Celanese (NYSE:CE) Price Target Lowered to $75.00 at Barclays

Celanese (NYSE:CE) had its price target reduced by Barclays from $88.00 to $75.00 in a research note issued to investors on Wednesday morning,Benzinga reports. Barclays currently has an equal weight rating on the basic materials company’s stock.

Other equities research analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft raised Celanese from a “hold” rating to a “buy” rating and lowered their target price for the company from $135.00 to $110.00 in a research note on Wednesday, November 6th. BMO Capital Markets cut Celanese from a “market perform” rating to an “underperform” rating and lowered their target price for the company from $138.00 to $76.00 in a research note on Monday, November 11th. Robert W. Baird lowered their target price on Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th. Mizuho reduced their price target on Celanese from $120.00 to $86.00 and set a “neutral” rating on the stock in a research report on Thursday, December 5th. Finally, Morgan Stanley reduced their price target on Celanese from $100.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Monday, January 13th. Four investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $102.06.

Celanese Stock Down 1.2 %

NYSE CE opened at $68.06 on Wednesday. The stock has a fifty day moving average of $69.83 and a 200-day moving average of $102.75. The stock has a market capitalization of $7.44 billion, a P/E ratio of 6.85, a price-to-earnings-growth ratio of 1.42 and a beta of 1.17. Celanese has a 52 week low of $64.05 and a 52 week high of $172.16. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. DT Investment Partners LLC lifted its holdings in shares of Celanese by 128.8% in the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock valued at $25,000 after purchasing an additional 103 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Celanese by 103.7% in the fourth quarter. UMB Bank n.a. now owns 381 shares of the basic materials company’s stock valued at $26,000 after purchasing an additional 194 shares in the last quarter. CKW Financial Group lifted its holdings in shares of Celanese by 52.9% in the fourth quarter. CKW Financial Group now owns 535 shares of the basic materials company’s stock valued at $37,000 after purchasing an additional 185 shares in the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Celanese by 43.2% in the fourth 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. lifted its holdings in shares of Celanese by 124.0% in the third quarter. Mather Group LLC. now owns 401 shares of the basic materials company’s stock valued at $55,000 after purchasing an additional 222 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors.

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.