Celanese (NYSE:CE) Price Target Cut to $57.00 by Analysts at BMO Capital Markets

Celanese (NYSE:CE) had its target price cut by BMO Capital Markets from $80.00 to $57.00 in a report issued on Monday morning, Marketbeat.com reports. They currently have a market perform rating on the basic materials company’s stock.

A number of other analysts have also commented on the company. Wells Fargo & Company boosted their target price on Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a research report on Friday, May 8th. Robert W. Baird upped their target price on Celanese from $65.00 to $75.00 and gave the stock an “outperform” rating in a research report on Friday, March 27th. Wall Street Zen cut Celanese from a “buy” rating to a “hold” rating in a report on Saturday, June 20th. Zacks Research raised shares of Celanese from a “strong sell” rating to a “hold” rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Ten research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $66.31.

Celanese Stock Performance

NYSE:CE opened at $48.35 on Monday. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. Celanese has a twelve month low of $35.13 and a twelve month high of $70.70. The company has a fifty day moving average of $54.21 and a 200-day moving average of $53.58. The firm has a market capitalization of $5.30 billion, a P/E ratio of -4.72, a P/E/G ratio of 0.27 and a beta of 0.76.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). Celanese had a positive return on equity of 9.92% and a negative net margin of 11.54%.The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.34 billion. During the same period in the prior year, the company earned $0.57 earnings per share. The firm’s revenue was down 2.2% compared to the same quarter last year. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, sell-side analysts anticipate that Celanese will post 5.94 EPS for the current year.

Celanese Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, May 11th. Investors of record on Monday, April 27th were issued a dividend of $0.03 per share. The ex-dividend date was Monday, April 27th. This represents a $0.12 annualized dividend and a yield of 0.2%. Celanese’s dividend payout ratio is -1.20%.

Hedge Funds Weigh In On Celanese

Several large investors have recently bought and sold shares of CE. JPMorgan Chase & Co. lifted its position in shares of Celanese by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock worth $10,907,000 after buying an additional 29,392 shares in the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Celanese by 21.5% in the third quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock valued at $51,104,000 after acquiring an additional 214,632 shares in the last quarter. QSM Asset Management Ltd increased its position in shares of Celanese by 102.2% during the fourth quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after acquiring an additional 42,800 shares during the last quarter. Capital Research Global Investors increased its position in shares of 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 acquiring an additional 1,076,645 shares during the last quarter. Finally, U.S. Capital Wealth Advisors LLC lifted its holdings in Celanese by 113.1% during the fourth quarter. U.S. Capital Wealth Advisors LLC now owns 152,291 shares of the basic materials company’s stock worth $6,439,000 after acquiring an additional 80,827 shares during the period. 98.87% of the stock is currently owned by institutional investors.

Celanese Company Profile

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.