UBS Issues an Upgrade on Celanese (NYSE:CE) Shares. What’s Next?

May 17, 2018 - By Harriett Tippett

Celanese Corporation (NYSE:CE) Logo

Investors sentiment increased to 1.05 in Q4 2017. Its up 0.14, from 0.91 in 2017Q3. It improved, as 29 investors sold Celanese Corporation shares while 142 reduced holdings. 54 funds opened positions while 126 raised stakes. 125.13 million shares or 1.30% less from 126.78 million shares in 2017Q3 were reported.

Eqis Mngmt stated it has 4,296 shares or 0.02% of all its holdings. Pittenger & Anderson reported 6,695 shares or 0.06% of all its holdings. 128,296 were reported by Hsbc Public Ltd. Denali Advsr Ltd Liability Company has 0.02% invested in Celanese Corporation (NYSE:CE). Camarda Limited Liability has invested 0.58% of its portfolio in Celanese Corporation (NYSE:CE). Sandy Spring Comml Bank accumulated 0% or 40 shares. Fdx Inc reported 0.02% in Celanese Corporation (NYSE:CE). Magnetar Ltd Company has 13,729 shares. 2,100 are held by Symphony Asset Mgmt Ltd. Zacks Investment Mngmt accumulated 0.23% or 96,451 shares. Keybank Natl Association Oh holds 0.01% of its portfolio in Celanese Corporation (NYSE:CE) for 10,345 shares. Lsv Asset Management stated it has 2.50M shares or 0.42% of all its holdings. Td Asset Mgmt reported 0.04% stake. Calamos Advsr Lc has invested 0.07% in Celanese Corporation (NYSE:CE). First Personal Finance owns 0.02% invested in Celanese Corporation (NYSE:CE) for 1,010 shares.

Celanese (NYSE:CE) Stock Upgrade

UBS raised shares of Celanese (NYSE:CE) to a solid “Buy” rating from the previous “Neutral”. The change in rating was revealed to clients and investors in an analyst report today.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 11 analysts covering Celanese Corp (NYSE:CE), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Celanese Corp has $14100 highest and $110.0 lowest target. $126.73’s average target is 11.26% above currents $113.9 stock price. Celanese Corp had 18 analyst reports since January 16, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Wednesday, March 21 by KeyBanc Capital Markets. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Monday, January 29 by SunTrust. RBC Capital Markets maintained the shares of CE in report on Tuesday, April 17 with “Buy” rating. The firm earned “Buy” rating on Tuesday, March 27 by BMO Capital Markets. The firm has “Buy” rating by Robert W. Baird given on Monday, January 29. The company was maintained on Wednesday, April 18 by Robert W. Baird. The firm has “Neutral” rating by UBS given on Friday, January 26. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, April 18. Robert W. Baird maintained the shares of CE in report on Tuesday, March 20 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, January 25.

The stock increased 2.51% or $2.79 during the last trading session, reaching $113.9. About 1.80 million shares traded or 106.18% up from the average. Celanese Corporation (NYSE:CE) has risen 9.78% since May 17, 2017 and is uptrending. It has underperformed by 1.77% the S&P500.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on July, 23. They expect $2.30 earnings per share, up 28.49 % or $0.51 from last year’s $1.79 per share. CE’s profit will be $312.47M for 12.38 P/E if the $2.30 EPS becomes a reality. After $2.79 actual earnings per share reported by Celanese Corporation for the previous quarter, Wall Street now forecasts -17.56 % negative EPS growth.

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 $15.47 billion. The companyÂ’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 18.68 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 important recent Celanese Corporation (NYSE:CE) news were published by: Seekingalpha.com which released: “Celanese weakness presents buying opportunity, Goldman analyst says” on May 01, 2018, also Streetinsider.com published article titled: “UPDATE: UBS Upgrades Celanese (CE) to Buy”, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018. More interesting news about Celanese Corporation (NYSE:CE) was released by: Benzinga.com and their article: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: