has a market capitalization of $5.22 billion, a PE ratio of -4.76, a price-to-earnings-growth ratio of 0.27 and a beta of 0.76. The company’s 50-day simple moving average is $54.56 and its 200 day simple moving average is $53.53. The company has a debt-to-equity ratio of 2.41, a quick ratio of 0.85 and a current ratio of 1.38.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.03). The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.Celanese’s revenue for the quarter was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm earned $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, sell-side analysts anticipate that Celanese will post 5.94 earnings per share for the current year.

Hedge Funds Weigh In On Celanese

A number of institutional investors have recently modified their holdings of CE. Geneos Wealth Management Inc. lifted its position in shares of Celanese by 111.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after buying an additional 270 shares during the last quarter. National Bank of Canada FI acquired a new position in Celanese during the third quarter worth about $34,000. Hartford Financial Management Inc. raised its stake in Celanese by 350.5% during the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 701 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 331 shares in the last quarter. Finally, UMB Bank n.a. lifted its holdings in shares of Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 571 shares during the last quarter. Institutional investors and hedge funds own 98.87% of the company’s stock.

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.