PQ Group Holdings Inc. (PQG) Given Consensus Recommendation of “Buy” by Brokerages

Shares of PQ Group Holdings Inc. (NYSE:PQG) have been assigned a consensus rating of “Buy” from the ten analysts that are currently covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is $19.75.

A number of research firms have recently issued reports on PQG. Deutsche Bank AG cut their target price on shares of PQ Group Holdings from $20.00 to $19.00 and set a “buy” rating for the company in a research note on Thursday. Evercore ISI began coverage on shares of PQ Group Holdings in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $19.50 target price for the company. Morgan Stanley began coverage on shares of PQ Group Holdings in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $19.00 target price for the company. Nomura initiated coverage on shares of PQ Group Holdings in a research note on Tuesday, October 24th. They issued a “buy” rating and a $20.00 target price for the company. Finally, Credit Suisse Group initiated coverage on shares of PQ Group Holdings in a report on Tuesday, October 24th. They issued an “outperform” rating and a $21.00 price target for the company.

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PQ Group Holdings (PQG) opened at $15.47 on Friday. PQ Group Holdings has a one year low of $14.85 and a one year high of $17.65.

PQ Group Holdings (NYSE:PQG) last posted its earnings results on Monday, November 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The firm had revenue of $391.80 million during the quarter, compared to the consensus estimate of $393.86 million. During the same quarter last year, the firm posted $0.12 EPS. The business’s revenue was up 5.9% on a year-over-year basis. equities analysts forecast that PQ Group Holdings will post 0.4 earnings per share for the current fiscal year.

About PQ Group Holdings

PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.

Analyst Recommendations for PQ Group Holdings (NYSE:PQG)

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