Celanese (NYSE:CE) Rating Lowered to “Strong Sell” at Zacks Research

by · The Markets Daily

Celanese (NYSE:CE – Get Free Report) was downgraded by equities researchers at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued on Tuesday,Zacks.com reports.

A number of other equities analysts have also recently issued reports on the stock. Weiss Ratings reissued a “sell (d)” rating on shares of Celanese in a report on Wednesday, October 8th. Citigroup raised their price target on Celanese from $56.00 to $63.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Tudor Pickering upgraded Celanese from a “strong sell” rating to a “hold” rating in a research note on Tuesday, November 11th. Bank of America cut their target price on Celanese from $59.00 to $57.00 and set a “buy” rating on the stock in a research note on Tuesday, October 14th. Finally, Morgan Stanley assumed coverage on shares of Celanese in a research report on Tuesday. They set an “equal weight” rating and a $50.00 price target for the company. Six investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.06.

Check Out Our Latest Research Report on CE

Celanese Stock Down 0.2%

Shares of CE traded down $0.10 during mid-day trading on Tuesday, reaching $48.02. 579,257 shares of the stock traded hands, compared to its average volume of 2,136,247. The stock has a fifty day simple moving average of $42.08 and a 200 day simple moving average of $44.91. Celanese has a 12-month low of $35.13 and a 12-month high of $75.84. The company has a quick ratio of 1.04, a current ratio of 1.63 and a debt-to-equity ratio of 2.66. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of -1.70 and a beta of 1.12.

Celanese (NYSE:CE – Get Free Report) last released its earnings results on Thursday, November 6th. The basic materials company reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.07. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.51 billion. Celanese had a negative net margin of 31.85% and a positive return on equity of 9.87%. The company’s revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.44 EPS. Celanese has set its Q4 2025 guidance at 0.850-1.000 EPS. Sell-side analysts expect that Celanese will post 8.79 EPS for the current fiscal year.

Insider Transactions at Celanese

In other news, CFO Chuck Kyrish purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, December 9th. The shares were acquired at an average price of $41.03 per share, for a total transaction of $205,150.00. Following the completion of the acquisition, the chief financial officer directly owned 10,914 shares of the company’s stock, valued at $447,801.42. The trade was a 84.55% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.33% of the company’s stock.

Institutional Trading of Celanese

Several large investors have recently made changes to their positions in the stock. Geneos Wealth Management Inc. raised its holdings in Celanese by 111.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 513 shares of the basic materials company’s stock worth $28,000 after acquiring an additional 270 shares during the period. SBI Securities Co. Ltd. grew its position in shares of Celanese by 55.4% in the second quarter. SBI Securities Co. Ltd. now owns 623 shares of the basic materials company’s stock valued at $34,000 after purchasing an additional 222 shares during the last quarter. Smartleaf Asset Management LLC increased its stake in shares of Celanese by 100.0% in the second quarter. Smartleaf Asset Management LLC now owns 662 shares of the basic materials company’s stock worth $38,000 after purchasing an additional 331 shares during the period. LRI Investments LLC lifted its position in shares of Celanese by 99.0% during the 2nd quarter. LRI Investments LLC now owns 758 shares of the basic materials company’s stock worth $42,000 after purchasing an additional 377 shares during the last quarter. Finally, Salomon & Ludwin LLC bought a new stake in Celanese during the 3rd quarter valued at approximately $36,000. Institutional investors own 98.87% of the company’s stock.

Celanese Company Profile

(Get Free Report)

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.

Read More