The stock of Celanese Corporation (NYSE:CE) is a huge mover today! About 1.32 million shares traded hands or 23.36% up from the average. Celanese Corporation (NYSE:CE) has risen 0.19% since March 15, 2016 and is uptrending. It has underperformed by 5.30% the S&P500.
The move comes after 7 months positive chart setup for the $9.90 billion company. It was reported on Oct, 18 by Barchart.com. We have $90.00 PT which if reached, will make NYSE:CE worth $3.17B more.
Celanese Corporation (NYSE:CE) Ratings Coverage
Out of 10 analysts covering Celanese (NYSE:CE), 6 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 60% are positive. Celanese has been the topic of 24 analyst reports since September 1, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Citigroup on Monday, April 18. KeyBanc Capital Markets initiated Celanese Corporation (NYSE:CE) on Friday, October 7 with “Overweight” rating. UBS maintained it with “Neutral” rating and $72 target price in Monday, November 16 report. As per Friday, July 15, the company rating was maintained by Citigroup. Cowen & Co maintained the stock with “Market Perform” rating in Monday, October 26 report. The company was maintained on Monday, November 16 by RBC Capital Markets. Zacks downgraded the stock to “Buy” rating in Tuesday, September 1 report. The firm has “Sector Perform” rating given on Wednesday, October 21 by RBC Capital Markets. The firm has “Market Perform” rating given on Friday, January 29 by Cowen & Co. The stock of Celanese Corporation (NYSE:CE) earned “Outperform” rating by Macquarie Research on Tuesday, October 20.
According to Zacks Investment Research, “Celanese is an integrated global producer of value-added industrial chemicals. They are the world’s largest producer of acetyl products, including acetic acid, vinyl acetate monomer and polyacetals and a leading global producer of high-performance engineered polymers used in consumer and industrial products and designed to meet highly technical customer requirements. Their operations are located in North America, Europe and Asia, including substantial joint ventures in China.”
Insitutional Activity: The institutional sentiment increased to 1.39 in Q2 2016. Its up 0.23, from 1.16 in 2016Q1. The ratio is positive, as 24 funds sold all Celanese Corporation shares owned while 116 reduced positions. 41 funds bought stakes while 153 increased positions. They now own 137.11 million shares or 5.90% less from 145.72 million shares in 2016Q1.
Columbia Wanger Asset Management Llc has invested 0.54% of its portfolio in Celanese Corporation (NYSE:CE). The California-based Los Angeles Management Equity Research has invested 0.03% in Celanese Corporation (NYSE:CE). Ckw Group Inc last reported 0.02% of its portfolio in the stock. Comm Bancorp has 3,102 shares for 0% of their US portfolio. Moreover, Wellington Shields Lc has 0.08% invested in Celanese Corporation (NYSE:CE) for 7,300 shares. Moreover, Quantbot Tech L P has 0.2% invested in Celanese Corporation (NYSE:CE) for 28,611 shares. Cornercap Inv Counsel Incorporated accumulated 0.78% or 62,485 shares. Janney Montgomery Scott Ltd Liability Corp has 104,842 shares for 0.11% of their US portfolio. Btg Pactual Asset Mngmt Limited has invested 0.32% of its portfolio in Celanese Corporation (NYSE:CE). Camarda Advsrs Ltd Llc last reported 50 shares in the company. Livforsakringsbolaget Skandia Omsesidigt reported 16,543 shares or 0.05% of all its holdings. Lapides Asset Management Ltd Liability reported 117,100 shares or 1.42% of all its holdings. Citadel Advisors Limited Liability has invested 0.1% of its portfolio in Celanese Corporation (NYSE:CE). Credit Agricole S A holds 0.08% of its portfolio in Celanese Corporation (NYSE:CE) for 330,940 shares. Hussman Strategic owns 32,000 shares or 0.32% of their US portfolio.
More notable recent Celanese Corporation (NYSE:CE) news were published by: Businesswire.com which released: “Celanese Corporation Reports Third Quarter Earnings; Maintains 2016 Outlook” on October 17, 2016, also Businesswire.com with their article: “Celanese Announces Vinyl Acetate Based Emulsions Price Increase in Americas” published on October 14, 2016, Streetinsider.com published: “Celanese Corp. (CE) Enters Agreement to Acquire Italy-Based SO.F.TER. Group” on October 17, 2016. More interesting news about Celanese Corporation (NYSE:CE) were released by: Businesswire.com and their article: “Celanese Corporation Announces Pricing of Senior Notes Offering” published on September 19, 2016 as well as Benzinga.com‘s news article titled: “Mid-Morning Market Update: Markets Open Higher; Goldman Sachs Beats Q3 …” with publication date: October 18, 2016.
CE Company Profile
Celanese Corporation (Celanese), incorporated on November 3, 2004, is a technology and specialty materials company. The Firm operates through four divisions: Advanced Engineered Materials, Consumer Specialties, Industrial Specialties and Acetyl Intermediates. The Company’s business involves processing chemical raw materials, such as methanol, carbon monoxide, ethylene and natural products, including wood pulp into chemicals, thermoplastic polymers and other chemical products. The Firm engineers and makes a range of products, which serves a range of end-use applications, including paints and coatings, textiles, automotive applications, consumer and medical applications, performance industrial applications, filtration applications, paper and packaging, chemical additives, construction, consumer and industrial adhesives, and food and beverage applications. The Firm operates in North America, Europe and Asia, and consists of approximately 20 global production facilities, and approximately eight additional strategic affiliate production facilities.
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