Celanese (NYSE:CE) Trading Up 8% – Here’s Why

Shares of Celanese Corporation (NYSE:CE) traded up 8% during mid-day trading on Tuesday . The company traded as high as $60.62 and last traded at $60.63. 1,066,145 shares traded hands during trading, a decline of 59% from the average session volume of 2,586,925 shares. The stock had previously closed at $56.13.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Royal Bank Of Canada upped their price objective on Celanese from $48.00 to $55.00 and gave the stock a “sector perform” rating in a research report on Monday, February 23rd. Vertical Research upgraded shares of Celanese from a “hold” rating to a “buy” rating and set a $60.00 target price for the company in a report on Monday, March 9th. JPMorgan Chase & Co. lifted their price target on shares of Celanese from $40.00 to $53.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Zacks Research cut shares of Celanese from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 20th. Finally, Wells Fargo & Company upgraded shares of Celanese from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $55.00 to $70.00 in a research note on Friday, March 13th. Nine equities research analysts have rated the stock with a Buy rating, eight have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $60.67.

Celanese Trading Up 8.8%

The company has a market cap of $6.69 billion, a P/E ratio of -5.76, a PEG ratio of 0.42 and a beta of 1.07. The company has a current ratio of 1.55, a quick ratio of 0.94 and a debt-to-equity ratio of 2.55. The business has a 50 day moving average price of $52.11 and a 200-day moving average price of $45.37.

Celanese (NYSE:CE) last released its earnings results on Tuesday, February 17th. The basic materials company reported $0.67 earnings per share for the quarter, missing the consensus estimate of $0.89 by ($0.22). The firm had revenue of $2.20 billion during the quarter, compared to the consensus estimate of $2.25 billion. Celanese had a negative net margin of 12.15% and a positive return on equity of 8.75%. Celanese’s quarterly revenue was down 6.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.45 earnings per share. Celanese has set its Q1 2026 guidance at 0.700-0.850 EPS. Analysts forecast that Celanese Corporation will post 8.79 earnings per share for the current fiscal year.

Celanese Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 10th. Stockholders of record on Tuesday, February 24th were issued a $0.03 dividend. 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, February 24th. Celanese’s dividend payout ratio is presently -1.13%.

Hedge Funds Weigh In On Celanese

Hedge funds and other institutional investors have recently bought and sold shares of the business. Geneos Wealth Management Inc. lifted its position in shares of Celanese by 111.1% in the second quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock valued at $28,000 after buying an additional 270 shares during the last quarter. National Bank of Canada FI acquired a new position in shares of Celanese during the 3rd quarter worth approximately $34,000. Versant Capital Management Inc raised its stake in Celanese by 140.4% in the 3rd quarter. Versant Capital Management Inc now owns 827 shares of the basic materials company’s stock valued at $35,000 after acquiring an additional 483 shares during the period. Salomon & Ludwin LLC acquired a new stake in Celanese during the 3rd quarter valued at $36,000. Finally, Hartford Financial Management Inc. lifted its holdings in Celanese by 350.5% during the 4th quarter. Hartford Financial Management Inc. now owns 901 shares of the basic materials company’s stock valued at $38,000 after purchasing an additional 701 shares during the last quarter. Institutional investors 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.