Celanese (NYSE:CE) Hits New 1-Year Low – What’s Next?

Celanese Corporation (NYSE:CE)’s stock price hit a new 52-week low on Tuesday . The company traded as low as $35.42 and last traded at $35.5620, with a volume of 345412 shares trading hands. The stock had previously closed at $36.93.

Analyst Ratings Changes

CE has been the topic of several recent analyst reports. Alembic Global Advisors set a $60.00 price objective on shares of Celanese in a research note on Monday, August 25th. BMO Capital Markets reduced their price target on shares of Celanese from $55.00 to $47.00 and set a “market perform” rating on the stock in a research report on Thursday, August 14th. Weiss Ratings restated a “sell (d)” rating on shares of Celanese in a research report on Wednesday, October 8th. Zacks Research downgraded Celanese from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 14th. Finally, Tudor Pickering upgraded Celanese from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. Seven research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $54.78.

Celanese Trading Down 2.4%

The business has a 50-day moving average of $41.60 and a 200-day moving average of $48.82. The company has a debt-to-equity ratio of 2.22, a current ratio of 2.05 and a quick ratio of 1.22. The firm has a market cap of $3.95 billion, a price-to-earnings ratio of -2.43, a P/E/G ratio of 1.86 and a beta of 1.17.

Celanese (NYSE:CE) last announced its quarterly earnings data on Thursday, November 6th. The basic materials company reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.07. Celanese had a positive return on equity of 10.48% and a negative net margin of 16.30%.The company had revenue of $2.42 billion for the quarter, compared to analysts’ expectations of $2.51 billion. During the same quarter in the prior year, the business posted $2.44 EPS. The business’s revenue was down 8.6% compared to the same quarter last year. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Research analysts anticipate that Celanese Corporation will post 8.79 EPS for the current year.

Celanese Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 12th. Stockholders of record on Tuesday, October 28th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, October 28th. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. Celanese’s payout ratio is currently -0.42%.

Insider Transactions at Celanese

In other Celanese news, Director Timothy Go purchased 1,039 shares of Celanese stock in a transaction that occurred on 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 acquisition, the director owned 4,415 shares of the company’s stock, valued at approximately $204,193.75. This trade represents a 30.78% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Jacobs Levy Equity Management Inc. lifted its holdings in Celanese by 37.7% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 1,703,695 shares of the basic materials company’s stock valued at $71,691,000 after purchasing an additional 466,683 shares during the last quarter. CANADA LIFE ASSURANCE Co raised its position in shares of 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 period. Dark Forest Capital Management LP boosted its holdings in shares of Celanese by 135.8% during the 3rd quarter. Dark Forest Capital Management LP now owns 22,582 shares of the basic materials company’s stock worth $950,000 after buying an additional 13,006 shares during the period. Alyeska Investment Group L.P. grew its stake in Celanese by 63.3% in the 3rd quarter. Alyeska Investment Group L.P. now owns 205,510 shares of the basic materials company’s stock valued at $8,648,000 after buying an additional 79,656 shares during the last quarter. Finally, Turtle Creek Asset Management Inc. raised its holdings in Celanese by 21.0% in 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 acquiring an additional 887,600 shares during the period. 98.87% of the stock is currently owned by institutional investors.

About Celanese

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.