Citigroup Raises Celanese (NYSE:CE) Price Target to $60.00

Celanese (NYSE:CE) had its price objective increased by analysts at Citigroup from $53.00 to $60.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the basic materials company’s stock. Citigroup’s target price indicates a potential upside of 53.66% from the stock’s current price.

A number of other research analysts have also recently commented on CE. Bank of America decreased their target price on shares of Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research report on Tuesday, October 14th. Wells Fargo & Company decreased their price objective on shares of Celanese from $57.00 to $55.00 and set an “overweight” rating on the stock in a report on Monday. UBS Group dropped their target price on shares of Celanese from $49.00 to $48.00 and set a “neutral” rating for the company in a report on Monday, October 6th. BMO Capital Markets decreased their price target on Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a research note on Thursday, August 14th. Finally, Zacks Research lowered Celanese from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 14th. Seven analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $54.78.

Celanese Trading Down 5.7%

CE opened at $39.05 on Tuesday. The stock has a market capitalization of $4.28 billion, a PE ratio of -2.63, a P/E/G ratio of 1.86 and a beta of 1.17. Celanese has a one year low of $35.48 and a one year high of $77.43. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. The business’s 50 day moving average price is $42.11 and its 200 day moving average price is $48.91.

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

Insider Activity at Celanese

In other news, Director Timothy Go bought 1,039 shares of the business’s stock in a transaction that occurred on Monday, September 8th. The shares were purchased at an average cost of $46.25 per share, for a total transaction 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. This represents a 30.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Teacher Retirement System of Texas acquired a new stake in Celanese during the 1st quarter worth $907,000. Mizuho Markets Americas LLC boosted its stake in shares of Celanese by 149.6% during the second quarter. Mizuho Markets Americas LLC now owns 1,248,055 shares of the basic materials company’s stock worth $69,055,000 after buying an additional 747,987 shares during the period. HB Wealth Management LLC purchased a new position in shares of Celanese during the second quarter worth about $340,000. Muhlenkamp & Co. Inc. acquired a new position in Celanese in the 2nd quarter valued at about $8,366,000. Finally, United Services Automobile Association purchased a new stake in Celanese during the 1st quarter valued at approximately $382,000. Institutional investors and hedge funds own 98.87% of the company’s stock.

About Celanese

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.