SunTrust Banks restated their buy rating on shares of Celanese (NYSE:CE) in a research note released on Wednesday. SunTrust Banks also issued estimates for Celanese’s Q4 2017 earnings at $1.92 EPS, FY2017 earnings at $7.45 EPS and FY2018 earnings at $8.28 EPS.

Other equities analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Celanese from a buy rating to a hold rating in a report on Friday, December 15th. Tudor Pickering assumed coverage on shares of Celanese in a report on Tuesday, November 14th. They issued a buy rating on the stock. Cowen boosted their price objective on shares of Celanese from $115.00 to $120.00 and gave the stock an outperform rating in a report on Wednesday, September 20th. Citigroup cut their price objective on shares of Celanese from $122.00 to $120.00 and set a buy rating on the stock in a report on Wednesday, October 18th. Finally, UBS Group boosted their price objective on shares of Celanese from $100.00 to $107.00 and gave the stock a neutral rating in a report on Tuesday, October 17th. One analyst has rated the stock with a sell rating, six have given a hold rating, thirteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $108.28.

Shares of Celanese (NYSE CE) opened at $112.96 on Wednesday. The company has a current ratio of 1.69, a quick ratio of 1.16 and a debt-to-equity ratio of 0.94. Celanese has a 12-month low of $81.88 and a 12-month high of $113.33. The firm has a market cap of $15,321.44, a price-to-earnings ratio of 19.71, a P/E/G ratio of 1.52 and a beta of 1.32.

In other news, Director John K. Wulff sold 2,500 shares of the company’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $105.88, for a total value of $264,700.00. Following the sale, the director now owns 30,175 shares in the company, valued at approximately $3,194,929. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Christopher W. Jensen sold 3,000 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $110.00, for a total transaction of $330,000.00. Following the completion of the sale, the chief financial officer now owns 52,924 shares in the company, valued at approximately $5,821,640. The disclosure for this sale can be found here. In the last 90 days, insiders sold 6,500 shares of company stock worth $699,380. Company insiders own 0.42% of the company’s stock.

Several institutional investors have recently modified their holdings of CE. Nordea Investment Management AB raised its stake in Celanese by 277.5% during the second quarter. Nordea Investment Management AB now owns 597,713 shares of the basic materials company’s stock worth $56,747,000 after acquiring an additional 439,378 shares during the period. Koch Industries Inc. acquired a new stake in Celanese during the second quarter worth about $289,000. Janus Henderson Group PLC raised its stake in Celanese by 134.3% during the third quarter. Janus Henderson Group PLC now owns 465,222 shares of the basic materials company’s stock worth $48,509,000 after acquiring an additional 266,698 shares during the period. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Celanese by 13.4% during the third quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 2,150,894 shares of the basic materials company’s stock worth $224,274,000 after acquiring an additional 253,809 shares during the period. Finally, Quantitative Investment Management LLC acquired a new stake in Celanese during the second quarter worth about $19,776,000. Institutional investors and hedge funds own 96.06% of the company’s stock.

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Celanese Company Profile

Celanese Corporation (Celanese) is a technology and specialty materials company. The Company’s segments include Advanced Engineered Materials, Consumer Specialties, Industrial Specialties, Acetyl Intermediates and Other Activities. The Advanced Engineered Materials segment includes the Company’s engineered materials business and certain affiliates.

Analyst Recommendations for Celanese (NYSE:CE)

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