$2.32 EPS Expected for Celanese Corporation (CE)

March 14, 2018 - By Vivian Park

 $2.32 EPS Expected for Celanese Corporation (CE)
Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.15, from 1.06 in 2017Q2. It dropped, as 24 investors sold Celanese Corporation shares while 162 reduced holdings. 56 funds opened positions while 114 raised stakes. 126.78 million shares or 3.48% less from 131.35 million shares in 2017Q2 were reported.
Quantitative Invest Management Limited Company accumulated 110,400 shares. California-based Primecap Com Ca has invested 0.02% in Celanese Corporation (NYSE:CE). Ibm Retirement Fund accumulated 2,083 shares. Macquarie Grp holds 157,840 shares or 0.03% of its portfolio. Motco holds 249 shares or 0% of its portfolio. Green Square Capital Ltd Liability Company owns 5,930 shares or 0.11% of their US portfolio. New York-based Citigroup has invested 0% in Celanese Corporation (NYSE:CE). Gsa Capital Prtn Llp holds 0.06% or 8,449 shares. Fincl Architects holds 0.19% of its portfolio in Celanese Corporation (NYSE:CE) for 977 shares. Smithfield Trust Co reported 200 shares stake. Arizona State Retirement System stated it has 0.04% of its portfolio in Celanese Corporation (NYSE:CE). Vanguard Grp Incorporated accumulated 11.81 million shares. Nicholas Prns Limited Partnership reported 70,994 shares stake. James Investment Research reported 2.21% stake. First Personal Serv holds 1,010 shares or 0.02% of its portfolio.

Analysts expect Celanese Corporation (NYSE:CE) to report $2.32 EPS on April, 16.They anticipate $0.51 EPS change or 28.18 % from last quarter’s $1.81 EPS. CE’s profit would be $315.11 million giving it 11.62 P/E if the $2.32 EPS is correct. After having $1.98 EPS previously, Celanese Corporation’s analysts see 17.17 % EPS growth. The stock increased 0.20% or $0.22 during the last trading session, reaching $107.83. About 795,290 shares traded or 25.20% up from the average. Celanese Corporation (NYSE:CE) has risen 21.48% since March 14, 2017 and is uptrending. It has outperformed by 4.78% the S&P500.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 17 analysts covering Celanese (NYSE:CE), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Celanese had 69 analyst reports since September 1, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Wednesday, November 18. Robert W. Baird maintained it with “Buy” rating and $130.0 target in Monday, January 29 report. The company was maintained on Friday, May 26 by Jefferies. Cowen & Co maintained the shares of CE in report on Thursday, December 1 with “Outperform” rating. Cowen & Co maintained it with “Outperform” rating and $99 target in Wednesday, February 15 report. Goldman Sachs downgraded Celanese Corporation (NYSE:CE) rating on Monday, October 12. Goldman Sachs has “Neutral” rating and $71 target. The company was upgraded on Tuesday, January 5 by Citigroup. Nomura maintained the shares of CE in report on Wednesday, July 19 with “Neutral” rating. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Friday, October 27 by Cowen & Co. The rating was upgraded by RBC Capital Markets on Tuesday, December 13 to “Outperform”.

Celanese Corporation, a technology and specialty materials company, makes and sells value-added chemicals, thermoplastic polymers, and other chemical products worldwide. The company has market cap of $14.65 billion. The company??s Advanced Engineered Materials segment develops, produces, and supplies specialty polymers for automotive and medical applications, as well as for use in industrial products and consumer electronics. It has a 17.69 P/E ratio. The Company’s Consumer Specialties segment provides cellulose acetate flakes, films, and tows for use in filter products applications; food protection ingredients, such as potassium sorbate and sorbic acid for food and beverage industry; Sunett, a sweetener for use in various beverages, confections, and dairy products; and Qorus, a sweetener system designed for low-to no-calorie carbonated and non-carbonated beverages, flavored waters, energy drinks, and milk and dairy products.

More notable recent Celanese Corporation (NYSE:CE) news were published by: Zacks.com which released: “Celanese (CE) to Increase Prices of Acetyl Intermediates” on March 12, 2018, also Digitaljournal.com with their article: “Global Formaldehyde Based Chelating Agent Market 2017- Celanese Corporation …” published on March 13, 2018, Nasdaq.com published: “Celanese Corporation (CE) Ex-Dividend Date Scheduled for February 16, 2018” on February 15, 2018. More interesting news about Celanese Corporation (NYSE:CE) were released by: Businesswire.com and their article: “Celanese Appoints Scott Richardson as Chief Financial Officer” published on February 19, 2018 as well as Businesswire.com‘s news article titled: “Celanese Manufacturing Facilities Recognized for Achieving ENERGY STAR …” with publication date: February 27, 2018.

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