Celanese Co. (NYSE:CE - Get Free Report)'s stock price reached a new 52-week low on Thursday . The stock traded as low as $64.36 and last traded at $64.88, with a volume of 2651798 shares trading hands. The stock had previously closed at $66.30.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Vertical Research cut Celanese from a "hold" rating to a "sell" rating and set a $130.00 price target for the company. in a report on Tuesday, October 29th. Deutsche Bank Aktiengesellschaft raised shares of Celanese from a "hold" rating to a "buy" rating and lowered their price target for the company from $135.00 to $110.00 in a report on Wednesday, November 6th. Citigroup decreased their price objective on shares of Celanese from $100.00 to $73.00 and set a "neutral" rating for the company in a research report on Wednesday, December 18th. UBS Group downgraded Celanese from a "buy" rating to a "neutral" rating and dropped their price objective for the stock from $161.00 to $97.00 in a report on Monday, November 11th. Finally, KeyCorp cut shares of Celanese from an "overweight" rating to a "sector weight" rating in a report on Monday, October 7th. Five research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $109.33.
View Our Latest Report on Celanese
Celanese Stock Down 2.1 %
The stock's fifty day simple moving average is $75.43 and its two-hundred day simple moving average is $112.27. The company has a market capitalization of $7.09 billion, a price-to-earnings ratio of 6.53, a P/E/G ratio of 0.72 and a beta of 1.18. The company has a debt-to-equity ratio of 1.47, a quick ratio of 0.76 and a current ratio of 1.37.
Celanese (NYSE:CE - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The basic materials company reported $2.44 EPS for the quarter, missing analysts' consensus estimates of $2.85 by ($0.41). The company had revenue of $2.65 billion for the quarter, compared to analyst estimates of $2.70 billion. Celanese had a net margin of 10.40% and a return on equity of 13.17%. Celanese's revenue was down 2.8% on a year-over-year basis. During the same quarter last year, the company posted $2.50 EPS. On average, sell-side analysts anticipate that Celanese Co. will post 8.38 EPS for the current year.
Celanese Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 13th. Shareholders of record on Wednesday, October 30th were given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend was Wednesday, October 30th. Celanese's payout ratio is 28.17%.
Institutional Investors Weigh In On Celanese
A number of institutional investors have recently bought and sold shares of the business. DT Investment Partners LLC increased its stake in shares of Celanese by 128.8% in the third quarter. DT Investment Partners LLC now owns 183 shares of the basic materials company's stock worth $25,000 after acquiring an additional 103 shares during the last quarter. Fairscale Capital LLC purchased a new position in Celanese in the second quarter valued at about $28,000. Mather Group LLC. increased its position in Celanese by 124.0% in the 3rd quarter. Mather Group LLC. now owns 401 shares of the basic materials company's stock worth $55,000 after purchasing an additional 222 shares during the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in shares of Celanese by 1,395.3% during the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 643 shares of the basic materials company's stock valued at $87,000 after buying an additional 600 shares during the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of Celanese in the 3rd quarter valued at approximately $89,000. 98.87% of the stock is currently owned by institutional investors and hedge funds.
About Celanese
(
Get Free Report)
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.
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