Shares of Celanese Co. (NYSE:CE) have been given a consensus recommendation of “Buy” by the twenty-two research firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation, thirteen have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $112.86.
Several brokerages have commented on CE. UBS Group raised their target price on shares of Celanese from $107.00 to $113.00 and gave the stock a “neutral” rating in a report on Friday, January 26th. SunTrust Banks reiterated a “buy” rating on shares of Celanese in a report on Wednesday, January 17th. Zacks Investment Research cut shares of Celanese from a “buy” rating to a “hold” rating in a report on Friday, December 15th. Tudor Pickering began coverage on shares of Celanese in a report on Tuesday, November 14th. They issued a “buy” rating for the company. Finally, Royal Bank of Canada raised their target price on shares of Celanese from $109.00 to $115.00 and gave the stock an “outperform” rating in a report on Wednesday, October 18th.
Celanese (NYSE CE) opened at $100.21 on Friday. Celanese has a fifty-two week low of $83.34 and a fifty-two week high of $114.00. The company has a market cap of $13,940.00, a PE ratio of 16.19, a price-to-earnings-growth ratio of 1.28 and a beta of 1.27. 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 business also recently declared a quarterly dividend, which will be paid on Friday, March 2nd. Investors of record on Tuesday, February 20th will be issued a dividend of $0.46 per share. This represents a $1.84 annualized dividend and a dividend yield of 1.84%. The ex-dividend date is Friday, February 16th. Celanese’s dividend payout ratio is currently 29.73%.
In related news, CFO Christopher W. Jensen sold 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now directly owns 52,924 shares in the company, valued at $5,821,640. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.42% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Gateway Investment Advisers LLC lifted its stake in Celanese by 27.3% in the fourth quarter. Gateway Investment Advisers LLC now owns 77,739 shares of the basic materials company’s stock valued at $8,324,000 after acquiring an additional 16,668 shares during the last quarter. Koch Industries Inc. acquired a new stake in Celanese in the second quarter valued at approximately $289,000. Sumitomo Mitsui Trust Holdings Inc. lifted its stake in Celanese by 1.2% in the third quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 434,546 shares of the basic materials company’s stock valued at $45,310,000 after acquiring an additional 5,242 shares during the last quarter. Macquarie Group Ltd. lifted its stake in Celanese by 10.2% in the third quarter. Macquarie Group Ltd. now owns 157,840 shares of the basic materials company’s stock valued at $16,458,000 after acquiring an additional 14,650 shares during the last quarter. Finally, Aperio Group LLC lifted its stake in Celanese by 52.1% in the third quarter. Aperio Group LLC now owns 70,114 shares of the basic materials company’s stock valued at $7,311,000 after acquiring an additional 24,011 shares during the last quarter. Institutional investors and hedge funds own 95.94% of the company’s stock.
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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.
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