$2.30 EPS Expected for Celanese Corporation (CE)

June 21, 2018 - By Eugene Smith

Celanese Corporation (NYSE:CE) LogoInvestors sentiment decreased to 0.85 in Q1 2018. Its down 0.20, from 1.05 in 2017Q4. It is negative, as 38 investors sold Celanese Corporation shares while 158 reduced holdings. 53 funds opened positions while 114 raised stakes. 122.66 million shares or 1.97% less from 125.13 million shares in 2017Q4 were reported.
Panagora Asset Mngmt Incorporated, Massachusetts-based fund reported 131,932 shares. Clinton Group has invested 0.12% in Celanese Corporation (NYSE:CE). Alps Advsr Incorporated reported 4,458 shares. Moreover, Curbstone Mgmt Corporation has 0.4% invested in Celanese Corporation (NYSE:CE) for 14,100 shares. 2,223 are held by Atlantic Tru Ltd Liability Company. Moreover, Veritable Lp has 0.01% invested in Celanese Corporation (NYSE:CE) for 3,005 shares. Moreover, Greenwood Capital Associates has 0.08% invested in Celanese Corporation (NYSE:CE) for 3,439 shares. Highbridge Mngmt Limited Company stated it has 18,352 shares or 0.03% of all its holdings. Eqis Mgmt Inc invested in 0.02% or 4,063 shares. Richard Bernstein Advsrs Ltd Liability Corp accumulated 53,940 shares or 0.19% of the stock. Cap Int reported 2.00M shares stake. Andra Ap reported 34,500 shares or 0.09% of all its holdings. Winch Advisory Services Limited Liability Corporation holds 0.11% of its portfolio in Celanese Corporation (NYSE:CE) for 1,936 shares. Susquehanna Interest Grp Llp holds 14,846 shares. Blackrock reported 7.45 million shares.

Analysts expect Celanese Corporation (NYSE:CE) to report $2.30 EPS on July, 23.They anticipate $0.51 EPS change or 28.49 % from last quarter’s $1.79 EPS. CE’s profit would be $312.46M giving it 12.14 P/E if the $2.30 EPS is correct. After having $2.79 EPS previously, Celanese Corporation’s analysts see -17.56 % EPS growth. The stock decreased 0.19% or $0.21 during the last trading session, reaching $111.71. About 191,126 shares traded. Celanese Corporation (NYSE:CE) has risen 31.06% since June 21, 2017 and is uptrending. It has outperformed by 18.49% the S&P500.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 11 analysts covering Celanese Corp (NYSE:CE), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Celanese Corp had 20 analyst reports since January 16, 2018 according to SRatingsIntel. The company was maintained on Monday, January 29 by Robert W. Baird. RBC Capital Markets maintained Celanese Corporation (NYSE:CE) on Thursday, January 25 with “Buy” rating. The company was maintained on Monday, January 29 by SunTrust. The company was maintained on Tuesday, January 16 by SunTrust. The stock of Celanese Corporation (NYSE:CE) has “Hold” rating given on Wednesday, January 17 by Wells Fargo. The stock of Celanese Corporation (NYSE:CE) earned “Buy” rating by UBS on Thursday, May 17. Jefferies maintained it with “Buy” rating and $130.0 target in Monday, January 29 report. KeyBanc Capital Markets maintained Celanese Corporation (NYSE:CE) rating on Monday, January 29. KeyBanc Capital Markets has “Buy” rating and $128.0 target. BMO Capital Markets initiated Celanese Corporation (NYSE:CE) on Tuesday, March 27 with “Buy” rating. The firm has “Equal-Weight” rating given on Wednesday, April 18 by Morgan Stanley.

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 $15.18 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 14.97 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.

Another recent and important Celanese Corporation (NYSE:CE) news was published by Globenewswire.com which published an article titled: “New Research: Key Drivers of Growth for Global Payments, Patterson-UTI Energy, Celanese, Westlake Chemical, Las …” on June 12, 2018.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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