Eurizon Capital SGR S.p.A. Invests $593,000 in Celanese Corporation $CE

Eurizon Capital SGR S.p.A. bought a new position in shares of Celanese Corporation (NYSE:CE) in the 4th quarter, HoldingsChannel reports. The institutional investor bought 14,025 shares of the basic materials company’s stock, valued at approximately $593,000.

Other large investors have also made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in shares of Celanese by 12.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 259,196 shares of the basic materials company’s stock worth $10,907,000 after buying an additional 29,392 shares during the period. AMG National Trust Bank raised its stake in Celanese by 270.1% in the 3rd quarter. AMG National Trust Bank now owns 70,322 shares of the basic materials company’s stock valued at $2,959,000 after purchasing an additional 51,322 shares during the last quarter. Russell Investments Group Ltd. raised its stake in Celanese by 21.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 1,214,487 shares of the basic materials company’s stock valued at $51,104,000 after purchasing an additional 214,632 shares during the last quarter. Fox Run Management L.L.C. raised its stake in Celanese by 406.9% in the 3rd quarter. Fox Run Management L.L.C. now owns 42,175 shares of the basic materials company’s stock valued at $1,775,000 after purchasing an additional 33,854 shares during the last quarter. Finally, QSM Asset Management Ltd raised its stake in Celanese by 102.2% in the 4th quarter. QSM Asset Management Ltd now owns 84,698 shares of the basic materials company’s stock valued at $3,581,000 after purchasing an additional 42,800 shares during the last quarter. 98.87% of the stock is owned by institutional investors and hedge funds.

Celanese Stock Up 0.6%

Shares of NYSE:CE opened at $55.61 on Thursday. The company has a quick ratio of 0.85, a current ratio of 1.38 and a debt-to-equity ratio of 2.41. The business has a fifty day moving average of $60.85 and a two-hundred day moving average of $52.01. The stock has a market cap of $6.10 billion, a P/E ratio of -5.56, a PEG ratio of 0.34 and a beta of 0.73. Celanese Corporation has a 52-week low of $35.13 and a 52-week high of $70.70.

Celanese (NYSE:CE) last issued its earnings results on Tuesday, May 5th. The basic materials company reported $0.85 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.03). The company had revenue of $2.34 billion during the quarter, compared to analysts’ expectations of $2.34 billion. Celanese had a negative net margin of 11.54% and a positive return on equity of 9.92%. The firm’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.57 earnings per share. Celanese has set its Q2 2026 guidance at 2.000-2.400 EPS. On average, research analysts expect that Celanese Corporation will post 5.8 earnings per share for the current year.

Celanese Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, May 11th. Shareholders of record on Monday, April 27th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.2%. The ex-dividend date was Monday, April 27th. Celanese’s dividend payout ratio is presently -1.20%.

Analysts Set New Price Targets

Several research analysts recently commented on CE shares. Bank of America increased their price objective on Celanese from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Tuesday, April 21st. Robert W. Baird increased their price objective on Celanese from $65.00 to $75.00 and gave the company an “outperform” rating in a research note on Friday, March 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Celanese in a research note on Tuesday, May 26th. Wells Fargo & Company increased their price objective on Celanese from $75.00 to $80.00 and gave the company an “overweight” rating in a research note on Friday, May 8th. Finally, Jefferies Financial Group raised Celanese from a “hold” rating to a “buy” rating and set a $86.00 price objective for the company in a research note on Thursday, February 5th. Ten research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $67.81.

Celanese Profile

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.