2 weeks Ago By Defense World Staff
Celanese ( NYSE:CE – Get Free Report ) was downgraded by investment analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a research report issued on Monday, Marketbeat Ratings reports. They presently have a $76.00 price objective on the basic materials company’s stock, down from their previous price objective of $138.
00. BMO Capital Markets’ price objective indicates a potential upside of 0.39% from the company’s previous close.
Several other research analysts have also recently commented on CE. Royal Bank of Canada decreased their target price on shares of Celanese from $163.00 to $122.
00 and set an “outperform” rating for the company in a report on Thursday, November 7th. KeyCorp lowered Celanese from an “overweight” rating to a “sector weight” rating in a report on Monday, October 7th. UBS Group downgraded Celanese from a “buy” rating to a “neutral” rating and lowered their price target for the company from $161.
00 to $97.00 in a report on Monday. Robert W.
Baird reduced their price objective on Celanese from $150.00 to $110.00 and set an “outperform” rating for the company in a research note on Wednesday, November 6th.
Finally, Deutsche Bank Aktiengesellschaft raised Celanese from a “hold” rating to a “buy” rating and lowered their target price for the company from $135.00 to $110.00 in a research note on Wednesday, November 6th.
Five research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $121.35.
Get Our Latest Research Report on CE Celanese Trading Down 3.7 % Celanese ( NYSE:CE – Get Free Report ) last issued its earnings results 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 had a return on equity of 13.17% and a net margin of 10.40%.
The company had revenue of $2.65 billion during the quarter, compared to analyst estimates of $2.70 billion.
During the same quarter in the previous year, the firm earned $2.50 earnings per share. The business’s revenue was down 2.
8% compared to the same quarter last year. On average, research analysts anticipate that Celanese will post 8.9 EPS for the current fiscal year.
Insider Transactions at Celanese In related news, COO Scott A. Richardson sold 4,675 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The stock was sold at an average price of $129.
51, for a total value of $605,459.25. Following the completion of the sale, the chief operating officer now directly owns 69,754 shares in the company, valued at approximately $9,033,840.
54. The trade was a 0.00 % decrease in their position.
The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link . 0.33% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently bought and sold shares of the company. DT Investment Partners LLC lifted its holdings in shares of Celanese by 128.8% during the third quarter.
DT Investment Partners LLC now owns 183 shares of the basic materials company’s stock worth $25,000 after buying an additional 103 shares during the last quarter. Fairscale Capital LLC acquired a new position in Celanese during the 2nd quarter valued at $28,000. LRI Investments LLC bought a new stake in Celanese in the 1st quarter valued at $31,000.
Key Financial Inc boosted its holdings in Celanese by 3,933.3% in the 2nd quarter. Key Financial Inc now owns 242 shares of the basic materials company’s stock valued at $33,000 after purchasing an additional 236 shares during the period.
Finally, ORG Partners LLC bought a new position in shares of Celanese during the 2nd quarter worth about $40,000. Institutional investors and hedge funds own 98.87% of the company’s stock.
Celanese Company Profile ( 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.
Read More Five stocks we like better than Celanese There Are Different Types of Stock To Invest In Home Depot Stock: Targeting 12% in 2024 and 25% More in 2025 Stock Ratings and Recommendations: Understanding Analyst Ratings Is Tesla’s Valuation a Bubble or Backed by Real Growth? Differences Between Momentum Investing and Long Term Investing Trucking Stocks Led the Pack Last Week: Can They Keep Rolling? Receive News & Ratings for Celanese Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Celanese and related companies with MarketBeat.com's FREE daily email newsletter ..
