Celanese Co. (NYSE: CE) Receives Average “Buy” Analyst Rating
Shares of Celanese Co. (NYSE: CE) have received an average “Buy” rating from the twenty-two rating companies that currently cover the company, reports MarketBeat.com. One investment analyst gave the stock a sell rating, seven assigned a conservation rating, and twelve a buy rating to the company. The average one-year target price among analysts who issued ratings on the stock in the past year is $ 159.29.
CE has been the subject of several research analyst reports. BMO Capital Markets raised its price target for Celanese shares from $ 171.00 to $ 175.00 and rated the stock as “outperforming” in a research report published on Monday, April 19. Morgan Stanley raised its price target for Celanese shares from $ 150.00 to $ 157.00 and gave the stock an “equal weight” rating in a research report published on Monday, April 26. Barclays raised its price target for Celanese shares from $ 170.00 to $ 180.00 and rated the stock “overweight” in a research report published on Tuesday, April 27. Deutsche Bank Aktiengesellschaft raised its price target for Celanese shares from $ 160.00 to $ 168.00 and gave the stock a “hold” rating in a research report on Monday, May 3. Finally, Alembic Global Advisors raised its price target on Celanese shares from $ 155.00 to $ 200.00 and assigned the stock an “overweight” rating in a research report on Monday, May 3.
Celanese shares opened at $ 146.47 on Friday. The stock has a 50-day moving average price of $ 161.29. The company has a market cap of $ 16.50 billion, a P / E ratio of 8.15, a P / E / G ratio of 0.59 and a beta of 1.24. Celanese has a fifty-two week low of $ 81.63 and a fifty-two week high of $ 171.00. The company has a debt ratio of 0.80, a rapid ratio of 1.39 and a current ratio of 1.92.
Celanese (NYSE: CE) last released its quarterly earnings data on Wednesday, April 21. The basic materials company reported earnings per share of $ 3.46 for the quarter, beating analyst consensus estimates of $ 2.96 by $ 0.50. The company posted revenue of $ 1.80 billion in the quarter, compared to a consensus estimate of $ 1.72 billion. Celanese had a net margin of 34.86% and a return on equity of 30.19%. The company’s revenue increased 23.2% compared to the same quarter last year. In the same quarter of the previous year, the company posted earnings of $ 2.29 per share. As a group, sell-side analysts expect Celanese to post earnings per share of 13.32 for the current year.
The company also recently declared a quarterly dividend, which was paid on Monday, May 10. Shareholders of record on Monday April 26 received a dividend of $ 0.68. The ex-dividend date was Friday April 23. This represents an annualized dividend of $ 2.72 and a dividend yield of 1.86%. Celanese’s dividend payout ratio (DPR) is 35.60%.
In addition, director John K. Wulff sold 6,000 shares in a transaction that took place on Monday, April 12. The shares were sold for an average price of $ 153.82, for a total value of $ 922,920.00. Following the closing of the sale, the Director now owns 12,421 shares of the company, valued at approximately $ 1,910,598.22. The transaction was disclosed in a file with the SEC, which can be accessed via this link. Company insiders own 0.20% of the company’s shares.
Institutional investors recently bought and sold shares in the company. Cambridge Investment Research Advisors Inc. increased its stake in Celanese shares by 4.5% in the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 2,605 stocks of the basic materials company valued at $ 339,000 after acquiring 112 additional stocks in the last quarter. Aperio Group LLC increased its stake in Celanese shares by 3.2% in the 4th quarter. Aperio Group LLC now owns 101,972 shares of the basic materials company valued at $ 13,250,000 after acquiring 3,149 additional shares in the last quarter. Tompkins Financial Corp acquired a new position in Celanese shares in the 4th quarter valued at approximately $ 67,000. LAO LP acquired a new position in Celanese shares in the fourth quarter valued at approximately $ 207,000. Finally, FIL Ltd increased its stake in Celanese shares by 2.3% in the 4th quarter. FIL Ltd. now owns 121,479 shares of the basic materials company valued at $ 15,785,000 after acquiring 2,675 additional shares during the last quarter. 92.82% of the shares are held by institutional investors and hedge funds.
Celanese Corporation, a specialty technology and materials company, manufactures and sells high performance engineering polymers in the United States and internationally. The company operates through the Engineered Materials, Acetate Tow and Acetyl Chain segments. 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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