CelaneseCE
Market Cap: $13.1B
About: Celanese is one of the world's largest producers of acetic acid and its downstream derivative chemicals, which are used in various end markets, including coatings and adhesives. The company is also one of the largest producers of specialty polymers, which are used in the automotive, electronics, medical, building, and consumer end markets. The company also makes cellulose derivatives used in cigarette filters.
Employees: 12,410
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
44% more repeat investments, than reductions
Existing positions increased: 275 | Existing positions reduced: 191
39% more call options, than puts
Call options by funds: $20.3M | Put options by funds: $14.6M
0.7% more ownership
Funds ownership: 101.77% [Q1] → 102.46% (+0.7%) [Q2]
2% less funds holding
Funds holding: 657 [Q1] → 645 (-12) [Q2]
15% less first-time investments, than exits
New positions opened: 67 | Existing positions closed: 79
22% less capital invested
Capital invested by funds: $19.5B [Q1] → $15.1B (-$4.36B) [Q2]
67% less funds holding in top 10
Funds holding in top 10: 3 [Q1] → 1 (-2) [Q2]
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Piper Sandler Charles Neivert 67% 1-year accuracy 22 / 33 met price target | 25%upside $150 | Neutral Downgraded | 5 Sept 2024 |
Deutsche Bank David Begleiter 11% 1-year accuracy 1 / 9 met price target | 12%upside $135 | Hold Maintained | 12 Aug 2024 |
B of A Securities Steve Byrne 45% 1-year accuracy 9 / 20 met price target | 7%upside $128 | Underperform Maintained | 12 Aug 2024 |
RBC Capital Arun Viswanathan 57% 1-year accuracy 35 / 61 met price target | 39%upside $167 | Outperform Maintained | 8 Aug 2024 |
BMO Capital John McNulty 63% 1-year accuracy 24 / 38 met price target | 15%upside $138 | Market Perform Maintained | 7 Aug 2024 |