Bank of Nova Scotia Makes New $2.43 Million Investment in Celanese Corporation $CE

Bank of Nova Scotia purchased a new stake in shares of Celanese Corporation (NYSE:CE) during the second quarter, HoldingsChannel.com reports. The firm purchased 52,853 shares of the basic materials company’s stock, valued at approximately $2,431,000.

Several other institutional investors have also added to or reduced their stakes in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Celanese by 41.7% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 32,450 shares of the basic materials company’s stock valued at $1,842,000 after purchasing an additional 9,543 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Celanese by 265.2% in the first quarter. NewEdge Advisors LLC now owns 5,032 shares of the basic materials company’s stock worth $286,000 after purchasing an additional 3,654 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Celanese by 144.9% during the second quarter. EverSource Wealth Advisors LLC now owns 1,276 shares of the basic materials company’s stock valued at $71,000 after purchasing an additional 755 shares in the last quarter. Baird Financial Group Inc. boosted its position in shares of Celanese by 42.1% during the second quarter. Baird Financial Group Inc. now owns 7,768 shares of the basic materials company’s stock valued at $430,000 after buying an additional 2,303 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of Celanese by 6.5% during the second quarter. California Public Employees Retirement System now owns 184,980 shares of the basic materials company’s stock valued at $10,235,000 after buying an additional 11,347 shares during the last quarter. 98.87% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, SVP Mark Christopher Murray bought 2,153 shares of the firm’s stock in a transaction that occurred on Tuesday, August 11th. The shares were bought at an average cost of $45.52 per share, with a total value of $98,004.56. Following the acquisition, the senior vice president owned 30,432 shares in the company, valued at $1,385,264.64. This trade represents a 7.61% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.34% of the company’s stock.

Celanese Stock Performance

CE opened at $44.70 on Thursday. The company has a current ratio of 1.45, a quick ratio of 0.87 and a debt-to-equity ratio of 2.33. The company has a market cap of $4.91 billion, a price-to-earnings ratio of -4.18, a PEG ratio of 0.29 and a beta of 0.76. The company’s 50 day moving average is $46.25 and its 200 day moving average is $53.71. Celanese Corporation has a 12-month low of $35.13 and a 12-month high of $70.70.

Celanese (NYSE:CE) last announced its earnings results on Tuesday, August 4th. The basic materials company reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.23 by $0.22. Celanese had a negative net margin of 12.04% and a positive return on equity of 13.04%. The business had revenue of $2.75 billion during the quarter, compared to analysts’ expectations of $2.75 billion. During the same period in the prior year, the company earned $1.44 earnings per share. The firm’s revenue was up 8.7% on a year-over-year basis. Celanese has set its Q3 2026 guidance at 1.350-1.750 EPS. On average, equities research analysts predict that Celanese Corporation will post 5.99 EPS for the current year.

Celanese Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, August 10th. Stockholders of record on Tuesday, July 28th were paid a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 0.3%. The ex-dividend date was Tuesday, July 28th. Celanese’s dividend payout ratio is -1.12%.

Wall Street Analyst Weigh In

CE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft set a $50.00 target price on Celanese in a research report on Thursday, August 6th. Wells Fargo & Company decreased their price objective on shares of Celanese from $80.00 to $65.00 and set an “overweight” rating for the company in a report on Thursday, August 6th. Bank of America lowered their price objective on shares of Celanese from $72.00 to $63.00 and set a “buy” rating on the stock in a research report on Tuesday, June 30th. Morgan Stanley decreased their target price on shares of Celanese from $72.00 to $58.00 and set an “equal weight” rating for the company in a research note on Thursday, July 16th. Finally, JPMorgan Chase & Co. increased their price target on Celanese from $53.00 to $68.00 and gave the company an “overweight” rating in a report on Thursday, May 7th. Nine investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $63.71.

Key Headlines Impacting Celanese

Here are the key news stories impacting Celanese this week:

• Positive Sentiment: Zacks raised its Q3 2026 EPS estimate to $1.59 from $1.48 and increased its full-year 2026 forecast to $6.00 from $5.64. The revised annual estimate is also above the broader consensus of $5.94.
• Positive Sentiment: The firm lifted its Q3 2027 EPS forecast to $0.61 from $0.58, indicating some expectation for improvement in that quarter.
• Neutral Sentiment: The revisions are uneven rather than uniformly bullish: stronger Q3 2026 and full-year 2026 expectations are offset by lower forecasts for several subsequent quarters and years. Zacks currently projects FY2027 EPS of $5.59 and FY2028 EPS of $7.30.
• Negative Sentiment: Zacks cut its Q4 2026 EPS estimate to $1.12 from $1.20 and reduced its Q1 2027 forecast to $1.14 from $1.33.
• Negative Sentiment: The firm also lowered Q2 2027 EPS to $2.09 from $2.22, FY2027 EPS to $5.59 from $5.93, and FY2028 EPS to $7.30 from $7.70. These reductions may weigh on investor sentiment because they point to softer medium-term earnings power.

Celanese Company Profile

Celanese Corporation is a global chemical and specialty materials company that develops, manufactures and markets a broad portfolio of products serving diverse industries. The company operates through two primary business segments—Engineered Materials and Acetyl Chain—offering solutions that range from high-performance polymers and specialty additives to industrial chemicals and intermediates. Its engineered materials are used in applications such as automotive components, consumer electronics, medical devices and packaging, while its acetyl derivatives find uses in coatings, adhesives, solvents and personal care products.

In the Engineered Materials segment, Celanese produces a variety of high-performance thermoplastics, polyether-block-amide (PEBA) elastomers and functional additives designed to enhance product durability, thermal resistance and sustainability.