Celanese (NYSE:CE) Price Target Cut to $63.00 by Analysts at Bank of America

Celanese (NYSE:CE) had its price objective decreased by equities research analysts at Bank of America from $72.00 to $63.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the basic materials company’s stock. Bank of America‘s price target indicates a potential upside of 37.80% from the stock’s previous close.

Other research analysts also recently issued research reports about the stock. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Wall Street Zen cut Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Morgan Stanley boosted their price target on Celanese from $50.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price objective on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a research report on Thursday, May 7th. Finally, Robert W. Baird lifted their target price on Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a research note on Friday, March 27th. Ten investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Celanese Stock Down 0.5%

CE stock traded down $0.21 during midday trading on Tuesday, hitting $45.72. The company’s stock had a trading volume of 1,062,063 shares, compared to its average volume of 2,279,023. The company’s fifty day moving average price is $55.97 and its 200 day moving average price is $53.43. Celanese has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The stock has a market capitalization of $5.01 billion, a P/E ratio of -4.55, a PEG ratio of 0.30 and a beta of 0.74.

Celanese (NYSE:CE) last released its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.03). The company had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. Celanese’s revenue was down 2.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.57 EPS. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, equities research analysts predict that Celanese will post 5.8 EPS for the current year.

Institutional Investors Weigh In On Celanese

Institutional investors and hedge funds have recently bought and sold shares of the company. Geneos Wealth Management Inc. increased its stake in shares of Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after purchasing an additional 270 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after buying an additional 331 shares during the period. National Bank of Canada FI bought a new stake in Celanese in the third quarter valued at approximately $34,000. UMB Bank n.a. raised its stake in Celanese by 175.7% during the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after buying an additional 571 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its stake in shares of Celanese by 350.5% in the 4th quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 701 shares during the period. 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.