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. It also offers acesulfame potassium, a sweetener for use in various beverages, confections, and dairy products; and food protection ingredients, such as potassium sorbate and sorbic acid for use in foods, beverages, and personal care products. The Acetate Tow segment provides acetate tows and flakes for use in filter products applications. 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 manufactures ultra-high molecular weight polyethylene. Celanese Corporation was founded in 1918 and is headquartered in Irving, Texas.
IPO Year: 2005
Exchange: NYSE
Website: celanese.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/11/2024 | $161.00 → $97.00 | Buy → Neutral | UBS |
| 11/11/2024 | $138.00 → $76.00 | Market Perform → Underperform | BMO Capital Markets |
| 11/8/2024 | $150.00 → $98.00 | Neutral → Underweight | Piper Sandler |
| 11/6/2024 | $135.00 → $110.00 | Hold → Buy | Deutsche Bank |
| 11/5/2024 | $165.00 → $115.00 | Overweight → Equal Weight | Wells Fargo |
| 10/29/2024 | $130.00 | Hold → Sell | Vertical Research |
| 10/7/2024 | Overweight → Sector Weight | KeyBanc Capital Markets | |
| 9/5/2024 | $180.00 → $150.00 | Overweight → Neutral | Piper Sandler |
| 8/5/2024 | $156.00 → $130.00 | Underweight → Neutral | JP Morgan |
| 4/4/2024 | $135.00 → $160.00 | Neutral → Underweight | JP Morgan |
10-Q - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
10-Q - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
8-K - Celanese Corp (0001306830) (Filer)
11-K - Celanese Corp (0001306830) (Filer)
SD - Celanese Corp (0001306830) (Filer)
BMO Capital Markets downgraded Celanese from Market Perform to Underperform and set a new price target of $76.00 from $138.00 previously
UBS downgraded Celanese from Buy to Neutral and set a new price target of $97.00 from $161.00 previously
Piper Sandler downgraded Celanese from Neutral to Underweight and set a new price target of $98.00 from $150.00 previously
Deutsche Bank upgraded Celanese from Hold to Buy and set a new price target of $110.00 from $135.00 previously
Wells Fargo downgraded Celanese from Overweight to Equal Weight and set a new price target of $115.00 from $165.00 previously
Vertical Research downgraded Celanese from Hold to Sell and set a new price target of $130.00
KeyBanc Capital Markets downgraded Celanese from Overweight to Sector Weight
Piper Sandler downgraded Celanese from Overweight to Neutral and set a new price target of $150.00 from $180.00 previously
JP Morgan upgraded Celanese from Underweight to Neutral and set a new price target of $130.00 from $156.00 previously
JP Morgan downgraded Celanese from Neutral to Underweight and set a new price target of $160.00 from $135.00 previously
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Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, has been honored by The Women's Forum of New York at its sixth biennial "Breakfast of Corporate Champions Event" (BCC) for achieving 55 percent female representation on its board of directors. For 2021, The Women's Forum individually honored 43 companies from the S&P 500 and FORTUNE 1000 that have achieved or exceeded 50 percent or more female representation on their corporate boards. Celanese is one of these 43 public companies to achieve such a feat and received special on-stage recognition at the event. "At Celanese, we are uniquely positioned to improve the world through the power of not only our chemis
SIOUX FALLS, S.D.--(BUSINESS WIRE)--Raven Industries, Inc. (the Company; NASDAQ:RAVN), a diversified technology leader in agriculture, high-performance specialty films, and aerospace and defense solutions, announced the appointment of Taimur Sharih as Chief Financial Officer, effective March 1. “Taimur’s leadership and track record of driving results and transformational growth fits exceptionally well with Raven’s bold strategy,” said Dan Rykhus, President and Chief Executive Officer. “Taimur brings 25 years of leadership and financial experience in a variety of businesses and global markets, where he’s been responsible for supporting sizeable operations and leading high-performi
Repurposing industrial CO2 emissions creates new value across value chain Henkel Corporation, a global leader for adhesives, sealants and functional coatings, and Celanese Corporation, a global chemical and specialty materials company, have announced a partnership to enhance circularity in emulsion production by utilizing carbon capture-based materials. Earlier this year, Celanese launched a carbon capture and utilization (CCU) project at its Clear Lake, Texas site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd. The CCU technology captures industrial CO2 emissions and, using hydrogen, converts them into methanol, which forms 35% of vinyl acetate monomer – a crucial
Celanese Corporation announced the publication of its 2023-2024 Sustainability Report, The Chemistry of Change, and its complementary 2023-2024 Sustainability Index. This year's report underscores the company's expansion of its lower-carbon footprint solutions that support evolving customer needs, commitment to driving innovation across its businesses and supply chains, and efforts to build on its emissions tracking and reporting capabilities. The associated index provides a comprehensive view of resources and disclosures, including alignment with sustainability frameworks, policies, practices, and metrics. "Chemistry is key to helping us unlock and solve many of the sustainability challe
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent. During the third quarter, Celanese continued to navigate persistent demand weakness across key end-markets like paints, coatings, and construction, as well as rapid and acute downturns in Western Hemisphere automotive and industrial segments. The demand de
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable November 13, 2024. The dividend is payable to stockholders of record as of October 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio o
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 5, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13749380&linkSecurityStrin
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that Bruce Chinn has been elected to the company's Board of Directors. Mr. Chinn, 67, served as President, Chief Executive Officer and a Director of Chevron Phillips Chemical Company LLC, a global petrochemical joint venture of Chevron U.S.A Inc. and Phillips 66 Company, until March 2024. He will join the Celanese Board effective September 15, 2024, bringing the total number of Board members to eleven (ten of which are independent). Before leading Chevron Phillips Chemical, Mr. Chinn held several operations and business roles at Chevron Corporation, beginning in 2006, leading large, diverse
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today confirmed that the force majeure declared for acetic acid and vinyl acetate monomer (VAM) sold in the Western Hemisphere has ended and the underlying supply chain conditions behind the declaration have stabilized. "We were pleased to be able to meet the product needs of virtually all of our contracted customers during this challenging period by relying on our integrated and flexible supply chain model," said Mark Murray, senior vice president of the Acetyl Chain. "Celanese is committed to continuing to work closely with all of our critical raw material suppliers to mitigate the risk of similar events
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The Company generated net sales of $2.7 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 4 percent and sequential decrease in pricing of 2 percent. Celanese continued to focus on execution of its controllable action plan, including driving volume growth through the project pipeline model, lowering costs through reduction of capacity in high-cost locations, and improving business efficiency through the integration of t
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 12, 2024. The dividend is payable to stockholders of record as of July 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2024 results on Friday, August 2, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13747574&linkSecurityStr
Keybanc analyst Aleksey Yefremov maintains Celanese (NYSE:CE) with a Overweight and lowers the price target from $190 to $180.
UBS analyst Joshua Spector maintains Celanese (NYSE:CE) with a Buy and lowers the price target from $193 to $184.
Celanese (NYSE:CE) has been analyzed by 15 analysts in the last three months, revealing a diverse range of perspectives from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 6 7 2 0 Last 30D 0 1 1 0 0 1M Ago 0 0 2 1 0 2M Ago 0 3 2 0 0 3M Ago 0 2 2 1 0 Analysts have set 12-month price targets for Celanese, revealing an average target of $167.67, a high estimate of $190.00, and a low estimate of $144.00. Surpassing the previous average price target of $16
Citigroup analyst Patrick Cunningham maintains Celanese (NYSE:CE) with a Neutral and lowers the price target from $167 to $148.
Wells Fargo analyst Michael Sison maintains Celanese (NYSE:CE) with a Overweight and lowers the price target from $195 to $180.
Celanese's (NYSE:CE) short percent of float has fallen 5.27% since its last report. The company recently reported that it has 4.75 million shares sold short, which is 6.83% of all regular shares that are available for trading. Based on its trading volume, it would take traders 7.54 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is imp
BMO Capital analyst John McNulty maintains Celanese (NYSE:CE) with a Market Perform and maintains $158 price target.
During the last three months, 13 analysts shared their evaluations of Celanese (NYSE:CE), revealing diverse outlooks from bullish to bearish. The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 6 5 2 0 Last 30D 0 0 1 1 0 1M Ago 0 2 1 0 0 2M Ago 0 2 1 0 0 3M Ago 0 2 2 1 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $171.08, a high estimate of $195.00, and a low estimate of $144.00. Witnessing a positive shift, the current ave
Deutsche Bank analyst David Begleiter maintains Celanese (NYSE:CE) with a Hold and lowers the price target from $175 to $160.
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported third quarter 2024 U.S. GAAP diluted earnings per share of $1.08 and adjusted earnings per share of $2.44. The Company generated net sales of $2.6 billion in the quarter, down slightly from the previous quarter inclusive of neutral sequential volume, a slight sequential increase in currency, and a sequential decrease in pricing of 1 percent. During the third quarter, Celanese continued to navigate persistent demand weakness across key end-markets like paints, coatings, and construction, as well as rapid and acute downturns in Western Hemisphere automotive and industrial segments. The demand de
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable November 13, 2024. The dividend is payable to stockholders of record as of October 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio o
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its third quarter 2024 results on Tuesday, November 5, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13749380&linkSecurityStrin
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported second quarter 2024 U.S. GAAP diluted earnings per share of $1.42 and adjusted earnings per share of $2.38. The Company generated net sales of $2.7 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 4 percent and sequential decrease in pricing of 2 percent. Celanese continued to focus on execution of its controllable action plan, including driving volume growth through the project pipeline model, lowering costs through reduction of capacity in high-cost locations, and improving business efficiency through the integration of t
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable August 12, 2024. The dividend is payable to stockholders of record as of July 30, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its second quarter 2024 results on Friday, August 2, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13747574&linkSecurityStr
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported first quarter 2024 U.S. GAAP diluted earnings per share of $1.10 and adjusted earnings per share of $2.08. The Company generated net sales of $2.6 billion in the quarter, an increase of 2 percent from the prior quarter, reflecting a sequential increase in volume of 2 percent and neutral pricing. Celanese continued to execute against controllable actions in a demand environment that is stabilizing but has not yet returned to normalized levels. As a result, the Company largely offset the sequential impacts of first quarter seasonality as well as significantly higher expenses associated with the c
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its first quarter 2024 results on Thursday, May 9, 2024, beginning at 11:00 a.m. ET. The conference call will be available by webcast at https://investors.celanese.com or by phone: Dial-in Number: 1-877-407-0989 International Dial-In Number: 1-201-389-0921 Alternatively, to enter the call immediately without waiting for operator assistance, attendees may pre-register for the call by clicking the link below. Registrant Link: http://services.incommconferencing.com/DiamondPassRegistration/register?confirmationNumber=13746119&linkSecurityStrin
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.70 per share on its common stock, payable May 13, 2024. The dividend is payable to stockholders of record as of April 29, 2024. About Celanese Celanese is a global leader in chemistry, producing specialty material solutions used across most major industries and consumer applications. Our businesses use our chemistry, technology and commercial expertise to create value for our customers, employees and shareholders. We are committed to sustainability by responsibly managing the materials we create for their entire lifecycle and are growing our portfolio of su
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported full year 2023 GAAP diluted earnings per share of $18.00 and adjusted earnings per share of $8.92. The Company generated net sales of $10.9 billion in 2023, an increase of 13 percent from the prior year, due to an increase in volume of 23 percent reflecting the Mobility & Materials (M&M) acquisition, partially offset by a decrease in price of 10 percent. Full year 2023 volume decreased by 2 percent, excluding M&M, due to challenging demand and competitive dynamics across most of the year. Celanese took actions to reduce costs and align production and inventory levels with demand to report 2023