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 |
|---|---|---|---|
| 3/21/2025 | $76.00 | Sector Weight → Overweight | KeyBanc Capital Markets |
| 3/17/2025 | $70.00 | Neutral → Overweight | Alembic Global Advisors |
| 3/6/2025 | $66.00 | Sell → Hold | Vertical Research |
| 2/20/2025 | $84.00 → $56.00 | Outperform → Sector Perform | RBC Capital Mkts |
| 1/14/2025 | $95.00 → $88.00 | Underperform → Buy | BofA Securities |
| 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 |
KeyBanc Capital Markets upgraded Celanese from Sector Weight to Overweight and set a new price target of $76.00
Alembic Global Advisors upgraded Celanese from Neutral to Overweight and set a new price target of $70.00
Vertical Research upgraded Celanese from Sell to Hold and set a new price target of $66.00
RBC Capital Mkts downgraded Celanese from Outperform to Sector Perform and set a new price target of $56.00 from $84.00 previously
BofA Securities upgraded Celanese from Underperform to Buy and set a new price target of $88.00 from $95.00 previously
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
Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, will increase prices for a range of products and wishes to provide our customers context for our decision and appropriate notice for planning purposes. Given the dynamic conditions of global trade, Celanese is uniquely positioned to actively manage our global and regional operations to support our valued customers around the world with enhanced supply continuity. These price increases are associated with, among others, heightened costs of product movement and inventory repositioning, plant operational expenses, changing trade regulations, and raw materials. The price increases will be effective on June 1, 202
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported first quarter 2025 U.S. GAAP diluted loss per share of $0.15 and adjusted earnings per share of $0.57. The Company generated net sales of $2.4 billion in the first quarter, a 1 percent increase from the previous quarter driven by a 2 percent increase in volume, with a small offset in currency. Most end-markets developed as anticipated, with persistent global demand sluggishness, especially in key segments like automotive, paints, coatings, and construction. Celanese continued to drive self-help measures in support of the three strategic priorities of increasing cash to deleverage the balance sh
Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, today announced its intent to divest its Micromax® portfolio of products. The Company's Board and management are confident in the significant value created by a divestment while advancing Celanese's strategic priority of cash generation and deleveraging. "Our primary focus continues to be aggressively and prudently deleveraging our balance sheet, and this strategy includes regularly reviewing our assets," said Scott Richardson, Celanese's president and chief executive officer. "As I've shared previously, we are actively exploring several opportunities for cash generation, including the divestiture of the Mic
New Engineered Materials to be Launched in May Celanese Corporation (NYSE:CE), a global specialty materials and chemical company, and Li Auto, a leader in China's new energy vehicle market, announced a joint initiative to launch an innovative ultra-low emission material, Hostaform® POM XAP®3, in May. This advanced material is designed to significantly reduce vehicle cabin emissions in new cars and is being commercialized in cabin components of Li Auto's upcoming vehicle models. With 90% lower formaldehyde emissions than the current mainstream industry level, the new Hostaform POM XAP3 is poised to redefine industry benchmarks for in-cabin air quality. "Celanese is committed to pioneering
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announces the launch of AskChemille.com, a digital assistant platform for advanced material selection. Chemille™ transforms how design engineers access data for material selection and improve product designs, and provides predictive insights and customized recommendations, enabling users to save time, reduce risk, and potentially lower development costs. Manufacturers gain a substantial competitive advantage by choosing the right materials early in the product design process. "We're excited to launch Chemille, a digital assistant platform that showcases our dedication to innovation, technical expertise
The collaboration introduces a first-to-market pathway to sustainable architectural coatings by minimizing the effects of greenhouse gas emissions with Carbon Capture & Utilization. LOS ANGELES, April 22, 2025 /PRNewswire/ -- Today, Dunn-Edwards Corporation has announced a cooperation with Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, to minimize impacts on greenhouse emissions through the implementation of Carbon Capture and Utilization (CCU) technology. New to the U.S. market, this process carves a pathway for sustainable architectural coatings by producing architectural paints with ingredients manufactured from carbon dioxide (CO2) emissions captured f
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable May 12, 2025. The dividend is payable to stockholders of record as of April 28, 2025. 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 support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and soc
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 2025 results on Tuesday, May 6, 2025, beginning at 9:00 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=13752935&linkSecurityString=1de9
Celanese Corporation (NYSE:CE), (the "Company" or "Celanese") a global chemical and specialty materials company, today announced the completion of a series of recent transactions to extend its debt maturity profile and lower the total effective net borrowing rate to the Company. "These transactions demonstrate our commitment to proactively manage our debt maturity profile by aligning near-term maturities to a conservative outlook for free cash flow generation and divestiture proceeds," said Chuck Kyrish, Senior Vice President and Chief Financial Officer. "Our broader deleveraging commitment remains to aggressively and prudently take actions to reach our targeted net debt to EBITDA metric o
DALLAS, March 19, 2025 /PRNewswire/ -- Celanese Corporation (NYSE:CE) ("Celanese"), a global chemical and specialty materials company, today announced the pricing of offers by its direct wholly-owned subsidiary Celanese US Holdings LLC (the "Company") to purchase for cash any validly tendered (and not validly withdrawn) and accepted notes in an aggregate principal amount equal to (i) €552,082,000 of 4.777% Senior Notes due 2026 (the "EUR Notes") and (ii) $500,000,000 of 6.415% Senior Notes due 2027 (the "USD Notes," and together with the EUR Notes, the "Notes") as described in the table below (the "Tender Offers"). As previously announced, the Company will accept (i) €552,082,000 aggregate
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NEW YORK, March 7, 2025 /PRNewswire/ -- S&P Dow Jones Indices ("S&P DJI") will make the following changes to the S&P 100, S&P 500, S&P MidCap 400, and S&P SmallCap 600 indices effective prior to the open of trading on Monday, March 24, to coincide with the quarterly rebalance. The changes ensure each index is more representative of its market capitalization range. All companies being added to the S&P 100 are more representative of the mega-cap market space. All companies being added to the S&P 500 are more representative of the large-cap market space, all companies being added to the S&P MidCap 400 are more representative of the mid-cap market space, and all companies being added to the S&P
Board Establishes Finance and Business Review Committee to Assist with Oversight of the Company's Financial Position and Business Improvement Initiatives Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced the election of Scott Sutton to the company's Board of Directors. Mr. Sutton, 60, will join the Celanese Board effective March 1, 2025, and stand for re-election at the 2025 Annual Meeting of Shareholders. In addition, the Board has established a Finance and Business Review Committee, to assist with oversight of the company's financial position and strategy, including its efforts to further reduce costs, prioritize cash flow, accelerate del
Todd Elliott Rejoins Celanese to Lead Engineered Materials Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced a new addition to its Executive Leadership Team (ELT). Todd Elliott, a proven executive who retired from Celanese in 2020 as Senior Vice President (SVP) and head of the Acetyls business, will return to the Company as SVP to lead the Engineered Materials (EM) business, effective February 3, 2025. Elliott will succeed Tom Kelly, who is stepping down as SVP, Engineered Materials and will serve in a transition role through March 10, 2025. Elliott had a diverse and successful career with Celanese, progressing through multiple leadersh
Scott Richardson to Become Chief Executive Officer and Join the Board of Directors Edward Galante to Become Chair of the Celanese Board Lori Ryerkerk to Step Down from the Board and Her Roles as CEO and President at the End of the Year Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that Scott Richardson, currently Celanese's Chief Operating Officer, has been appointed Chief Executive Officer and will join the Company's Board of Directors, effective January 1, 2025. Richardson will succeed Lori Ryerkerk, who is stepping down as Chairman, CEO and director of Celanese at the end of the year. Celanese has elected Edward Galante, an indep
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
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported first quarter 2025 U.S. GAAP diluted loss per share of $0.15 and adjusted earnings per share of $0.57. The Company generated net sales of $2.4 billion in the first quarter, a 1 percent increase from the previous quarter driven by a 2 percent increase in volume, with a small offset in currency. Most end-markets developed as anticipated, with persistent global demand sluggishness, especially in key segments like automotive, paints, coatings, and construction. Celanese continued to drive self-help measures in support of the three strategic priorities of increasing cash to deleverage the balance sh
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable May 12, 2025. The dividend is payable to stockholders of record as of April 28, 2025. 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 support sustainability by responsibly managing the materials we create and growing our portfolio of sustainable products to meet customer and soc
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 2025 results on Tuesday, May 6, 2025, beginning at 9:00 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=13752935&linkSecurityString=1de9
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today reported full year 2024 U.S. GAAP diluted loss per share of $13.86 and adjusted earnings per share of $8.37. The Company generated net sales of $10.3 billion in 2024, a 6 percent decrease from the previous year consisting of a 4 percent decline in price and a 1 percent decline in volume, with a small currency impact. Persistently weak global demand in critical end-markets like automotive, paints, coatings, construction and industrial caused headwinds throughout the year. Celanese took actions, including reducing fixed and variable costs and delivered 2024 consolidated operating loss of $697 million, adj
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today declared a quarterly cash dividend of $0.03 per share on its common stock, payable March 11, 2025. The dividend is payable to stockholders of record as of February 25, 2025. 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
Celanese Corporation (NYSE:CE), a global chemical and specialty materials company, today announced that it will host a conference call to discuss its fourth quarter 2024 results on Wednesday, February 19, 2025, beginning at 9:00 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=13751136&linkSecuri
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