Celanese Corp. (NYSE:CE) has been assigned an average recommendation of “Buy” from the eighteen brokerages that are currently covering the firm. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation, seven have assigned a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $72.79.

Several equities research analysts have recently issued reports on the company. Citigroup Inc. lowered their price objective on Celanese Corp. from $82.00 to $81.00 and set a “buy” rating for the company in a research note on Friday, July 15th. Nomura reaffirmed a “hold” rating on shares of Celanese Corp. in a research note on Tuesday, July 12th. Zacks Investment Research lowered Celanese Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, July 27th. Barclays PLC lowered their price objective on Celanese Corp. from $82.00 to $76.00 and set an “overweight” rating for the company in a research note on Wednesday, July 27th. Finally, Jefferies Group reaffirmed a “buy” rating on shares of Celanese Corp. in a research note on Friday, August 12th.

Celanese Corp. (NYSE:CE) traded up 1.17% during midday trading on Wednesday, hitting $65.98. The company had a trading volume of 546,712 shares. The company has a market capitalization of $9.55 billion, a P/E ratio of 28.65 and a beta of 1.61. The stock has a 50 day moving average price of $64.20 and a 200 day moving average price of $67.32. Celanese Corp. has a 52 week low of $55.07 and a 52 week high of $74.55.

Celanese Corp. (NYSE:CE) last posted its quarterly earnings data on Monday, July 25th. The company reported $1.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.56 by $0.03. The business earned $1.35 billion during the quarter, compared to analyst estimates of $1.42 billion. Celanese Corp. had a return on equity of 30.07% and a net margin of 6.20%. The company’s revenue for the quarter was down 8.5% on a year-over-year basis. During the same period last year, the company earned $1.58 EPS. Equities analysts forecast that Celanese Corp. will post $6.54 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Metropolitan Life Insurance Co. NY boosted its stake in Celanese Corp. by 0.3% in the second quarter. Metropolitan Life Insurance Co. NY now owns 4,978 shares of the company’s stock worth $326,000 after buying an additional 13 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in Celanese Corp. by 0.7% in the second quarter. Checchi Capital Advisers LLC now owns 2,630 shares of the company’s stock worth $172,000 after buying an additional 17 shares during the last quarter. Synovus Financial Corp boosted its stake in Celanese Corp. by 1.3% in the second quarter. Synovus Financial Corp now owns 4,015 shares of the company’s stock worth $263,000 after buying an additional 51 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Celanese Corp. by 1.5% in the third quarter. Eqis Capital Management Inc. now owns 6,727 shares of the company’s stock worth $448,000 after buying an additional 101 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in Celanese Corp. by 1.4% in the second quarter. ProShare Advisors LLC now owns 12,213 shares of the company’s stock worth $799,000 after buying an additional 165 shares during the last quarter. Institutional investors own 95.96% of the company’s stock.

Celanese Corp. Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company operates through four segments: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. Its business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp, into chemicals, thermoplastic polymers and other chemical-based products.

5 Day Chart for NYSE:CE

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