Analysts See $2.75 EPS for Celanese Corporation (CE)

September 16, 2018 - By Tamara Reed

Celanese Corporation (NYSE:CE) LogoInvestors sentiment increased to 1.01 in 2018 Q2. Its up 0.16, from 0.85 in 2018Q1. It is positive, as 32 investors sold Celanese Corporation shares while 155 reduced holdings. 69 funds opened positions while 119 raised stakes. 120.41 million shares or 1.83% less from 122.66 million shares in 2018Q1 were reported.
Legal General Group Inc Plc invested in 0.05% or 563,927 shares. Edgestream Partners L P reported 27,871 shares stake. Ellington Group Lc owns 1,900 shares for 0.01% of their portfolio. Thrivent For Lutherans invested 0.08% of its portfolio in Celanese Corporation (NYSE:CE). Fjarde Ap reported 0.08% in Celanese Corporation (NYSE:CE). Pitcairn reported 5,291 shares. The Ontario – Canada-based Manufacturers Life Insurance Co The has invested 0% in Celanese Corporation (NYSE:CE). Rhumbline Advisers has invested 0.04% in Celanese Corporation (NYSE:CE). Albion Fincl Grp Inc Ut holds 0.11% in Celanese Corporation (NYSE:CE) or 7,000 shares. Vanguard Gp Incorporated holds 0.06% of its portfolio in Celanese Corporation (NYSE:CE) for 12.03 million shares. Parametric Portfolio Assocs Lc reported 0.03% in Celanese Corporation (NYSE:CE). Loomis Sayles & Co Ltd Partnership reported 0.02% stake. Artemis Invest Mgmt Llp holds 0.28% in Celanese Corporation (NYSE:CE) or 183,450 shares. Magnetar Ltd Company has 0.01% invested in Celanese Corporation (NYSE:CE) for 2,778 shares. Balyasny Asset Lc holds 0.37% or 739,382 shares in its portfolio.

Analysts expect Celanese Corporation (NYSE:CE) to report $2.75 EPS on October, 15.They anticipate $0.82 EPS change or 42.49 % from last quarter’s $1.93 EPS. CE’s profit would be $371.15M giving it 10.29 P/E if the $2.75 EPS is correct. After having $2.90 EPS previously, Celanese Corporation’s analysts see -5.17 % EPS growth. The stock decreased 0.01% or $0.01 during the last trading session, reaching $113.17. About 645,885 shares traded. Celanese Corporation (NYSE:CE) has risen 13.53% since September 17, 2017 and is uptrending. It has underperformed by 2.09% the S&P500.

Celanese Corporation (NYSE:CE) Ratings Coverage

Among 10 analysts covering Celanese Corp (NYSE:CE), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Celanese Corp had 17 analyst reports since March 20, 2018 according to SRatingsIntel. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, March 20 report. The rating was maintained by Citigroup on Tuesday, July 24 with “Buy”. On Monday, July 30 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Equal-Weight” rating given on Wednesday, April 18 by Morgan Stanley. On Wednesday, March 21 the stock rating was maintained by KeyBanc Capital Markets with “Overweight”. On Friday, June 15 the stock rating was maintained by BMO Capital Markets with “Outperform”. The rating was initiated by BMO Capital Markets with “Buy” on Tuesday, March 27. The stock of Celanese Corporation (NYSE:CE) earned “Buy” rating by Citigroup on Wednesday, July 11. The company was upgraded on Thursday, May 17 by UBS. The stock has “Buy” rating by RBC Capital Markets on Tuesday, April 17.

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 $15.27 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 13.6 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.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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