Celanese (NYSE:CE) Price Target Raised to $75.00

Celanese (NYSE:CE) had its target price boosted by Robert W. Baird from $65.00 to $75.00 in a research report sent to investors on Friday morning,Benzinga reports. The firm currently has an outperform rating on the basic materials company’s stock.

CE has been the topic of several other research reports. Citigroup boosted their target price on Celanese from $75.00 to $81.00 and gave the company a “buy” rating in a research report on Thursday, March 12th. Vertical Research raised shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price objective for the company in a research note on Monday, March 9th. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Jefferies Financial Group raised shares of Celanese from a “hold” rating to a “buy” rating and set a $86.00 target price on the stock in a research note on Thursday, February 5th. Finally, Morgan Stanley started coverage on shares of Celanese in a research note on Tuesday, January 20th. They set an “equal weight” rating and a $50.00 price target for the company. Nine analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $61.22.

Celanese Trading Down 0.1%

Shares of CE opened at $63.36 on Friday. The stock has a market capitalization of $6.94 billion, a PE ratio of -5.98, a P/E/G ratio of 0.47 and a beta of 1.07. The company’s fifty day moving average is $53.35 and its 200 day moving average is $45.82. The company has a debt-to-equity ratio of 2.55, a quick ratio of 0.94 and a current ratio of 1.55. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $63.90.

Celanese (NYSE:CE) last issued its quarterly earnings data on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.22). Celanese had a positive return on equity of 8.75% and a negative net margin of 12.15%.The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.25 billion. During the same period in the previous year, the firm earned $1.45 earnings per share. The company’s revenue was down 6.5% compared to the same quarter last year. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Sell-side analysts expect that Celanese will post 8.79 earnings per share for the current fiscal year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 24th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. Celanese’s dividend payout ratio (DPR) is -1.13%.

Institutional Trading of Celanese

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Celanese by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 11,840,341 shares of the basic materials company’s stock worth $500,610,000 after acquiring an additional 90,428 shares in the last quarter. Capital Research Global Investors boosted its position in Celanese by 24.0% during the fourth quarter. Capital Research Global Investors now owns 5,565,556 shares of the basic materials company’s stock valued at $235,312,000 after purchasing an additional 1,076,645 shares in the last quarter. Turtle Creek Asset Management Inc. grew its stake in Celanese by 21.0% in the third quarter. Turtle Creek Asset Management Inc. now owns 5,115,365 shares of the basic materials company’s stock valued at $215,255,000 after purchasing an additional 887,600 shares during the last quarter. Federated Hermes Inc. raised its holdings in Celanese by 182.1% in the second quarter. Federated Hermes Inc. now owns 5,081,458 shares of the basic materials company’s stock worth $281,157,000 after purchasing an additional 3,280,109 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. raised its holdings in Celanese by 15.8% in the fourth quarter. Fuller & Thaler Asset Management Inc. now owns 4,094,781 shares of the basic materials company’s stock worth $173,127,000 after purchasing an additional 558,391 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

About Celanese

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.