Celanese
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: $15.4B [Q2] → $15.3B (-$117M) [Q3]
1.63% less ownership
Funds ownership: 104.47% [Q2] → 102.84% (-1.63%) [Q3]
7% less funds holding
Funds holding: 647 [Q2] → 602 (-45) [Q3]
14% less call options, than puts
Call options by funds: $36.6M | Put options by funds: $42.8M
44% less first-time investments, than exits
New positions opened: 50 | Existing positions closed: 90
Research analyst outlook
13 Wall Street Analysts provided 1 year price targets over the past 3 months
13 analyst ratings
B of A Securities Steve Byrne 55% 1-year accuracy 11 / 20 met price target | 19%upside $88 | Buy Upgraded | 14 Jan 2025 |
Morgan Stanley Vincent Andrews 80% 1-year accuracy 4 / 5 met price target | 8%upside $80 | Equal-Weight Maintained | 13 Jan 2025 |
Piper Sandler Charles Neivert 40% 1-year accuracy 17 / 42 met price target | 4%upside $77 | Underweight Maintained | 7 Jan 2025 |
RBC Capital Arun Viswanathan 30% 1-year accuracy 21 / 70 met price target | 19%upside $88 | Outperform Maintained | 19 Dec 2024 |
Citigroup Patrick Cunningham 41% 1-year accuracy 13 / 32 met price target | 1%downside $73 | Neutral Maintained | 18 Dec 2024 |
Financial journalist opinion
Based on 48 articles about CE published over the past 30 days