Celanese (NYSE:CE) Trading Up 8.3% – Here’s What Happened

Celanese Corporation (NYSE:CE)’s stock price traded up 8.3% during trading on Tuesday . The stock traded as high as $47.84 and last traded at $48.0590. Approximately 156,120 shares were traded during mid-day trading, a decline of 93% from the average session volume of 2,133,874 shares. The stock had previously closed at $44.38.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CE. Weiss Ratings restated a “sell (d-)” rating on shares of Celanese in a report on Friday, August 21st. Wall Street Zen cut Celanese from a “buy” rating to a “hold” rating in a research report on Saturday, June 20th. BMO Capital Markets decreased their price objective on shares of Celanese from $57.00 to $54.00 and set a “market perform” rating for the company in a research report on Wednesday, August 5th. Bank of America decreased their target price on Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Finally, Morgan Stanley dropped their price target on Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a report on Thursday, July 16th. One investment analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.27.

Celanese Stock Performance

The stock’s fifty day moving average price is $45.32 and its two-hundred day moving average price is $52.57. The company has a market cap of $5.28 billion, a P/E ratio of -4.51, a P/E/G ratio of 0.29 and a beta of 0.76. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.87 and a current ratio of 1.45.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, August 4th. The basic materials company reported $2.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.23 by $0.22. The company had revenue of $2.75 billion for the quarter, compared to analyst estimates of $2.75 billion. Celanese had a positive return on equity of 13.04% and a negative net margin of 12.04%.The company’s revenue for the quarter was up 8.7% compared to the same quarter last year. During the same quarter last year, the company posted $1.44 EPS. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. As a group, equities analysts predict that Celanese Corporation will post 6 earnings per share for the current year.

Celanese Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 10th. Shareholders of record on Tuesday, July 28th were paid a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.2%. The ex-dividend date of this dividend was Tuesday, July 28th. Celanese’s payout ratio is presently -1.12%.

Insiders Place Their Bets

In other news, SVP Mark Murray bought 2,153 shares of the stock in a transaction on Tuesday, August 11th. The stock was acquired at an average price of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president directly owned 30,432 shares in the company, valued at approximately $1,385,264.64. This trade represents a 7.61% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.34% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Celanese

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tidal Investments LLC increased its holdings in Celanese by 132.4% in the second quarter. Tidal Investments LLC now owns 19,299 shares of the basic materials company’s stock valued at $888,000 after purchasing an additional 10,993 shares during the period. Engineers Gate Manager LP increased its holdings in Celanese by 2,657.4% in the second quarter. Engineers Gate Manager LP now owns 124,083 shares of the basic materials company’s stock worth $5,708,000 after purchasing an additional 119,583 shares in the last quarter. Squarepoint Ops LLC increased its stake in shares of Celanese by 154.4% in the 2nd quarter. Squarepoint Ops LLC now owns 232,605 shares of the basic materials company’s stock valued at $10,700,000 after acquiring an additional 141,175 shares in the last quarter. Nykredit A S bought a new stake in Celanese in the second quarter valued at $166,000. Finally, Corient Private Wealth LP increased its position in Celanese by 59.2% in the 2nd quarter. Corient Private Wealth LP now owns 162,154 shares of the basic materials company’s stock valued at $7,459,000 after buying an additional 60,317 shares in the last quarter. 98.87% of the stock is currently owned by institutional investors and hedge funds.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company headquartered in Irving, Texas. The company develops and manufactures engineered polymers, specialty chemicals and other materials used in a broad range of industries, including automotive, medical, electronics, consumer products, industrial equipment, coatings and packaging.

Celanese operates through two primary businesses: Engineered Materials and the Acetyl Chain. Its engineered materials portfolio includes high-performance thermoplastics, engineered polymers and other specialty compounds used to replace metal and conventional materials in demanding applications.