Celanese (NYSE:CE) Upgraded at Tudor Pickering

Tudor Pickering upgraded shares of Celanese (NYSE:CE) from a strong sell rating to a hold rating in a report released on Tuesday morning,Zacks.com reports.

A number of other research analysts have also recently issued reports on the stock. Mizuho lifted their price objective on shares of Celanese from $50.00 to $59.00 and gave the company a “neutral” rating in a report on Tuesday, July 15th. Zacks Research downgraded Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Deutsche Bank Aktiengesellschaft set a $52.00 price objective on Celanese and gave the stock a “buy” rating in a research note on Wednesday, August 13th. Wells Fargo & Company decreased their price target on Celanese from $57.00 to $55.00 and set an “overweight” rating for the company in a report on Monday. Finally, UBS Group raised their price objective on Celanese from $48.00 to $49.00 and gave the company a “neutral” rating in a research note on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $54.78.

Celanese Stock Up 2.4%

CE stock opened at $40.06 on Tuesday. The stock’s 50 day simple moving average is $41.99 and its 200 day simple moving average is $48.85. The company has a market cap of $4.39 billion, a P/E ratio of -2.70, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The company has a debt-to-equity ratio of 2.22, a quick ratio of 1.22 and a current ratio of 2.05. Celanese has a fifty-two week low of $35.48 and a fifty-two week high of $77.43.

Celanese (NYSE:CE) last released its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.34 EPS for the quarter, beating 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 firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. During the same quarter in the previous year, the company posted $2.44 earnings per share. The company’s quarterly revenue was down 8.6% on a year-over-year basis. 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 fiscal year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 12th. Investors of record on Tuesday, October 28th were issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, October 28th. Celanese’s payout ratio is -0.42%.

Insiders Place Their Bets

In related news, Director Timothy Go acquired 1,039 shares of the firm’s stock in a transaction that occurred on Monday, September 8th. The stock was acquired at an average price of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the acquisition, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Strengthening Families & Communities LLC raised its holdings in shares of Celanese by 73.2% in the 1st 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 period. Geneos Wealth Management Inc. increased its position in Celanese by 111.1% in the second 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. Summit Securities Group LLC bought a new stake in shares of Celanese in the first quarter valued at $30,000. SBI Securities Co. Ltd. raised its stake in shares of Celanese by 55.4% in the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after buying an additional 222 shares during the period. Finally, Versant Capital Management Inc lifted its position in shares of Celanese by 140.4% during the 3rd quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock valued at $35,000 after buying an additional 483 shares during the last quarter. 98.87% of the stock is owned by institutional investors.

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.