Celanese Corporation (NYSE:CE) Given Average Rating of “Hold” by Analysts

Shares of Celanese Corporation (NYSE:CE) have been assigned an average rating of “Hold” from the twenty-one analysts that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $54.7778.

Several brokerages have recently weighed in on CE. Evercore ISI dropped their price target on shares of Celanese from $75.00 to $45.00 and set an “in-line” rating on the stock in a research note on Tuesday, November 11th. Alembic Global Advisors set a $60.00 target price on Celanese in a report on Monday, August 25th. Cfra Research upgraded Celanese to a “moderate sell” rating in a research report on Tuesday, August 12th. BMO Capital Markets cut their price target on Celanese from $55.00 to $47.00 and set a “market perform” rating for the company in a report on Thursday, August 14th. Finally, Royal Bank Of Canada set a $43.00 price objective on Celanese in a research note on Tuesday, October 14th.

Celanese Stock Performance

CE stock opened at $41.65 on Friday. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. Celanese has a 1 year low of $35.13 and a 1 year high of $75.84. The company has a market cap of $4.56 billion, a P/E ratio of -2.81, a price-to-earnings-growth ratio of 1.86 and a beta of 1.17. The stock’s fifty day moving average price is $40.40 and its 200-day moving average price is $48.11.

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

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 12th. Shareholders of record on Tuesday, October 28th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s dividend payout ratio (DPR) is presently -0.42%.

Insiders Place Their Bets

In other news, Director Timothy Go purchased 1,039 shares of the company’s stock in a transaction on Monday, September 8th. The stock was acquired at an average cost of $46.25 per share, for a total transaction of $48,053.75. Following the completion of the transaction, the director directly owned 4,415 shares in the company, valued at $204,193.75. This trade represents a 30.78% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Institutional Trading of Celanese

Several institutional investors and hedge funds have recently modified their holdings of the company. Mizuho Markets Americas LLC increased its position in shares of Celanese by 149.6% during the 2nd quarter. Mizuho Markets Americas LLC now owns 1,248,055 shares of the basic materials company’s stock valued at $69,055,000 after purchasing an additional 747,987 shares during the last quarter. HB Wealth Management LLC purchased a new position in Celanese during the second quarter worth $340,000. Muhlenkamp & Co. Inc. bought a new position in Celanese during the second quarter valued at $8,366,000. United Services Automobile Association bought a new position in Celanese during the first quarter valued at $382,000. Finally, E. Ohman J or Asset Management AB purchased a new stake in shares of Celanese in the second quarter valued at $2,489,000. 98.87% of the stock is currently owned by institutional investors.

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.