In the last trading session, 2.32 million Celanese Corp (NYSE:CE) shares changed hands as the company’s beta touched 1.11. With the company’s per share price at $43.53 changed hands at -$0.18 or -0.41% during last session, the market valuation stood at $4.86B. CE’s last price was a discount, traded about -289.36% off its 52-week high of $169.49. The share price had its 52-week low at $36.29, which suggests the last value was 16.63% up since then. When we look at Celanese Corp’s average trading volume, we note the 10-day average is 2.76 million shares, with the 3-month average coming to 3.83 million.
Analysts gave the Celanese Corp (CE) stock a consensus recommendation rating of Buy, calculated at a mean rating of 2.67. If we narrow down to specifics, the data shows that 0 out of 13 analysts rate the stock as a Sell, with a further 0 assigning it an Overweight rating. Of the remaining, 4 recommended CE as a Hold, 9 felt it is a Buy and 0 rated the stock as Underweight. Celanese Corp’s EPS for the current quarter is expected to be 0.39.
Celanese Corp (NYSE:CE) trade information
Instantly CE was in red as seen at the end of in last trading. With action 8.58%, the performance over the past five days has been green. The company’s shares are showing year-to-date downside of -37.10%, with the 5-day performance at 8.58% in the green. However, in the 30-day time frame, Celanese Corp (NYSE:CE) is -26.42% down. Looking at the short shares, we see there were 6.19 million shares sold at short interest cover period of 1.39 days.
The consensus price target for the stock as assigned by Wall Street analysts is 76, meaning bulls need an upside of 42.72% from its current market value. According to analyst projections, CE’s forecast low is 45 with 110 as the target high. To hit the forecast high, the stock’s price needs a -152.7% plunge from its current level, while the stock would need to soar -3.38% for it to hit the projected low.
Celanese Corp (CE) estimates and forecasts
Year-over-year growth is forecast to reach -5.40% down from the last financial year.
Consensus estimates given by 12 financial analysts project the company’s revenue in the current quarter to hit an average of 2.26B. 13 analysts are of the opinion that Celanese Corp’s revenue for the current quarter will be 2.46B. The company’s revenue for the corresponding quarters a year ago was 2.61B and 2.65B respectively. According to analysts, the company will likely register a growth in its current quarter sales, forecast at -13.30%. The estimates for the next quarter sales put growth at -7.16%.
The 2025 estimates are for Celanese Corp earnings to decrease by -38.05%, but the outlook for the next 5-year period is at 3.32% per year.
CE Dividends
Celanese Corp is expected to release its next quarterly earnings report on 2025-Feb-17. The 4.89% annual yield figure for the share gives it an annual dividend of 2.13. It is important to note, however, that the 4.89% dividend yield ratio should serve as a guide only, as you should also take into consideration many other aspects of a company’s operations and fundamentals before making any investment decision. During the past 5 years, the average dividend yield was 2.28 per year.
Celanese Corp (NYSE:CE)’s Major holders
If we look at who the major shareholders are, we find that insiders hold 0.39% of Celanese Corp shares while 104.35% of the shares are in the hands of institutional holders. The share float percentage for the stock currently stands at 104.76%. There are 104.35% institutions holding the Celanese Corp stock share, with CAPITAL RESEARCH GLOBAL INVESTORS the top institutional holder. As of 2024-06-30, the company held 13.991% of the shares, roughly 15.29 million CE shares worth $2.06 billion.
VANGUARD GROUP INC holds the second largest percentage of outstanding shares, with 11.9057% or 13.01 million shares worth $1.76 billion as of 2024-06-30.
Among Mutual Funds, the top two as of Dec 31, 2024 were Dodge & Cox Funds-Dodge & Cox Stock Fund and iShares Trust-iShares Core S&P Small-Cap ETF . With 8.8 shares estimated at $382.98 million under it, the former controlled 7.87% of total outstanding shares. On the other hand, iShares Trust-iShares Core S&P Small-Cap ETF held about 6.05% of the shares, roughly 6.76 shares worth around $294.25 million.
