Brokerages Set Celanese Corporation (NYSE:CE) PT at $63.71

Shares of Celanese Corporation (NYSE:CE) have received an average rating of “Hold” from the seventeen brokerages that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and nine have issued a buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $63.7143.

CE has been the subject of a number of recent analyst reports. Wall Street Zen cut shares of Celanese from a “buy” rating to a “hold” rating in a research note on Saturday, June 20th. Royal Bank Of Canada upped their price target on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft set a $50.00 price target on shares of Celanese in a report on Thursday, August 6th. BMO Capital Markets lowered their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research note on Wednesday, August 5th. Finally, Bank of America dropped their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th.

Insider Activity at Celanese

In other Celanese news, SVP Mark Murray purchased 2,153 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was purchased at an average price of $45.52 per share, for a total transaction of $98,004.56. Following the purchase, the senior vice president directly owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by company insiders.

Institutional Investors Weigh In On Celanese

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Geneos Wealth Management Inc. grew its position in shares of Celanese by 111.1% in the second 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 period. National Bank of Canada FI purchased a new stake in Celanese during the 3rd quarter worth approximately $34,000. Smartleaf Asset Management LLC raised its holdings in shares of Celanese by 100.0% during the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 331 shares during the last quarter. UMB Bank n.a. lifted its position in shares of Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock valued at $38,000 after acquiring an additional 571 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in shares of Celanese in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 98.87% of the company’s stock.

Celanese Price Performance

Shares of CE stock opened at $45.25 on Tuesday. The stock’s 50-day moving average is $45.73 and its 200 day moving average is $53.18. Celanese has a 1-year low of $35.13 and a 1-year high of $70.70. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87. The company has a market cap of $4.97 billion, a P/E ratio of -4.23, a PEG ratio of 0.30 and a beta of 0.76.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating the consensus estimate of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same period in the prior year, the firm posted $1.44 earnings per share. The company’s quarterly revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Research analysts predict that Celanese will post 5.99 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s dividend payout ratio is presently -1.12%.

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.