Celanese (CE)

• Market cap: $7.46B
• 1 day: 1.82%
• 5 days: 0.95%
• 1 month: -6.38%
• 3 months: -46.22%
• 6 months: -50.56%
• Year to date: -55.89%
• 1 year: -54.86%
• 5 years: -44.67%
• 10 years: 14.00%
• Sector: Materials
• Industry: Plastic Material, Synthetic Resin/Rubber, Cellulos, Except Glass

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 Q3 regulatory filings by fund managers ($100M+ AUM)

100% more funds holding in top 10

Funds holding in top 10: 1 [Q2] → 2 (+1) [Q3]

12% more repeat investments, than reductions

Existing positions increased: 238 | Existing positions reduced: 212

1% less capital invested

Capital invested by funds: $15.3B [Q2] → $15.1B (-$196M) [Q3]

2.16% less ownership

Funds ownership: 103.53% [Q2] → 101.36% (-2.16%) [Q3]

7% less funds holding

Funds holding: 647 [Q2] → 602 (-45) [Q3]

13% less call options, than puts

Call options by funds: $36.6M | Put options by funds: $42.3M

47% less first-time investments, than exits

New positions opened: 50 | Existing positions closed: 95

Research analyst outlook

12 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $73 7% upside
• Avg. target: $100 47% upside
• High target: $130 90% upside

12 analyst ratings

• positive: 3 25%
• neutral: 6 50%
• negative: 3 25%

RBC Capital Arun Viswanathan 29% 1-year accuracy 20 / 70 met price target	29% upside $88	Outperform Maintained	19 Dec 2024
Citigroup Patrick Cunningham 50% 1-year accuracy 16 / 32 met price target	7% upside $73	Neutral Maintained	18 Dec 2024
Barclays Michael Leithead 37% 1-year accuracy 7 / 19 met price target	29% upside $88	Equal-Weight Maintained	19 Nov 2024
UBS Joshua Spector 39% 1-year accuracy 15 / 38 met price target	42% upside $97	Neutral Downgraded	11 Nov 2024
BMO Capital John McNulty 42% 1-year accuracy 20 / 48 met price target	11% upside $76	Underperform Downgraded	11 Nov 2024