UBS Group Issues Positive Forecast for Celanese (NYSE:CE) Stock Price
by Scott Moore · The Cerbat GemCelanese (NYSE:CE – Get Free Report) had its target price boosted by UBS Group from $58.00 to $64.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “neutral” rating on the basic materials company’s stock. UBS Group’s price objective would suggest a potential upside of 2.66% from the stock’s current price.
Other analysts have also issued research reports about the stock. Citigroup boosted their price target on shares of Celanese from $75.00 to $81.00 and gave the company a “buy” rating in a research note on Thursday, March 12th. Jefferies Financial Group upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $86.00 price target for the company in a research note on Thursday, February 5th. JPMorgan Chase & Co. boosted their price target on shares of Celanese from $40.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Royal Bank Of Canada boosted their price target on shares of Celanese from $48.00 to $55.00 and gave the company a “sector perform” rating in a research note on Monday, February 23rd. Finally, Zacks Research lowered shares of Celanese from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Celanese has a consensus rating of “Hold” and an average price target of $62.53.
Read Our Latest Stock Report on CE
Celanese Stock Down 2.2%
CE stock traded down $1.41 during midday trading on Thursday, reaching $62.34. 2,019,587 shares of the company’s stock traded hands, compared to its average volume of 2,576,443. The company has a market cap of $6.83 billion, a price-to-earnings ratio of -5.88, a P/E/G ratio of 0.45 and a beta of 0.85. The firm’s fifty day moving average price is $56.10 and its 200-day moving average price is $46.87. The company has a quick ratio of 0.94, a current ratio of 1.55 and a debt-to-equity ratio of 2.55. Celanese has a 52 week low of $35.13 and a 52 week high of $67.82.
Celanese (NYSE:CE – Get Free Report) last announced its quarterly earnings results on Tuesday, February 17th. The basic materials company reported $0.67 EPS for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.22). The business had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. The business’s revenue for the quarter was down 6.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.45 EPS. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. As a group, sell-side analysts forecast that Celanese will post 8.79 earnings per share for the current fiscal year.
Institutional Trading of Celanese
Several institutional investors have recently made changes to their positions in the company. Hsbc Holdings PLC grew its stake in shares of Celanese by 208.3% in the 4th quarter. Hsbc Holdings PLC now owns 105,435 shares of the basic materials company’s stock worth $4,460,000 after acquiring an additional 71,238 shares in the last quarter. Corient Private Wealth LLC grew its stake in shares of Celanese by 154.3% in the 4th quarter. Corient Private Wealth LLC now owns 31,793 shares of the basic materials company’s stock worth $1,344,000 after acquiring an additional 19,289 shares in the last quarter. Invesco Ltd. grew its stake in shares of Celanese by 1.2% in the 4th quarter. Invesco Ltd. now owns 540,452 shares of the basic materials company’s stock worth $22,850,000 after acquiring an additional 6,390 shares in the last quarter. Alberta Investment Management Corp bought a new stake in shares of Celanese in the 4th quarter worth $1,501,000. Finally, State of Tennessee Department of Treasury boosted its holdings in shares of Celanese by 0.7% in the 4th quarter. State of Tennessee Department of Treasury now owns 42,083 shares of the basic materials company’s stock worth $1,870,000 after buying an additional 313 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.
Celanese Company Profile
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.