Citigroup Reaffirms Buy Rating for Celanese Corporation

Citigroup has reiterated its buy rating for Celanese Corporation (NYSE:CE), with analyst Patrick Cunningham setting a price target of $68. This reaffirmation was made on June 24, 2026, and reflects Citigroup's continued optimism about the company's prospects.

Other Institutional Activity in Celanese

Several other institutional investors have also made moves in Celanese. Dodge & Cox increased its holdings by 41,860 shares, bringing its total to 15,345,910 shares valued at approximately $1.01 billion, marking a 0.3% increase. BlackRock, Inc. added 354,088 shares, ending with 13,088,961 shares worth about $860.9 million, a 2.8% increase. Vanguard Portfolio Management LLC and Vanguard Capital Management LLC both opened new positions, acquiring 6,271,682 and 4,946,280 shares, respectively. Meanwhile, Capital Research Global Investors reduced its stake by 868,640 shares to 4,696,916 shares, a 15.6% decrease.

Celanese Corporation Stock Up 9.8%

Shares of Celanese Corporation traded near $48.13 on Thursday. The company, with a market cap of $5.45 billion, has a forward P/E ratio of 7.5 and a beta of 0.738. The stock's 52-week range is between $35.13 and $70.70, with a 50-day moving average of $58.67 and a 200-day moving average of $49.67. The company has a current ratio of 1.383 and a quick ratio of 0.797, indicating its ability to cover short-term liabilities.

Recent Earnings

Celanese Corporation reported revenues of approximately $9.49 billion, though revenue growth declined by 2.2%. The company posted a net margin of -11.56% and a return on equity of -21.11%, reflecting its current financial challenges. The next earnings report is expected on August 10, 2026.

Dividend

Celanese pays an annual dividend rate of $0.12, yielding 0.23%. The dividend payout ratio is 27.89%, indicating a conservative approach to returning profits to shareholders.

Insider Buying and Selling at Celanese Corporation

On May 11, 2026, several insiders, including Anne Noonan and Bruce Chinn, each acquired 2,975 shares. Edward Galante purchased 3 shares at an average price of $59.55. These transactions were not part of any pre-planned trading program.

Analysts Set New Price Targets

On June 24, 2026, Citigroup maintained its buy rating on Celanese with a $68 price target. RBC Capital also maintained a hold rating with the same target price. Wells Fargo reiterated a buy rating, setting a higher target of $80. Overall, the consensus recommendation for Celanese is a buy, with an average target price of $74.56 based on 16 analyst opinions.

About Celanese Corporation

Celanese Corporation, headquartered in Irving, Texas, is a global producer of engineered polymers. The company operates through two main segments: Engineered Materials and Acetyl Chain. It offers a wide range of products, including polymers and chemicals used in various industries like automotive, construction, and consumer electronics. Founded in 1912, Celanese is led by CEO Scott A. Richardson and employs around 11,000 people worldwide.

Bottom Line

Citigroup's reaffirmation of its buy rating on Celanese Corporation highlights continued confidence in the company's future. Investors follow these ratings closely, as they provide insights into market sentiment and potential stock performance. It's important to remember that analyst ratings are based on past data and projections, which may change over time.