Celanese (CE) Stock Overweight Rating Reconfirmed at KeyBanc; The PT Given is $131; FUNCTIONX (FNCX) Shorts Raised By 9.69%

March 21, 2018 - By Linda Rogers

FUNCTIONX INC (OTCMKTS:FNCX) had an increase of 9.69% in short interest. FNCX’s SI was 21,500 shares in March as released by FINRA. Its up 9.69% from 19,600 shares previously. With 179,500 avg volume, 0 days are for FUNCTIONX INC (OTCMKTS:FNCX)’s short sellers to cover FNCX’s short positions. The SI to FUNCTIONX INC’s float is 1.68%. The stock decreased 3.85% or $0.0007 during the last trading session, reaching $0.0175. About shares traded. Function (OTCMKTS:x Inc) has 0.00% since March 21, 2017 and is . It has underperformed by 16.70% the S&P500.

Among 17 analysts covering Celanese (NYSE:CE), 12 have Buy rating, 1 Sell and 4 Hold. Therefore 71% are positive. Celanese has $130.0 highest and $64 lowest target. $112.31’s average target is 10.72% above currents $101.44 stock price. Celanese had 70 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Celanese Corporation (NYSE:CE) has “Buy” rating given on Thursday, February 2 by Citigroup. The rating was maintained by RBC Capital Markets with “Buy” on Monday, June 19. The rating was maintained by Jefferies on Thursday, June 29 with “Buy”. Nomura maintained the shares of CE in report on Wednesday, July 19 with “Neutral” rating. The company was downgraded on Wednesday, September 7 by Citigroup. The stock of Celanese Corporation (NYSE:CE) earned “Outperform” rating by Macquarie Research on Tuesday, October 20. The stock of Celanese Corporation (NYSE:CE) has “Neutral” rating given on Wednesday, October 19 by Nomura. The company was maintained on Tuesday, October 10 by Robert W. Baird. The stock has “Neutral” rating by UBS on Monday, November 16. The stock of Celanese Corporation (NYSE:CE) earned “Buy” rating by RBC Capital Markets on Thursday, January 25.

Analysts await Celanese Corporation (NYSE:CE) to report earnings on April, 16. They expect $2.33 EPS, up 28.73% or $0.52 from last year’s $1.81 per share. CE’s profit will be $316.47M for 10.88 P/E if the $2.33 EPS becomes a reality. After $1.98 actual EPS reported by Celanese Corporation for the previous quarter, Wall Street now forecasts 17.68% EPS growth.

Investors sentiment increased to 1.05 in 2017 Q3. Its up 0.14, from 0.91 in 2017Q2. It is positive, 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. National Asset Management Inc owns 4,693 shares. Sir Capital Mgmt L P invested in 179,829 shares or 2.42% of the stock. Mitchell Mcleod Pugh And Williams reported 2,725 shares or 0.21% of all its holdings. Cambridge Invest Rech Advsrs holds 0% of its portfolio in Celanese Corporation (NYSE:CE) for 2,698 shares. Lyrical Asset Mngmt Limited Partnership has invested 4.12% in Celanese Corporation (NYSE:CE). 2,631 were reported by Homrich Berg. First Mercantile Trust Communications invested in 9,500 shares or 0.18% of the stock. Oppenheimer Asset holds 3,014 shares. Amalgamated National Bank & Trust holds 14,055 shares or 0.05% of its portfolio. Rhumbline Advisers invested in 0.04% or 172,998 shares. Pitcairn accumulated 6,009 shares or 0.07% of the stock. Shell Asset Management has invested 0.03% in Celanese Corporation (NYSE:CE). Quantitative Systematic Strategies Limited Liability Corp has 0.09% invested in Celanese Corporation (NYSE:CE). Old Mutual Customised Solutions (Proprietary) stated it has 4,100 shares or 0.06% of all its holdings. The Illinois-based Castleark Ltd Limited Liability Company has invested 0.16% in Celanese Corporation (NYSE:CE).

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 $13.78 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 16.64 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.

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