Celanese Co. (NYSE:CE – Free Report) – Stock analysts at Zacks Research issued their FY2027 EPS estimates for shares of Celanese in a research note issued on Monday, March 10th. Zacks Research analyst R. Department forecasts that the basic materials company will post earnings per share of $9.30 for the year. The consensus estimate for Celanese’s current full-year earnings is $8.79 per share.
A number of other research analysts have also weighed in on CE. Wells Fargo & Company decreased their target price on shares of Celanese from $75.00 to $55.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 20th. Citigroup raised shares of Celanese to a “neutral” rating and raised their target price for the stock from $73.00 to $76.00 in a research note on Thursday, January 23rd. BMO Capital Markets decreased their target price on shares of Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a research note on Thursday, February 20th. Piper Sandler decreased their target price on shares of Celanese from $77.00 to $50.00 and set an “underweight” rating on the stock in a research note on Tuesday, February 25th. Finally, UBS Group decreased their target price on shares of Celanese from $72.00 to $60.00 and set a “neutral” rating on the stock in a research note on Thursday, February 20th. Three investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $72.31.
Read Our Latest Stock Report on Celanese
Celanese Trading Up 0.5 %
Shares of Celanese stock opened at $53.07 on Wednesday. The firm has a market capitalization of $5.80 billion, a PE ratio of -3.81, a P/E/G ratio of 1.05 and a beta of 1.23. Celanese has a twelve month low of $45.94 and a twelve month high of $172.16. The firm’s 50-day moving average price is $64.11 and its 200 day moving average price is $90.08. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98.
Celanese (NYSE:CE – Get Free Report) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.25 by $0.20. The firm had revenue of $2.37 billion for the quarter, compared to analyst estimates of $2.36 billion. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%.
Institutional Trading of Celanese
Several institutional investors have recently added to or reduced their stakes in CE. Dodge & Cox increased its holdings in Celanese by 100.3% in the 4th quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company’s stock valued at $942,506,000 after purchasing an additional 6,818,993 shares during the last quarter. Norges Bank acquired a new stake in Celanese in the 4th quarter valued at approximately $222,815,000. Turtle Creek Asset Management Inc. increased its holdings in Celanese by 266.7% in the 4th quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company’s stock valued at $242,681,000 after purchasing an additional 2,550,334 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its position in Celanese by 4,506.7% in the 4th quarter. Fuller & Thaler Asset Management Inc. now owns 2,344,661 shares of the basic materials company’s stock valued at $162,274,000 after buying an additional 2,293,764 shares during the period. Finally, Wellington Management Group LLP boosted its position in Celanese by 27.4% in the 3rd quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock valued at $1,286,230,000 after buying an additional 2,036,362 shares during the period. Institutional investors and hedge funds own 98.87% of the company’s stock.
Celanese Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Tuesday, March 11th. Investors of record on Tuesday, February 25th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 25th. This represents a $0.12 annualized dividend and a yield of 0.23%. Celanese’s dividend payout ratio (DPR) is presently -0.86%.
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.
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