Celanese (NYSE:CE) Given New $58.00 Price Target at UBS Group

Celanese (NYSE:CE) had its target price upped by UBS Group from $56.00 to $58.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a neutral rating on the basic materials company’s stock.

A number of other research firms have also recently weighed in on CE. Morgan Stanley started coverage on Celanese in a report on Tuesday, January 20th. They issued an “equal weight” rating and a $50.00 price target for the company. Jefferies Financial Group raised Celanese from a “hold” rating to a “buy” rating and set a $86.00 price objective on the stock in a report on Thursday, February 5th. Wells Fargo & Company raised Celanese from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $55.00 to $70.00 in a research note on Friday, March 13th. Robert W. Baird set a $65.00 target price on Celanese in a research report on Thursday, February 19th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research note on Wednesday, January 21st. Nine investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Celanese has a consensus rating of “Hold” and an average target price of $60.67.

Celanese Stock Down 0.3%

CE stock opened at $59.97 on Wednesday. Celanese has a one year low of $35.13 and a one year high of $63.55. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.94 and a current ratio of 1.55. The firm’s fifty day moving average is $51.35 and its 200 day moving average is $45.13. The firm has a market cap of $6.57 billion, a PE ratio of -5.66, a P/E/G ratio of 0.45 and a beta of 1.07.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The firm had revenue of $2.20 billion during the quarter, compared to analyst estimates of $2.25 billion. During the same quarter last year, the company posted $1.45 EPS. The company’s revenue was down 6.5% on a year-over-year basis. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. On average, research analysts forecast that Celanese will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 10th. Shareholders of record on Tuesday, February 24th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date was Tuesday, February 24th. Celanese’s payout ratio is -1.13%.

Hedge Funds Weigh In On Celanese

Several hedge funds and other institutional investors have recently made changes to their positions in the company. SBI Securities Co. Ltd. increased its position in shares of Celanese by 55.4% during the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock worth $34,000 after purchasing an additional 222 shares in the last quarter. Deseret Mutual Benefit Administrators lifted its holdings in Celanese by 20.7% in the 4th quarter. Deseret Mutual Benefit Administrators now owns 1,399 shares of the basic materials company’s stock valued at $59,000 after purchasing an additional 240 shares in the last quarter. Blue Trust Inc. lifted its holdings in Celanese by 8.9% in the 4th quarter. Blue Trust Inc. now owns 3,244 shares of the basic materials company’s stock valued at $137,000 after purchasing an additional 265 shares in the last quarter. Geneos Wealth Management Inc. boosted its stake in 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 purchasing an additional 270 shares during the last quarter. Finally, Bank of Montreal Can boosted its stake in Celanese by 1.3% during the 4th quarter. Bank of Montreal Can now owns 22,723 shares of the basic materials company’s stock worth $961,000 after purchasing an additional 288 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

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.