Wells Fargo & Co reaffirmed their market perform rating on shares of Celanese (NYSE:CE) in a report published on Wednesday, The Fly reports. Wells Fargo & Co currently has a $110.00 target price on the basic materials company’s stock, up from their prior target price of $104.00.

A number of other brokerages have also issued reports on CE. ValuEngine lowered Celanese from a strong-buy rating to a buy rating in a research note on Friday, October 6th. Nomura lifted their price objective on Celanese from $97.00 to $100.00 and gave the company a neutral rating in a research note on Tuesday, October 10th. Zacks Investment Research raised Celanese from a hold rating to a buy rating and set a $118.00 price objective on the stock in a research note on Monday, December 18th. UBS Group lifted their price objective on Celanese from $100.00 to $107.00 and gave the company a neutral rating in a research note on Tuesday, October 17th. Finally, Cowen reaffirmed a buy rating on shares of Celanese in a research note on Sunday, October 29th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, thirteen have assigned a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $108.28.

Shares of Celanese (CE) traded up $1.93 during trading hours on Wednesday, reaching $112.96. The company’s stock had a trading volume of 684,486 shares, compared to its average volume of 399,760. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. Celanese has a 12-month low of $81.88 and a 12-month high of $113.33. The firm has a market cap of $15,321.44, a price-to-earnings ratio of 19.71, a price-to-earnings-growth ratio of 1.52 and a beta of 1.32.

In related news, CFO Christopher W. Jensen sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, January 11th. The stock was sold at an average price of $110.00, for a total transaction of $330,000.00. Following the transaction, the chief financial officer now directly owns 52,924 shares of the company’s stock, valued at approximately $5,821,640. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Christopher W. Jensen sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $104.68, for a total value of $104,680.00. Following the transaction, the chief financial officer now directly owns 60,086 shares in the company, valued at $6,289,802.48. The disclosure for this sale can be found here. Insiders have sold a total of 6,500 shares of company stock worth $699,380 over the last three months. 0.42% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. increased its holdings in Celanese by 24.2% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,059 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 206 shares during the last quarter. First PREMIER Bank increased its holdings in Celanese by 900.0% during the 4th quarter. First PREMIER Bank now owns 1,000 shares of the basic materials company’s stock worth $107,000 after purchasing an additional 900 shares during the last quarter. Toronto Dominion Bank increased its holdings in Celanese by 8.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,731 shares of the basic materials company’s stock worth $164,000 after purchasing an additional 134 shares during the last quarter. Peapack Gladstone Financial Corp purchased a new stake in Celanese during the 2nd quarter worth approximately $212,000. Finally, Advisor Group Inc. increased its holdings in Celanese by 46.9% during the 2nd quarter. Advisor Group Inc. now owns 2,241 shares of the basic materials company’s stock worth $212,000 after purchasing an additional 715 shares during the last quarter. 96.06% of the stock is currently owned by hedge funds and other institutional investors.

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About Celanese

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

The Fly

Analyst Recommendations for Celanese (NYSE:CE)

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