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Celanese (CE) Stock Price, News & Analysis

$126.90
-3.19 (-2.45%)
(As of 09/20/2024 ET)

About Celanese Stock (NYSE:CE)

Key Stats

Today's Range
$126.34
$129.39
50-Day Range
$119.11
$147.43
52-Week Range
$110.76
$172.16
Volume
3.42 million shs
Average Volume
774,599 shs
Market Capitalization
$13.86 billion
P/E Ratio
6.98
Dividend Yield
2.21%
Price Target
$153.13
Consensus Rating
Hold

Company Overview

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. The Acetyl Chain segment produces and supplies acetyl products, including acetic acid, vinyl acetate monomers, acetic anhydride, and acetate esters that are used as starting materials for colorants, paints, adhesives, coatings, and pharmaceuticals; and organic solvents and intermediates for pharmaceutical, agricultural, and chemical products. It also offers vinyl acetate-based emulsions for use in paints and coatings, adhesives, construction, glass fiber, textiles, and paper applications; and ethylene vinyl acetate resins and compounds, as well as low-density polyethylene for use in flexible packaging films, lamination film products, hot melt adhesives, automotive parts, and carpeting applications. In addition, it provides redispersible powders (RDP) for use in construction applications, including flooring, plasters, insulation, tiling, and waterproofing. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.

Celanese Stock Analysis - MarketRank™

See Top Rated MarketRank™ Stocks

Overall MarketRank™: 98th Percentile

Celanese scored higher than 98% of companies evaluated by MarketBeat, and ranked 6th out of 195 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

  • Consensus Rating

    Celanese has received a consensus rating of Hold. The company's average rating score is 2.20, and is based on 5 buy ratings, 8 hold ratings, and 2 sell ratings.

  • Amount of Analyst Coverage

    Celanese has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

  • Read more about Celanese's stock forecast and price target.
  • Earnings Growth

    Earnings for Celanese are expected to grow by 23.28% in the coming year, from $10.44 to $12.87 per share.

  • Price to Earnings Ratio vs. the Market

    The P/E ratio of Celanese is 6.98, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 134.19.

  • Price to Earnings Ratio vs. Sector

    The P/E ratio of Celanese is 6.98, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 124.58.

  • Price to Earnings Growth Ratio

    Celanese has a PEG Ratio of 0.62. PEG Ratios below 1 indicate that a company could be undervalued.

  • Price to Book Value per Share Ratio

    Celanese has a P/B Ratio of 1.83. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

  • Read more about Celanese's valuation and earnings.
  • Percentage of Shares Shorted

    4.50% of the float of Celanese has been sold short.
  • Short Interest Ratio / Days to Cover

    Celanese has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in Celanese has recently increased by 0.41%, indicating that investor sentiment is decreasing.
  • Dividend Yield

    Celanese pays a meaningful dividend of 2.34%, higher than the bottom 25% of all stocks that pay dividends.

  • Dividend Growth

    Celanese has been increasing its dividend for 14 years.

  • Dividend Coverage

    The dividend payout ratio of Celanese is 15.41%. This payout ratio is at a healthy, sustainable level, below 75%.

  • Dividend Sustainability

    Based on earnings estimates, Celanese will have a dividend payout ratio of 21.76% next year. This indicates that Celanese will be able to sustain or increase its dividend.

  • Read more about Celanese's dividend.
  • Percentage of Shares Shorted

    4.50% of the float of Celanese has been sold short.
  • Short Interest Ratio / Days to Cover

    Celanese has a short interest ratio ("days to cover") of 5.6.
  • Change versus previous month

    Short interest in Celanese has recently increased by 0.41%, indicating that investor sentiment is decreasing.
  • News Sentiment

    Celanese has a news sentiment score of 0.74. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.43 average news sentiment score of Basic Materials companies.
  • News Coverage This Week

    MarketBeat has tracked 6 news articles for Celanese this week, compared to 8 articles on an average week.
  • Search Interest

    Only 5 people have searched for CE on MarketBeat in the last 30 days. This is a decrease of -29% compared to the previous 30 days.
  • MarketBeat Follows

    Only 2 people have added Celanese to their MarketBeat watchlist in the last 30 days. This is a decrease of -33% compared to the previous 30 days.
  • Insider Buying vs. Insider Selling

    In the past three months, Celanese insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $605,459.00 in company stock.

  • Percentage Held by Insiders

    Only 0.33% of the stock of Celanese is held by insiders.

  • Percentage Held by Institutions

    98.87% of the stock of Celanese is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

  • Read more about Celanese's insider trading history.
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CE Stock News Headlines

Celanese Co. (NYSE:CE) COO Sells $605,459.25 in Stock
How the US Will Win the Great Lithium Race
China spent $60B+ on lithium infrastructure in the past decade. It possesses 7.9% of the world’s supply, but it processes 70-80%. Now the US is coming over the top by investing $700B+ into domestic supply with the IRA and Bi-partisan Infrastructure Bill.
Bruce Chinn Elected to Celanese Board of Directors
Is Celanese Corporation's (NYSE:CE) ROE Of 25% Impressive?
See More Headlines

CE Stock Analysis - Frequently Asked Questions

Celanese's stock was trading at $155.37 on January 1st, 2024. Since then, CE shares have decreased by 18.3% and is now trading at $126.90.
View the best growth stocks for 2024 here
.

Celanese Co. (NYSE:CE) posted its earnings results on Thursday, August, 1st. The basic materials company reported $2.38 EPS for the quarter, missing analysts' consensus estimates of $2.71 by $0.33. The business's revenue for the quarter was down 5.2% on a year-over-year basis.
Read the conference call transcript
.

Celanese subsidiaries include Santoprene™ thermoplastic vulcanizates, Next Polymers Ltd., Nilit Plastics, SO.F.TER. GROUP, Cool Polymers Inc, Acetex Corporation, Vinamul Polymers, and more.

Celanese's top institutional shareholders include Dimensional Fund Advisors LP (1.06%), Bank of New York Mellon Corp (0.99%), Epoch Investment Partners Inc. (0.35%) and Envestnet Asset Management Inc. (0.33%). Insiders that own company stock include Scott A Richardson, Thomas Francis Kelly, Mark Christopher Murray and Vanessa Dupuis.
View institutional ownership trends
.

Shares of CE stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Based on aggregate information from My MarketBeat watchlists, some other companies that Celanese investors own include AbbVie (ABBV), NVIDIA (NVDA), Micron Technology (MU), UnitedHealth Group (UNH), Amgen (AMGN), Bank of America (BAC) and AT&T (T).

Company Calendar

Ex-Dividend for 8/12 Dividend
7/30/2024
Last Earnings
8/01/2024
Dividend Payable
8/12/2024
Today
9/20/2024
Next Earnings (Estimated)
11/04/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Plastics materials & synthetic resins, synthetic rubber, cellulosic
Sub-Industry
Specialty Chemicals
CUSIP
15087010
Employees
12,410
Year Founded
1918

Price Target and Rating

Average Stock Price Target
$153.13
High Stock Price Target
$184.00
Low Stock Price Target
$128.00
Potential Upside/Downside
+20.7%
Consensus Rating
Hold
Rating Score (0-4)
2.20
Research Coverage
15 Analysts

Profitability

Net Income
$1.96 billion
Pretax Margin
11.24%

Debt

Sales & Book Value

Annual Sales
$10.55 billion
Cash Flow
$16.59 per share
Book Value
$69.34 per share

Miscellaneous

Free Float
108,860,000
Market Cap
$13.86 billion
Optionable
Optionable
Beta
1.30

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This page (NYSE:CE) was last updated on 9/20/2024 by MarketBeat.com Staff
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