PQ Group Holdings Inc (PQG) Given Average Rating of “Buy” by Analysts

Shares of PQ Group Holdings Inc (NYSE:PQG) have been given an average recommendation of “Buy” by the eleven brokerages that are presently covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $19.75.

PQG has been the subject of several recent research reports. Deutsche Bank lowered their price target on PQ Group from $20.00 to $19.00 and set a “buy” rating for the company in a report on Thursday, November 16th. Jefferies Group initiated coverage on PQ Group in a report on Tuesday, October 24th. They issued a “buy” rating and a $23.00 price target for the company. Citigroup initiated coverage on PQ Group in a report on Tuesday, October 24th. They issued a “buy” rating and a $20.00 price target for the company. Nomura initiated coverage on PQ Group in a report on Tuesday, October 24th. They issued a “buy” rating and a $20.00 price target for the company. Finally, Morgan Stanley initiated coverage on PQ Group in a report on Tuesday, October 24th. They issued an “equal weight” rating and a $19.00 price target for the company.

Shares of PQ Group (NYSE:PQG) opened at $16.34 on Thursday. PQ Group has a 52 week low of $14.65 and a 52 week high of $17.65. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.40.

PQ Group (NYSE:PQG) last issued its quarterly earnings results on Monday, November 13th. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.03. The business had revenue of $391.80 million for the quarter, compared to analysts’ expectations of $393.86 million. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.12 EPS. equities analysts predict that PQ Group will post 0.48 EPS for the current year.

A hedge fund recently bought a new stake in PQ Group stock. Strs Ohio purchased a new stake in PQ Group Holdings Inc (NYSE:PQG) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 8,400 shares of the company’s stock, valued at approximately $138,000. 58.41% of the stock is currently owned by hedge funds and other institutional investors.

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About PQ Group

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 (NYSE:PQG)

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