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Celanese (CE) Reaches $110.81 After 4.00% Down Move; 8 Analysts Are Bullish Credit Suisse Group AG (CS) Last Week

The stock of Celanese Corporation (NYSE:CE) is a huge mover today! The stock decreased 1.90% or $2.15 during the last trading session, reaching $110.81. About 242,426 shares traded. Celanese Corporation (NYSE:CE) has risen 21.48% since January 22, 2017 and is uptrending. It has outperformed by 4.78% the S&P500.The move comes after 6 months negative chart setup for the $15.03 billion company. It was reported on Jan, 22 by Barchart.com. We have $106.38 PT which if reached, will make NYSE:CE worth $601.20M less.

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 8 have Buy rating, 1 Sell and 3 Hold. Therefore 67% are positive. Credit Suisse Group Ag had 23 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, June 20 by Morgan Stanley. The rating was downgraded by Macquarie Research to “Underperform” on Friday, January 13. Societe Generale upgraded Credit Suisse Group AG (NYSE:CS) on Tuesday, September 12 to “Buy” rating. Benchmark maintained Credit Suisse Group AG (NYSE:CS) on Friday, January 22 with “Buy” rating. As per Wednesday, November 15, the company rating was upgraded by Macquarie Research. As per Friday, October 6, the company rating was upgraded by RBC Capital Markets. On Wednesday, August 26 the stock rating was upgraded by Vetr to “Hold”. The firm earned “Equal-Weight” rating on Friday, February 5 by Morgan Stanley. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Tuesday, June 28 report. The rating was initiated by Barclays Capital with “Sell” on Tuesday, January 16. See Credit Suisse Group AG (NYSE:CS) latest ratings:

16/01/2018 Broker: Barclays Capital Rating: Sell Initiate
09/01/2018 Broker: Societe Generale Rating: Hold New Target: $18.5 Downgrade
15/11/2017 Broker: Macquarie Research Old Rating: Underperform New Rating: Neutral Upgrade
06/10/2017 Broker: RBC Capital Markets Old Rating: Sector Perform New Rating: Outperform Upgrade
12/09/2017 Broker: Societe Generale Old Rating: Hold New Rating: Buy Upgrade

Among 16 analysts covering Celanese (NYSE:CE), 11 have Buy rating, 1 Sell and 4 Hold. Therefore 69% are positive. Celanese had 62 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Celanese Corporation (NYSE:CE) has “Outperform” rating given on Friday, February 17 by Robert W. Baird. The firm has “Outperform” rating given on Friday, April 29 by Cowen & Co. As per Monday, October 9, the company rating was maintained by RBC Capital Markets. The stock of Celanese Corporation (NYSE:CE) has “Neutral” rating given on Tuesday, October 17 by UBS. The stock of Celanese Corporation (NYSE:CE) earned “Neutral” rating by Citigroup on Wednesday, September 7. The stock of Celanese Corporation (NYSE:CE) earned “Buy” rating by RBC Capital Markets on Tuesday, July 25. Citigroup maintained the stock with “Buy” rating in Friday, July 15 report. The stock of Celanese Corporation (NYSE:CE) has “Hold” rating given on Wednesday, January 17 by Wells Fargo. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Buy”. Jefferies maintained it with “Buy” rating and $112.0 target in Thursday, October 5 report.

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 $15.03 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 19.39 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.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on February, 7. They expect $1.84 EPS, up 21.05% or $0.32 from last year’s $1.52 per share. CE’s profit will be $249.57M for 15.06 P/E if the $1.84 EPS becomes a reality. After $1.93 actual EPS reported by Celanese Corporation for the previous quarter, Wall Street now forecasts -4.66% negative EPS growth.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.15, from 1.06 in 2017Q2. It dived, as 24 investors sold Celanese Corporation shares while 162 reduced holdings. 56 funds opened positions while 114 raised stakes. 126.78 million shares or 3.48% less from 131.35 million shares in 2017Q2 were reported. Cap Interest Investors owns 2.65M shares for 0.33% of their portfolio. New York State Common Retirement Fund has 0.05% invested in Celanese Corporation (NYSE:CE). Bluemountain Cap Management Lc has invested 0% of its portfolio in Celanese Corporation (NYSE:CE). Fincl Bank Of America Corp De invested 0.02% in Celanese Corporation (NYSE:CE). Atlantic Trust Gru Limited Com reported 2,210 shares stake. Nomura Hldgs owns 0% invested in Celanese Corporation (NYSE:CE) for 7,779 shares. State Board Of Administration Of Florida Retirement Sys holds 0.06% of its portfolio in Celanese Corporation (NYSE:CE) for 220,498 shares. Mitsubishi Ufj stated it has 301,272 shares. Pacad Inv has invested 0.02% of its portfolio in Celanese Corporation (NYSE:CE). Comm National Bank & Trust accumulated 3,777 shares or 0.01% of the stock. Moreover, Segantii Mngmt Limited has 0.7% invested in Celanese Corporation (NYSE:CE). James Invest owns 2.21% invested in Celanese Corporation (NYSE:CE) for 630,167 shares. Nationwide Fund Advsr owns 127,746 shares or 0.05% of their US portfolio. Washington Trust Retail Bank invested in 0.01% or 381 shares. Quantitative Systematic Strategies Limited Company holds 0.09% of its portfolio in Celanese Corporation (NYSE:CE) for 3,162 shares.

The stock increased 0.73% or $0.14 during the last trading session, reaching $19.2. About 1.27 million shares traded. Credit Suisse Group AG (NYSE:CS) has risen 6.69% since January 22, 2017 and is uptrending. It has underperformed by 10.01% the S&P500.

Credit Suisse Group AG, together with its subsidiaries, provides various financial services worldwide. The company has market cap of $48.37 billion. It operates through Swiss Universal Bank, International Wealth Management, Asia Pacific, Global Markets, and Investment Banking & Capital Markets divisions. It currently has negative earnings. The firm offers advisory and financial solutions, such as structured advisory, investment advisory, discretionary asset management, mergers and acquisitions transactions, corporate sales and restructurings, divestitures, takeover defense strategies, equity and fixed income sales, trading, debt and equity securities, spin-offs, debt and equity underwritings, private placements, and derivative products, as well as proprietary and third-party services and products.

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