Wells Fargo & Company Lowers Celanese (NYSE:CE) Price Target to $55.00

Celanese (NYSE:CE) had its price target lowered by analysts at Wells Fargo & Company from $57.00 to $55.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has an “overweight” rating on the basic materials company’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 32.79% from the company’s current price.

Other analysts have also issued research reports about the company. Zacks Research lowered Celanese from a “hold” rating to a “strong sell” rating in a report on Thursday, August 14th. Bank of America cut their price objective on Celanese from $59.00 to $57.00 and set a “buy” rating for the company in a research note on Tuesday, October 14th. Robert W. Baird reduced their target price on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating for the company in a report on Wednesday, August 13th. Cfra Research raised shares of Celanese to a “moderate sell” rating in a report on Tuesday, August 12th. Finally, Citigroup raised shares of Celanese from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $47.00 to $53.00 in a research note on Thursday, October 2nd. Seven investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $54.72.

Celanese Stock Up 0.3%

Shares of CE stock opened at $41.42 on Monday. The company has a current ratio of 2.05, a quick ratio of 1.22 and a debt-to-equity ratio of 2.22. Celanese has a 12 month low of $35.48 and a 12 month high of $78.10. The stock has a market cap of $4.54 billion, a P/E ratio of -2.79, a P/E/G ratio of 1.86 and a beta of 1.17. The company has a 50 day simple moving average of $42.22 and a two-hundred day simple moving average of $48.98.

Celanese (NYSE:CE) last issued its quarterly earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.51 billion. Celanese had a negative net margin of 16.30% and a positive return on equity of 10.48%. The company’s revenue was down 8.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. On average, research analysts expect that Celanese will post 8.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Timothy Go bought 1,039 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The stock was bought at an average cost of $46.25 per share, with a total value of $48,053.75. Following the completion of the purchase, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. The trade was a 30.78% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Strengthening Families & Communities LLC increased its holdings in shares of Celanese by 73.2% in the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock worth $25,000 after purchasing an additional 186 shares during the last quarter. Geneos Wealth Management Inc. grew its holdings in Celanese by 111.1% during the 2nd 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 in the last quarter. Summit Securities Group LLC bought a new stake in Celanese in the 1st quarter worth approximately $30,000. SBI Securities Co. Ltd. raised 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 in the last quarter. Finally, Smartleaf Asset Management LLC boosted its position in shares of Celanese by 100.0% during the 2nd quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 331 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.