Celanese (NYSE:CE) Stock Price Down 4.9% – Here’s What Happened

Celanese Corporation (NYSE:CE)’s stock price fell 4.9% during trading on Thursday . The stock traded as low as $39.57 and last traded at $39.7970. 1,065,635 shares were traded during trading, a decline of 59% from the average session volume of 2,581,914 shares. The stock had previously closed at $41.84.

Analyst Ratings Changes

CE has been the topic of several recent research reports. Citigroup upped their price target on Celanese from $53.00 to $60.00 and gave the stock a “buy” rating in a research note on Tuesday, November 11th. BMO Capital Markets dropped their target price on Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a report on Thursday, August 14th. UBS Group raised their price target on Celanese from $48.00 to $49.00 and gave the company a “neutral” rating in a report on Wednesday, November 12th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Finally, Robert W. Baird cut their price objective on shares of Celanese from $67.00 to $50.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 13th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $54.78.

Celanese Stock Down 4.7%

The business’s fifty day moving average price is $40.34 and its 200 day moving average price is $47.88. The firm has a market capitalization of $4.37 billion, a price-to-earnings ratio of -1.41 and a beta of 1.13. The company has a current ratio of 1.63, a quick ratio of 1.04 and a debt-to-equity ratio of 2.66.

Celanese (NYSE:CE) last issued its quarterly earnings data 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 negative net margin of 31.85% and a positive return on equity of 9.87%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.51 billion. During the same period last year, the firm posted $2.44 EPS. Celanese’s revenue for the quarter 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, equities analysts expect that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Dividend Announcement

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

Insider Activity

In related news, Director Timothy Go purchased 1,039 shares of the business’s stock in a transaction dated 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 purchase, the director directly owned 4,415 shares of the company’s stock, valued at $204,193.75. This trade represents a 30.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.26% of the company’s stock.

Hedge Funds Weigh In On Celanese

A number of large investors have recently made changes to their positions in the stock. EMC Capital Management grew its position in Celanese by 72.0% during the third quarter. EMC Capital Management now owns 4,300 shares of the basic materials company’s stock worth $181,000 after buying an additional 1,800 shares during the period. Danske Bank A S acquired a new stake in shares of Celanese in the 3rd quarter worth approximately $50,000. Advisory Services Network LLC purchased a new position in Celanese in the 3rd quarter valued at approximately $90,000. Jacobs Levy Equity Management Inc. boosted its position in Celanese by 37.7% during the third quarter. Jacobs Levy Equity Management Inc. now owns 1,703,695 shares of the basic materials company’s stock worth $71,691,000 after purchasing an additional 466,683 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its holdings in Celanese by 1.8% in the third quarter. CANADA LIFE ASSURANCE Co now owns 96,256 shares of the basic materials company’s stock valued at $3,931,000 after purchasing an additional 1,708 shares during the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.