Celanese Co. (NYSE:CE) Receives $102.82 Consensus Target Price from Analysts

Shares of Celanese Co. (NYSE:CE) have earned an average rating of “Hold” from the sixteen research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $102.06.

A number of research analysts have recently weighed in on CE shares. Vertical Research downgraded shares of Celanese from a “hold” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Tuesday, October 29th. UBS Group lowered Celanese from a “buy” rating to a “neutral” rating and cut their target price for the company from $161.00 to $97.00 in a report on Monday, November 11th. Royal Bank of Canada decreased their price target on Celanese from $122.00 to $88.00 and set an “outperform” rating for the company in a research note on Thursday, December 19th. Bank of America raised Celanese from an “underperform” rating to a “buy” rating and cut their price objective for the company from $95.00 to $88.00 in a research note on Tuesday, January 14th. Finally, Robert W. Baird reduced their price objective on shares of Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th.

Celanese Stock Down 1.8 %

CE opened at $70.07 on Monday. The company has a market capitalization of $7.66 billion, a PE ratio of 7.05, a price-to-earnings-growth ratio of 1.42 and a beta of 1.17. The company has a debt-to-equity ratio of 1.47, a current ratio of 1.37 and a quick ratio of 0.76. Celanese has a fifty-two week low of $64.05 and a fifty-two week high of $172.16. The business has a 50-day moving average of $69.91 and a 200-day moving average of $102.99.

Celanese (NYSE:CE) last posted its earnings results on Monday, November 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.85 by ($0.41). Celanese had a net margin of 10.40% and a return on equity of 13.17%. The business had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.70 billion. During the same quarter last year, the firm earned $2.50 earnings per share. Celanese’s revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Celanese will post 8.11 EPS for the current fiscal year.

Institutional Trading of Celanese

A number of hedge funds have recently modified their holdings of the company. DT Investment Partners LLC raised its holdings in shares of Celanese by 128.8% in the 3rd quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after buying an additional 103 shares in the last quarter. UMB Bank n.a. raised its stake in Celanese by 103.7% during the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock worth $26,000 after acquiring an additional 194 shares in the last quarter. CKW Financial Group lifted its holdings in shares of Celanese by 52.9% during the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after acquiring an additional 185 shares during the period. CENTRAL TRUST Co boosted its stake in shares of Celanese by 43.2% in the 4th quarter. CENTRAL TRUST Co now owns 670 shares of the basic materials company’s stock valued at $46,000 after purchasing an additional 202 shares in the last quarter. Finally, Mather Group LLC. grew its holdings in shares of Celanese by 124.0% in the 3rd quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

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.