Celanese (NYSE:CE) Upgraded at Barclays

by · The Markets Daily

Celanese (NYSE:CE – Get Free Report) was upgraded by investment analysts at Barclays to a “hold” rating in a research note issued on Monday, Zacks reports.

Other analysts have also recently issued reports about the company. Morgan Stanley cut their price objective on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research report on Thursday, July 16th. BMO Capital Markets decreased their target price on Celanese from $57.00 to $54.00 and set a “market perform” rating on the stock in a research report on Wednesday, August 5th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a research report on Friday, August 21st. Royal Bank Of Canada lifted their price target on shares of Celanese from $45.00 to $46.00 and gave the company a “sector perform” rating in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft set a $50.00 price target on shares of Celanese in a research note on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $60.38.

View Our Latest Stock Report on Celanese

Celanese Stock Performance

NYSE CE opened at $45.81 on Monday. The stock has a market capitalization of $5.03 billion, a price-to-earnings ratio of -4.29, a PEG ratio of 0.29 and a beta of 0.76. Celanese has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The stock has a 50-day moving average of $45.32 and a 200 day moving average of $51.26.

Celanese (NYSE:CE – Get Free Report) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to the consensus estimate of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%. Celanese’s revenue for the quarter was up 8.7% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.44 earnings per share. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. Sell-side analysts anticipate that Celanese will post 5.94 EPS for the current fiscal year.

Insider Activity at Celanese

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

Institutional Trading of Celanese

A number of institutional investors have recently made changes to their positions in CE. Childress Capital Advisors LLC increased its position in shares of Celanese by 3.6% during the first quarter. Childress Capital Advisors LLC now owns 5,587 shares of the basic materials company’s stock worth $367,000 after purchasing an additional 192 shares in the last quarter. AdvisorNet Financial Inc raised its stake in Celanese by 14.5% in the 1st quarter. AdvisorNet Financial Inc now owns 1,815 shares of the basic materials company’s stock valued at $119,000 after purchasing an additional 230 shares during the last quarter. Bessemer Group Inc. lifted its holdings in Celanese by 7.1% in the 1st quarter. Bessemer Group Inc. now owns 3,970 shares of the basic materials company’s stock valued at $262,000 after purchasing an additional 262 shares in the last quarter. Fruth Investment Management lifted its holdings in Celanese by 3.4% in the 1st quarter. Fruth Investment Management now owns 9,115 shares of the basic materials company’s stock valued at $599,000 after purchasing an additional 300 shares in the last quarter. Finally, Twin Capital Management Inc. lifted its holdings in Celanese by 1.8% in the 1st quarter. Twin Capital Management Inc. now owns 18,619 shares of the basic materials company’s stock valued at $1,225,000 after purchasing an additional 329 shares in the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Company Profile

(Get Free Report)

Celanese Corporation (NYSE: CE) is a global chemical and specialty materials company that develops and manufactures products used in a wide range of industries, including automotive, consumer goods, medical, electronics, food, paints and coatings, and industrial manufacturing. The company serves customers through operations and commercial activities across North America, Europe, Asia and other international markets.

Celanese operates primarily through its Engineered Materials and Acetyl Chain businesses.

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