
Celanese Corporation (NYSE:CE – Free Report) – Equities research analysts at KeyCorp issued their FY2026 earnings estimates for Celanese in a report issued on Thursday, September 10th. KeyCorp analyst S. Tiano anticipates that the basic materials company will earn $6.05 per share for the year. KeyCorp has a “Strong-Buy” rating on the stock. The consensus estimate for Celanese’s current full-year earnings is $6.00 per share.
Other equities analysts also recently issued reports about the company. Wells Fargo & Company lowered their target price on Celanese from $80.00 to $65.00 and set an “overweight” rating on the stock in a research report on Thursday, August 6th. BMO Capital Markets reduced their price target on Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Citigroup decreased their price objective on Celanese from $80.00 to $68.00 and set a “buy” rating on the stock in a research note on Wednesday, June 24th. Wall Street Zen cut Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price objective on Celanese in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $63.27.
Celanese Trading Up 5.5%
NYSE:CE opened at $47.22 on Monday. Celanese has a one year low of $35.13 and a one year high of $70.70. The business has a fifty day moving average price of $45.43 and a 200-day moving average price of $52.68. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -4.42, a price-to-earnings-growth ratio of 0.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.33, a current ratio of 1.45 and a quick ratio of 0.87.
Celanese (NYSE:CE – Get Free Report) last released its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $2.75 billion. During the same period last year, the firm earned $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.
Celanese Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, July 28th. This represents a $0.12 dividend on an annualized basis and a yield of 0.3%. Celanese’s payout ratio is presently -1.12%.
Insider Activity
In other news, SVP Mark Murray acquired 2,153 shares of the firm’s stock in a transaction dated Tuesday, August 11th. The shares were acquired at an average cost of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president directly owned 30,432 shares of the company’s stock, valued at approximately $1,385,264.64. The trade was a 7.61% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.34% of the stock is owned by company insiders.
Institutional Investors Weigh In On Celanese
A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of Celanese in the 2nd quarter worth $614,675,000. Capital Research Global Investors raised 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 buying an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. lifted its holdings in shares of Celanese by 18.1% in the 1st quarter. Turtle Creek Asset Management Inc. now owns 2,547,744 shares of the basic materials company’s stock valued at $167,565,000 after acquiring an additional 391,204 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Celanese by 83.2% in the first quarter. Dimensional Fund Advisors LP now owns 2,187,235 shares of the basic materials company’s stock worth $143,849,000 after acquiring an additional 993,193 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Celanese by 17.7% in the fourth quarter. Geode Capital Management LLC now owns 1,909,529 shares of the basic materials company’s stock worth $80,760,000 after acquiring an additional 287,264 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.
About Celanese
Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered polymers, specialty chemicals and other materials used in a broad range of industries, including automotive, medical, electronics, consumer products, industrial equipment, coatings and packaging.
Celanese operates through two primary businesses: Engineered Materials and the Acetyl Chain. Its engineered materials portfolio includes high-performance thermoplastics, engineered polymers and other specialty compounds used to replace metal and conventional materials in demanding applications.
Featured Articles
- Five stocks we like better than Celanese
- Running on Empty: 3 Energy Plays for Europe’s Deep Freeze
- 3 Healthcare Stocks for 3 Stages of Life
- Curaleaf Tries To Roll Up Aurora In a Hostile Cannabis Bid
- MarketBeat’s Most Downgraded Stocks in Q3: 2 Look Cheap, 1 Looks Risky
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.
