Celanese (NYSE:CE) had its price target increased by investment analysts at Deutsche Bank from $100.00 to $105.00 in a research note issued to investors on Thursday, The Fly reports. The brokerage presently has a “hold” rating on the basic materials company’s stock. Deutsche Bank’s target price indicates a potential upside of 8.02% from the stock’s previous close.

Several other research firms have also commented on CE. Alembic Global Advisors upgraded Celanese from a “neutral” rating to an “overweight” rating and set a $110.00 price objective for the company in a research note on Monday, July 27th. Bank of America boosted their price target on Celanese from $100.00 to $104.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 21st. BMO Capital Markets decreased their price objective on Celanese from $100.00 to $92.00 and set a “market perform” rating on the stock in a report on Thursday, April 30th. Wells Fargo & Co lowered shares of Celanese from an “overweight” rating to an “equal weight” rating and set a $90.00 target price for the company. in a report on Wednesday, April 29th. Finally, UBS Group increased their target price on shares of Celanese from $88.00 to $91.00 and gave the company a “buy” rating in a research report on Tuesday, April 28th. Eleven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Celanese has an average rating of “Buy” and a consensus price target of $105.95.

Shares of NYSE CE opened at $97.20 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.94 and a current ratio of 1.20. The firm has a fifty day moving average of $88.67 and a 200 day moving average of $90.07. The firm has a market cap of $11.49 billion, a PE ratio of 18.66, a PEG ratio of 5.30 and a beta of 1.37. Celanese has a one year low of $52.70 and a one year high of $128.88.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, July 28th. The basic materials company reported $1.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.05 by $0.25. Celanese had a net margin of 11.13% and a return on equity of 33.49%. The business had revenue of $1.19 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business earned $2.38 earnings per share. The company’s revenue for the quarter was down 25.1% compared to the same quarter last year. On average, equities analysts predict that Celanese will post 6.63 EPS for the current fiscal year.

Several institutional investors have recently made changes to their positions in the company. Trust Co. of Vermont raised its holdings in Celanese by 2,766.7% in the first quarter. Trust Co. of Vermont now owns 430 shares of the basic materials company’s stock valued at $32,000 after acquiring an additional 415 shares in the last quarter. Synovus Financial Corp raised its position in Celanese by 513.7% in the first quarter. Synovus Financial Corp now owns 583 shares of the basic materials company’s stock worth $43,000 after acquiring an additional 488 shares in the last quarter. Signaturefd LLC lifted its holdings in Celanese by 31.7% in the first quarter. Signaturefd LLC now owns 1,097 shares of the basic materials company’s stock valued at $81,000 after acquiring an additional 264 shares during the period. Parallel Advisors LLC boosted its position in shares of Celanese by 25.7% during the 1st quarter. Parallel Advisors LLC now owns 1,321 shares of the basic materials company’s stock worth $96,000 after purchasing an additional 270 shares in the last quarter. Finally, Bessemer Group Inc. grew its stake in shares of Celanese by 43.3% during the 1st quarter. Bessemer Group Inc. now owns 1,360 shares of the basic materials company’s stock worth $101,000 after purchasing an additional 411 shares during the period. 94.12% of the stock is owned by institutional investors and hedge funds.

Celanese Company Profile

Celanese Corporation, a technology and specialty materials company, manufactures and sells high performance engineered polymers in the United States and internationally. The company operates through Engineered Materials, Acetate Tow, and Acetyl Chain segments. 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.

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