Shares of Celanese Co. (NYSE:CE) have received an average rating of “Buy” from the twenty research firms that are presently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twelve have issued a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $107.39.

A number of analysts have recently commented on CE shares. ValuEngine downgraded Celanese from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 6th. BidaskClub raised Celanese from a “hold” rating to a “buy” rating in a research note on Saturday, August 26th. Cowen reissued a “buy” rating on shares of Celanese in a research note on Sunday, October 29th. Zacks Investment Research raised Celanese from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research note on Monday. Finally, KeyCorp boosted their price target on Celanese from $106.00 to $116.00 and gave the stock an “overweight” rating in a research note on Monday, October 16th.

In related news, Director John K. Wulff sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $105.88, for a total value of $264,700.00. Following the sale, the director now owns 30,175 shares of the company’s stock, valued at approximately $3,194,929. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CFO Christopher W. Jensen sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $104.68, for a total value of $104,680.00. Following the completion of the sale, the chief financial officer now directly owns 60,086 shares in the company, valued at approximately $6,289,802.48. The disclosure for this sale can be found here. 0.42% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of CE. Advisors Asset Management Inc. increased its position in Celanese by 10.8% during the second quarter. Advisors Asset Management Inc. now owns 18,665 shares of the basic materials company’s stock worth $1,772,000 after acquiring an additional 1,820 shares during the period. State of Wisconsin Investment Board increased its position in Celanese by 34.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 102,798 shares of the basic materials company’s stock valued at $9,760,000 after buying an additional 26,320 shares in the last quarter. SG Americas Securities LLC increased its position in Celanese by 166.7% during the 2nd quarter. SG Americas Securities LLC now owns 10,683 shares of the basic materials company’s stock valued at $1,014,000 after buying an additional 6,677 shares in the last quarter. Alps Advisors Inc. increased its position in Celanese by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 5,276 shares of the basic materials company’s stock valued at $501,000 after buying an additional 14 shares in the last quarter. Finally, Legal & General Group Plc increased its position in Celanese by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 656,296 shares of the basic materials company’s stock valued at $62,305,000 after buying an additional 18,260 shares in the last quarter. 96.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Celanese (NYSE CE) traded down $1.28 on Friday, hitting $106.44. The stock had a trading volume of 539,600 shares, compared to its average volume of 858,639. Celanese has a 1 year low of $78.38 and a 1 year high of $109.70. The company has a quick ratio of 1.16, a current ratio of 1.69 and a debt-to-equity ratio of 0.94. The stock has a market capitalization of $14,440.00, a P/E ratio of 15.28, a price-to-earnings-growth ratio of 1.62 and a beta of 1.32.

Celanese (NYSE:CE) last issued its earnings results on Monday, October 16th. The basic materials company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.92 by $0.01. Celanese had a return on equity of 31.98% and a net margin of 13.66%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the business earned $1.67 earnings per share. The company’s revenue was up 18.4% compared to the same quarter last year. equities research analysts expect that Celanese will post 7.37 EPS for the current fiscal year.

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Celanese Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

Analyst Recommendations for Celanese (NYSE:CE)

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