Should Investors Be Selling Celanese (NYSE:CE) Stock Following Today’s SunTrust Downgrade?

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Investors sentiment increased to 1.32 in Q3 2018. Its up 0.31, from 1.01 in 2018Q2. It increased, as 27 investors sold Celanese Corporation shares while 133 reduced holdings. 65 funds opened positions while 146 raised stakes. 120.88 million shares or 0.39% more from 120.41 million shares in 2018Q2 were reported.

Cipher Cap Limited Partnership, New York-based fund reported 5,694 shares. Magnetar Financial Lc reported 2,018 shares. California-based Interest has invested 0.1% in Celanese Corporation (NYSE:CE). Dubuque Natl Bank & reported 0% stake. Voya Investment Mgmt Limited Liability Co reported 41,076 shares. Pggm Investments has invested 0.18% in Celanese Corporation (NYSE:CE). Point72 Asset Mngmt L P stated it has 0.03% of its portfolio in Celanese Corporation (NYSE:CE). Dupont Capital Mngmt Corporation owns 24,500 shares or 0.06% of their US portfolio. Geode Cap Mngmt stated it has 0.04% in Celanese Corporation (NYSE:CE). Vigilant Capital Limited Co reported 0.01% stake. Camarda Fincl Advsrs Ltd Com holds 0.56% of its portfolio in Celanese Corporation (NYSE:CE) for 4,355 shares. Enterprise Ser Corporation owns 35 shares or 0% of their US portfolio. Moreover, Clearbridge Investments Lc has 0% invested in Celanese Corporation (NYSE:CE). Axa invested 0.03% in Celanese Corporation (NYSE:CE). Jpmorgan Chase And holds 0.05% or 2.08 million shares.

Celanese (NYSE:CE) Receives a Downgrade

Celanese (NYSE:CE) was downgraded by research analysts at SunTrust from their past Buy rating to a Hold rating in a research report issued to clients on 14 January.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 8 analysts covering Celanese (NYSE:CE), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Celanese has $145 highest and $100 lowest target. $119’s average target is 25.63% above currents $94.72 stock price. Celanese had 10 analyst reports since July 23, 2018 according to SRatingsIntel. The firm earned “Overweight” rating on Monday, October 22 by Barclays Capital. The rating was maintained by Citigroup with “Buy” on Tuesday, July 24. The stock of Celanese Corporation (NYSE:CE) has “Overweight” rating given on Monday, July 30 by Barclays Capital. JP Morgan maintained the shares of CE in report on Monday, July 23 with “Neutral” rating. The company was maintained on Monday, October 15 by Nomura. BMO Capital Markets downgraded Celanese Corporation (NYSE:CE) on Tuesday, January 8 to “Market Perform” rating. The firm has “Overweight” rating by KeyBanc Capital Markets given on Monday, July 23. As per Monday, October 22, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Citigroup on Thursday, October 11.

The stock decreased 0.04% or $0.04 during the last trading session, reaching $94.72. About 1.04 million shares traded. Celanese Corporation (NYSE:CE) has declined 15.23% since January 14, 2018 and is downtrending. It has underperformed by 15.23% the S&P500.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on January, 24. They expect $2.43 earnings per share, up 22.73 % or $0.45 from last year’s $1.98 per share. CE’s profit will be $325.04M for 9.74 P/E if the $2.43 EPS becomes a reality. After $2.96 actual earnings per share reported by Celanese Corporation for the previous quarter, Wall Street now forecasts -17.91 % 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 $12.67 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 9.85 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 Seekingalpha.com which published an article titled: “Stocks To Watch: Was That A Speed Bump? – Seeking Alpha” on October 13, 2018.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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