Robinhood shares gain on Q2 beat, as user and crypto growth accelerate
Deborah J. Kissire, a director at Celanese Corp (NYSE:CE), recently acquired 1,000 shares of the company’s common stock. The purchase, which took place on March 7, 2025, was executed at a price of $54.28 per share, amounting to a total transaction value of $54,280. The timing appears strategic, as InvestingPro data shows the stock has gained nearly 18% in the past week, though it remains down 64% over the last year. Following this acquisition, Kissire holds a total of 2,214 shares in the company. Celanese Corp, based in Irving, Texas, is known for its operations in the plastic material and synthetic resin industry. According to InvestingPro analysis, the company appears undervalued, with analysts maintaining a consensus price target above current levels. Get access to 10 additional exclusive ProTips and comprehensive analysis through the Pro Research Report, available on InvestingPro.
In other recent news, Celanese Corporation has taken significant steps to bolster its financial standing by securing $1.8 billion through senior notes offerings. This strategic move is aimed at strengthening the company’s financial position and supporting its business operations. Meanwhile, several analyst firms have revised their outlooks on Celanese, reflecting varied perspectives on the company’s future performance. Piper Sandler has lowered its price target for Celanese to $50, maintaining an Underweight rating due to anticipated challenges in returning to financial health. BofA Securities also reduced its price target to $72 but retained a Buy rating, suggesting potential for improvement beyond the first quarter of 2025. UBS revised its price target to $60 and retained a Neutral rating, citing concerns about Celanese’s earnings power and elevated leverage. Additionally, RBC Capital Markets downgraded Celanese from Outperform to Sector Perform, with a new price target of $56, due to challenges in the automotive market affecting near-term earnings. These developments highlight the mixed views on Celanese’s financial trajectory as the company navigates market challenges and opportunities.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.