Celanese (NYSE:CE) Stock Rating Upgraded by KeyCorp

Celanese (NYSE:CE) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a note issued to investors on Friday, Marketbeat reports. The firm currently has a $76.00 target price on the basic materials company’s stock. KeyCorp’s target price would indicate a potential upside of 33.11% from the stock’s previous close. KeyCorp also issued estimates for Celanese’s FY2026 earnings at $7.61 EPS.

Several other research firms also recently issued reports on CE. Jefferies Financial Group cut their price objective on Celanese from $102.00 to $82.00 in a report on Thursday, December 5th. Citigroup upgraded Celanese to a “neutral” rating and boosted their price objective for the stock from $73.00 to $76.00 in a report on Thursday, January 23rd. BMO Capital Markets cut their price objective on Celanese from $73.00 to $46.00 and set an “underperform” rating on the stock in a report on Thursday, February 20th. Alembic Global Advisors upgraded Celanese from a “neutral” rating to an “overweight” rating and set a $70.00 price objective on the stock in a report on Monday, March 17th. Finally, Royal Bank of Canada downgraded Celanese from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $84.00 to $56.00 in a report on Thursday, February 20th. Three analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Celanese has a consensus rating of “Hold” and a consensus target price of $66.18.

Celanese Price Performance

Shares of Celanese stock opened at $57.10 on Friday. The company has a current ratio of 1.34, a quick ratio of 0.76 and a debt-to-equity ratio of 1.98. The company’s 50-day moving average price is $62.84 and its two-hundred day moving average price is $86.52. Celanese has a 52 week low of $45.94 and a 52 week high of $172.16. The stock has a market cap of $6.24 billion, a PE ratio of -4.10, a price-to-earnings-growth ratio of 1.05 and a beta of 1.23.

Celanese (NYSE:CE) last issued its quarterly earnings results on Tuesday, February 18th. The basic materials company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.25 by $0.20. Celanese had a negative net margin of 14.81% and a positive return on equity of 12.86%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.36 billion. As a group, sell-side analysts anticipate that Celanese will post 8.79 EPS for the current fiscal year.

Institutional Investors Weigh In On Celanese

A number of large investors have recently added to or reduced their stakes in the stock. Dodge & Cox boosted its position in Celanese by 100.3% during the fourth quarter. Dodge & Cox now owns 13,618,062 shares of the basic materials company’s stock worth $942,506,000 after purchasing an additional 6,818,993 shares during the period. Wellington Management Group LLP boosted its position in Celanese by 27.4% during the third quarter. Wellington Management Group LLP now owns 9,460,353 shares of the basic materials company’s stock worth $1,286,230,000 after purchasing an additional 2,036,362 shares during the period. State Street Corp boosted its position in Celanese by 3.1% during the third quarter. State Street Corp now owns 4,500,813 shares of the basic materials company’s stock worth $611,931,000 after purchasing an additional 136,994 shares during the period. Invesco Ltd. boosted its position in Celanese by 105.0% during the fourth quarter. Invesco Ltd. now owns 3,969,284 shares of the basic materials company’s stock worth $274,714,000 after purchasing an additional 2,033,025 shares during the period. Finally, Turtle Creek Asset Management Inc. boosted its position in Celanese by 266.7% during the fourth quarter. Turtle Creek Asset Management Inc. now owns 3,506,440 shares of the basic materials company’s stock worth $242,681,000 after purchasing an additional 2,550,334 shares during the period. Institutional investors own 98.87% of the company’s stock.

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.