In the last trading session, 2.61 million shares of the Celanese Corp (NYSE:CE) were traded, and its beta was 1.16. Most recently the company’s share price was $37.93, and it changed around -$1.26 or -3.22% from the last close, which brings the market valuation of the company to $4.24B. CE currently trades at a discount to its 52-week high of $169.49, offering almost -346.85% off that amount. The share price’s 52-week low was $36.29, which indicates that the current value has risen by an impressive 4.32% since then. We note from Celanese Corp’s average daily trading volume that its 10-day average is 4.31 million shares, with the 3-month average coming to 3.75 million.
Celanese Corp stock received a consensus recommendation rating of Hold, based on a mean score of 2.65. If we narrow it down even further, the data shows that 2 out of 20 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 10 recommended CE as a Hold, whereas 5 deemed it a Buy, and 2 rated it as Underweight. Celanese Corp is expected to report earnings per share of 0.38 for the current quarter.
Celanese Corp (NYSE:CE) trade information
Instantly CE has showed a red trend with a performance of -3.22% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of 45.24 on recent trading dayincreased the stock’s daily price by 16.16%. The company’s shares are currently down -45.20% year-to-date, but still up 1.17% over the last five days. On the other hand, Celanese Corp (NYSE:CE) is -34.57% down in the 30-day period. We can see from the shorts that 7.22 million shares have been sold at a short interest cover period of 1.61 day(s).
The consensus price target as assigned by Wall Street analysts is $76, which translates to bulls needing to increase their stock price by 50.09% from its current value. Analyst projections state that CE is forecast to be at a low of $45 and a high of $110.
Celanese Corp (CE) estimates and forecasts
The year-over-year growth rate is expected to be -5.42%, down from the previous year.
Consensus estimates provided by 13 financial analysts predict the company will bring in an average of 2.27B in revenue for the current quarter. 13 analysts expect Celanese Corp to make 2.46B in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 2.61B and 2.65B respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -13.19%. Forecasts for the next quarter put sales growth at -7.16%.
Celanese Corp earnings are expected to increase by -38.05% in 2025, but the outlook is positive 3.32% per year for the next five years.
CE Dividends
Celanese Corp’s next quarterly earnings report is expected to be released on 2025-Feb-17. The annual dividend yield of the stock is 5.62 percent and its annual dividend per share was 2.13. It is important to note, however, that the 5.62% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.28 per year.
Celanese Corp (NYSE:CE)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 0.39% of Celanese Corp shares, and 104.94% of them are in the hands of institutional investors. The stock currently has a share float of 105.35%. Celanese Corp stock is held by 806.0 institutions, with CAPITAL RESEARCH GLOBAL INVESTORS being the largest institutional investor. By 2024-06-30, it held 13.991% of the shares, which is about 15.29 million shares worth $2.06 billion.
VANGUARD GROUP INC, with 11.9057% or 13.01 million shares worth $1.76 billion as of 2024-06-30, holds the second largest percentage of outstanding shares.
Dodge & Cox Funds-Dodge & Cox Stock Fund and iShares Trust-iShares Core S&P Small-Cap ETF were the top two Mutual Funds as of Dec 31, 2024 . The former held 8.8 shares worth $333.71 million, making up 7.87% of all outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held roughly 6.76 shares worth around $256.39 million, which represents about 6.05% of the total shares outstanding.
