Celanese (CE) – Investment Analysts’ Recent Ratings Changes

Several brokerages have updated their recommendations and price targets on shares of Celanese (NYSE: CE) in the last few weeks:

  • 1/29/2018 – Celanese had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $130.00 price target on the stock.
  • 1/29/2018 – Celanese had its “buy” rating reaffirmed by analysts at Deutsche Bank AG. They now have a $128.00 price target on the stock.
  • 1/29/2018 – Celanese had its “buy” rating reaffirmed by analysts at Jefferies Group LLC. They now have a $130.00 price target on the stock.
  • 1/29/2018 – Celanese had its price target raised by analysts at Citigroup Inc from $123.00 to $128.00. They now have a “buy” rating on the stock.
  • 1/26/2018 – Celanese had its price target raised by analysts at UBS Group AG from $107.00 to $113.00. They now have a “neutral” rating on the stock.
  • 1/23/2018 – Celanese was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $124.00 price target on the stock. According to Zacks, “Estimates for Celanese for the fourth quarter and full year have been going up lately. Celanese has outperformed the industry it belongs to over a year. Celanese’s strategic measures including acquisitions and operational cost savings through productivity actions should lend support to its earnings. SO.F.TER. and Nilit acquisitions are expected to drive earnings in the Advanced Engineered Materials unit. The company should also gain from expansion in emerging regions. Moreover, Celanese remains focused on returning value to shareholders.”
  • 1/17/2018 – Celanese had its “market perform” rating reaffirmed by analysts at Wells Fargo & Co. They now have a $110.00 price target on the stock, up previously from $104.00.
  • 1/17/2018 – Celanese had its “buy” rating reaffirmed by analysts at SunTrust Banks, Inc..
  • 12/18/2017 – Celanese was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $118.00 price target on the stock. According to Zacks, “Celanese has outperformed the industry it belongs to over a year. Celanese’s strategic measures including operational cost savings through productivity actions should lend support to its earnings in 2017. The company should also gain from growth initiatives that include acquisitions and expansion in emerging regions. SO.F.TER. and Nilit acquisitions are expected to drive earnings in the Advanced Engineered Materials unit in 2017. Moreover, Celanese remains focused on returning value to shareholders.”
  • 12/15/2017 – Celanese was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Celanese has outperformed the industry it belongs to over a year. Celanese’s strategic measures including operational cost savings through productivity actions should lend support to its earnings in 2017. The company should also gain from growth initiatives that include acquisitions and expansion in emerging regions. SO.F.TER. and Nilit acquisitions are expected to drive earnings in the Advanced Engineered Materials unit in 2017. Moreover, Celanese remains focused on returning value to shareholders. However, Celanese is exposed to pricing pressure and weak acetyl demand. The company's balance sheet leverage is also relatively high.”

Shares of Celanese Co. (NYSE:CE) traded up $1.20 during trading on Monday, reaching $101.41. The company’s stock had a trading volume of 239,245 shares, compared to its average volume of 702,978. The company has a market cap of $13,740.00, a P/E ratio of 16.38, a PEG ratio of 1.32 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. Celanese Co. has a 12 month low of $83.34 and a 12 month high of $114.00.

Celanese (NYSE:CE) last announced its quarterly earnings data on Thursday, January 25th. The basic materials company reported $1.98 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.86 by $0.12. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.49 billion. Celanese had a return on equity of 33.49% and a net margin of 13.73%. Celanese’s quarterly revenue was up 21.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.52 EPS. equities analysts anticipate that Celanese Co. will post 8.52 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 2nd. Shareholders of record on Tuesday, February 20th will be given a $0.46 dividend. This represents a $1.84 annualized dividend and a yield of 1.81%. The ex-dividend date is Friday, February 16th. Celanese’s dividend payout ratio (DPR) is presently 29.73%.

In other Celanese news, CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total value 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 approximately $5,821,640. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.42% of the company’s stock.

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.

Receive News & Ratings for Celanese Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese Co and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply