Celanese (NYSE:CE) Share Price Passes Above 200 Day Moving Average – Here’s Why

Shares of Celanese Corporation (NYSE:CE) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $52.97 and traded as high as $53.20. Celanese shares last traded at $51.2440, with a volume of 1,114,371 shares traded.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Robert W. Baird lifted their price objective on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Celanese in a report on Tuesday, May 26th. UBS Group raised their target price on shares of Celanese from $58.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, April 9th. Royal Bank Of Canada boosted their price target on shares of Celanese from $66.00 to $68.00 and gave the company a “sector perform” rating in a report on Monday, May 11th. Finally, Wall Street Zen raised shares of Celanese from a “hold” rating to a “buy” rating in a research report on Saturday, May 9th. Ten investment 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’s stock. According to MarketBeat.com, Celanese presently has a consensus rating of “Moderate Buy” and an average price target of $67.81.

Celanese Price Performance

The firm has a 50 day simple moving average of $58.51 and a 200-day simple moving average of $52.97. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. The company has a market cap of $5.62 billion, a PE ratio of -5.12, a price-to-earnings-growth ratio of 0.32 and a beta of 0.73.

Celanese (NYSE:CE) last released its quarterly earnings results on Tuesday, May 5th. The basic materials company reported $0.85 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.03). Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.34 billion. During the same period in the previous year, the company posted $0.57 earnings per share. The business’s quarterly 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, research analysts predict that Celanese Corporation will post 5.8 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 11th. Shareholders of record on Monday, April 27th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, April 27th. Celanese’s dividend payout ratio (DPR) is -1.20%.

Institutional Trading of Celanese

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Geneos Wealth Management Inc. boosted its position in shares of Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after purchasing an additional 270 shares in the last quarter. National Bank of Canada FI acquired a new position in Celanese during the 3rd quarter valued at about $34,000. Hartford Financial Management Inc. raised its stake in Celanese by 350.5% in the fourth quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after buying an additional 701 shares during the last quarter. Smartleaf Asset Management LLC raised its stake in Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock valued at $38,000 after buying an additional 331 shares during the last quarter. Finally, UMB Bank n.a. boosted its holdings in Celanese by 175.7% in the fourth quarter. UMB Bank n.a. now owns 896 shares of the basic materials company’s stock worth $38,000 after acquiring an additional 571 shares in the last quarter. Hedge funds and other institutional investors own 98.87% of the company’s stock.

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.