Celanese (CE) Stock Price, News & Analysis

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.

Key Stats

• Today's Range: $68.14 to $69.41
• 50-Day Range: $67.03 to $135.97
• 52-Week Range: $66.73 to $172.16
• Volume: 433,313 shs
• Average Volume: 1.15 million shs
• Market Capitalization: $7.54 billion
• P/E Ratio: 6.94
• Dividend Yield: 4.06%
• Price Target: $110.50
• Consensus Rating: Reduce

Celanese Stock Analysis - MarketRank™

Celanese scored higher than 100% of companies evaluated by MarketBeat, and ranked 1st out of 193 stocks in the basic materials sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 3.9 / 5
• Analyst Rating: Reduce

Consensus Rating

Celanese has received a consensus rating of Reduce. The company's average rating score is 1.88, and is based on 3 buy ratings, 9 hold ratings, and 5 sell ratings.

Amount of Analyst Coverage

Celanese has been the subject of 13 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 5.0 / 5
• Proj. Earnings Growth: 18.85%

Earnings Growth

Earnings for Celanese are expected to grow by 18.85% in the coming year, from $8.38 to $9.96 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Celanese is 6.94, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 113.18.

Price to Earnings Ratio vs. Sector

The P/E ratio of Celanese is 6.94, which means that it is trading at a less expensive P/E ratio than the Basic Materials sector average P/E ratio of about 109.96.

Price to Earnings Growth Ratio

Celanese has a PEG Ratio of 0.72. 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 1.00. P/B Ratios below 1 indicate that a company could be undervalued with respect to its assets and liabilities.

Short Interest

• Score: 5.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

4.35% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Celanese has recently decreased by 6.51%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 5.0 / 5
• Dividend Strength: Strong

Dividend Leadership

Celanese is a leading dividend payer. It pays a dividend yield of 4.18%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Celanese has been increasing its dividend for 14 years.

Dividend Coverage

The dividend payout ratio of Celanese is 28.17%. 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 28.11% next year. This indicates that Celanese will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: 0.0 / 5
• Environmental Score: -5.00

Percentage of Shares Shorted

4.35% 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 2.4, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Celanese has recently decreased by 6.51%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.07

News Sentiment

Celanese has a news sentiment score of 0.07. 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 lower news sentiment than the 0.46 average news sentiment score of Basic Materials companies.

News Coverage This Week

MarketBeat has tracked 21 news articles for Celanese this week, compared to 10 articles on an average week.

Search Interest

21 people have searched for CE on MarketBeat in the last 30 days. This is an increase of 5% compared to the previous 30 days.

MarketBeat Follows

Only 4 people have added Celanese to their MarketBeat watchlist in the last 30 days. This is a decrease of -64% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Celanese insiders have not sold or bought any 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.

CE Stock Analysis - Frequently Asked Questions

How have CE shares performed this year?

Celanese's stock was trading at $155.37 at the start of the year. Since then, CE shares have decreased by 55.6% and is now trading at $69.03.
View the best growth stocks for 2024 here.

How were Celanese's earnings last quarter?

Celanese Co. (NYSE:CE) posted its quarterly earnings data on Monday, November, 4th. The basic materials company reported $2.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.85 by $0.41. Celanese's revenue for the quarter was down 2.8% compared to the same quarter last year.
Read the conference call transcript.

Does Celanese have any subsidiaries?

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

Who are Celanese's major shareholders?

Top institutional investors of Celanese include Wellington Management Group LLP (8.66%), State Street Corp (4.12%), FMR LLC (2.41%) and Geode Capital Management LLC (2.39%). Insiders that own company stock include Scott A Richardson, Thomas Francis Kelly and Mark Christopher Murray.
View institutional ownership trends.

How do I buy shares of Celanese?

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.

What other stocks do shareholders of Celanese own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Celanese investors own include Chevron (CVX), Bristol-Myers Squibb (BMY), Comcast (CMCSA), Charles Schwab (SCHW), McKesson (MCK), Edwards Lifesciences (EW) and Yum! Brands (YUM).

Company Calendar

• Ex-Dividend for 11/13 Dividend: 10/30/2024
• Last Earnings: 11/04/2024
• Dividend Payable: 11/13/2024
• Today: 12/24/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Basic Materials
• Industry: Plastics materials & synthetic resins, synthetic rubber, cellulosic
• Sub-Industry: Specialty Chemicals
• Current Symbol: NYSE:CE
• CUSIP: 15087010
• CIK: 1306830
• Web: www.celanese.com
• Phone: (972) 443-4000
• Fax: 908-901-4805
• Employees: 12,410
• Year Founded: 1918

Price Target and Rating

• Average Stock Price Target: $110.50
• High Stock Price Target: $178.00
• Low Stock Price Target: $73.00
• Potential Upside/Downside: +59.7%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.88
• Research Coverage: 17 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $9.94
• Trailing P/E Ratio: 6.96
• Forward P/E Ratio: 8.26
• P/E Growth: 0.72
• Net Income: $1.96 billion
• Net Margins: 10.40%
• Pretax Margin: 6.25%
• Return on Equity: 13.17%
• Return on Assets: 3.84%

Debt

• Debt-to-Equity Ratio: 1.47
• Current Ratio: 1.37
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $10.48 billion
• Price / Sales: 0.72
• Cash Flow: $16.02 per share
• Price / Cash Flow: 4.32
• Book Value: $69.34 per share
• Price / Book: 1.00

Miscellaneous

• Outstanding Shares: 109,312,000
• Free Float: 108,951,000
• Market Cap: $7.56 billion
• Optionable: Optionable
• Beta: 1.18