Celanese (NYSE:CE – Get Free Report) had its price target boosted by investment analysts at Robert W. Baird from $65.00 to $75.00 in a research report issued on Friday,Benzinga reports. The firm currently has an “outperform” rating on the basic materials company’s stock. Robert W. Baird’s price target would suggest a potential upside of 18.37% from the stock’s previous close.
Several other research firms have also recently weighed in on CE. Evercore set a $63.00 price target on shares of Celanese in a report on Wednesday, February 18th. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a research note on Wednesday, January 21st. Tudor Pickering upgraded Celanese from a “hold” rating to a “buy” rating in a research report on Monday, March 9th. JPMorgan Chase & Co. upped their target price on Celanese from $40.00 to $53.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Finally, Jefferies Financial Group raised Celanese from a “hold” rating to a “buy” rating and set a $86.00 price target on the stock in a report on Thursday, February 5th. Nine equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $61.22.
Check Out Our Latest Stock Report on CE
Celanese Price Performance
Celanese (NYSE:CE – Get Free Report) last posted its earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.25 billion. During the same quarter in the prior year, the company earned $1.45 earnings per share. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. As a group, sell-side analysts forecast that Celanese will post 8.79 EPS for the current fiscal year.
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in Celanese by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after purchasing an additional 90,428 shares during the last quarter. Capital Research Global Investors increased its position in shares of Celanese by 24.0% during the 4th quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares during the last quarter. Turtle Creek Asset Management Inc. increased its position in shares of Celanese by 21.0% during the 3rd quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Federated Hermes Inc. raised its holdings in shares of Celanese by 182.1% during the 2nd quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock valued at $281,157,000 after buying an additional 3,280,109 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in shares of Celanese by 15.8% during the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock valued at $173,127,000 after buying an additional 558,391 shares in the last quarter. Institutional investors own 98.87% of the company’s stock.
About Celanese
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.
Read More
Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter.
