Celanese Co. (NYSE:CE) has earned an average rating of “Buy” from the twenty analysts that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $107.39.

CE has been the topic of a number of recent analyst reports. ValuEngine lowered shares of Celanese from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 6th. Cowen restated a “buy” rating on shares of Celanese in a research report on Sunday, October 29th. Zacks Investment Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $118.00 price target on the stock in a research report on Monday, December 18th. KeyCorp boosted their price target on shares of Celanese from $106.00 to $116.00 and gave the company an “overweight” rating in a research report on Monday, October 16th. Finally, Instinet restated a “neutral” rating and issued a $100.00 price target (up from $97.00) on shares of Celanese in a research report on Friday, October 13th.

In related news, CFO Christopher W. Jensen sold 1,000 shares of the 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 transaction, the chief financial officer now directly owns 60,086 shares in the company, valued at $6,289,802.48. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John K. Wulff sold 2,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total transaction of $264,700.00. Following the completion of the transaction, the director now owns 30,175 shares in the company, valued at $3,194,929. The disclosure for this sale can be found here. Insiders have sold 6,500 shares of company stock worth $699,380 over the last quarter. 0.42% of the stock is owned by company insiders.

A number of large investors have recently modified their holdings of CE. Northwestern Mutual Wealth Management Co. increased its stake in Celanese by 24.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock valued at $101,000 after purchasing an additional 206 shares in the last quarter. First PREMIER Bank increased its position in shares of Celanese by 900.0% during the fourth quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after acquiring an additional 900 shares in the last quarter. Toronto Dominion Bank increased its position in shares of Celanese by 8.4% during the second quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after acquiring an additional 134 shares in the last quarter. Peapack Gladstone Financial Corp bought a new stake in shares of Celanese during the second quarter worth $212,000. Finally, Advisor Group Inc. increased its position in shares of Celanese by 46.9% during the second quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after acquiring an additional 715 shares in the last quarter. 96.06% of the stock is owned by hedge funds and other institutional investors.

Shares of Celanese (NYSE CE) opened at $111.14 on Tuesday. The firm has a market cap of $15,100.00, a PE ratio of 19.10, a P/E/G ratio of 1.50 and a beta of 1.32. Celanese has a 52 week low of $81.01 and a 52 week high of $112.43. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.69 and a quick ratio of 1.16.

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

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About Celanese

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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