Celanese Co. (NYSE:CE – Get Free Report) has earned an average rating of “Hold” from the seventeen research firms that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, eleven have assigned a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $61.94.
CE has been the subject of a number of recent research reports. Wells Fargo & Company increased their target price on Celanese from $40.00 to $45.00 and gave the company an “equal weight” rating in a research note on Wednesday, May 7th. Vertical Research raised Celanese from a “sell” rating to a “hold” rating and set a $66.00 price target for the company in a report on Thursday, March 6th. KeyCorp increased their price target on Celanese from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Wednesday, May 7th. UBS Group reduced their price target on Celanese from $60.00 to $46.00 and set a “neutral” rating for the company in a report on Monday, April 7th. Finally, Bank of America increased their price target on Celanese from $55.00 to $61.00 and gave the company a “buy” rating in a report on Friday, May 16th.
Get Our Latest Analysis on Celanese
Insider Buying and Selling
Hedge Funds Weigh In On Celanese
Hedge funds have recently modified their holdings of the company. Altshuler Shaham Ltd acquired a new position in shares of Celanese during the 4th quarter valued at $25,000. Strengthening Families & Communities LLC grew its holdings in shares of Celanese by 73.2% during the first quarter. Strengthening Families & Communities LLC now owns 440 shares of the basic materials company’s stock valued at $25,000 after buying an additional 186 shares in the last quarter. State of Wyoming grew its holdings in shares of Celanese by 122.5% during the fourth quarter. State of Wyoming now owns 485 shares of the basic materials company’s stock valued at $34,000 after buying an additional 267 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Celanese during the first quarter valued at $30,000. Finally, LRI Investments LLC grew its holdings in shares of Celanese by 739.1% during the fourth quarter. LRI Investments LLC now owns 537 shares of the basic materials company’s stock valued at $37,000 after buying an additional 473 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.
Celanese Price Performance
CE stock opened at $59.39 on Friday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.76 and a current ratio of 1.34. Celanese has a 1 year low of $36.29 and a 1 year high of $150.31. The firm has a market cap of $6.50 billion, a P/E ratio of -4.26, a price-to-earnings-growth ratio of 1.05 and a beta of 1.13. The stock has a 50-day simple moving average of $47.62 and a 200-day simple moving average of $58.74.
Celanese (NYSE:CE – Get Free Report) last posted its earnings results on Monday, May 5th. The basic materials company reported $0.57 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.20. Celanese had a positive return on equity of 12.86% and a negative net margin of 14.81%. The business had revenue of $2.39 billion during the quarter, compared to analyst estimates of $2.26 billion. During the same quarter last year, the firm earned $2.08 earnings per share. The company’s revenue for the quarter was down 8.5% compared to the same quarter last year. On average, equities analysts predict that Celanese will post 8.79 earnings per share for the current fiscal year.
Celanese Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, May 12th. Shareholders of record on Monday, April 28th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.20%. The ex-dividend date was Monday, April 28th. Celanese’s dividend payout ratio is presently -0.79%.
About Celanese
Celanese Corporation, a chemical and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. It operates through Engineered Materials and Acetyl Chain. The Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics.
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