Celanese (NYSE:CE) Downgraded to “Hold” Rating by Wall Street Zen

Celanese (NYSE:CE) was downgraded by Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

Several other equities analysts have also weighed in on the stock. Morgan Stanley increased their price objective on shares of Celanese from $50.00 to $72.00 and gave the company an “equal weight” rating in a research report on Tuesday, May 5th. Vertical Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 price target on the stock in a research note on Monday, March 9th. Robert W. Baird increased their price target on shares of Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a report on Friday, March 27th. Royal Bank Of Canada raised their price objective on shares of Celanese from $66.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Monday, May 11th. Finally, Bank of America boosted their price objective on Celanese from $70.00 to $75.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Ten equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $67.81.

Celanese Price Performance

Shares of NYSE CE opened at $51.13 on Friday. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.38 and a quick ratio of 0.85. The business has a 50-day moving average of $58.01 and a 200-day moving average of $53.03. The stock has a market capitalization of $5.61 billion, a price-to-earnings ratio of -5.11, a PEG ratio of 0.31 and a beta of 0.73. Celanese has a fifty-two week low of $35.13 and a fifty-two week high of $70.70.

Celanese (NYSE:CE) last issued 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). The company had revenue of $2.34 billion for the quarter, compared to analyst estimates of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The business’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same period last year, the company posted $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. As a group, sell-side analysts predict that Celanese will post 5.8 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Celanese

Large investors have recently added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Celanese by 41.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after acquiring an additional 9,543 shares during the period. NewEdge Advisors LLC increased its position in shares of Celanese by 265.2% in the first quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,654 shares during the period. EverSource Wealth Advisors LLC raised its stake in Celanese by 144.9% in the second quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 755 shares in the last quarter. Baird Financial Group Inc. raised its stake in Celanese by 42.1% in the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after purchasing an additional 2,303 shares in the last quarter. Finally, California Public Employees Retirement System lifted its position in Celanese by 6.5% during the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock worth $10,235,000 after purchasing an additional 11,347 shares during the period. Institutional investors and hedge funds 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.