Zacks Investment Research downgraded shares of PQ Group (NYSE:PQG) from a hold rating to a sell rating in a report published on Wednesday.
According to Zacks, “PQ Group Holdings Inc. is an integrated, provider of catalysts, specialty materials and chemicals and services. It operates primarily in North America, Europe, South America and Asia. The company serves refinery, emissions control and petrochemical industries. PQ Group Holdings Inc. is based in MALVERN, United States. “
Separately, KeyCorp lowered their price target on PQ Group from $21.00 to $19.00 and set an overweight rating for the company in a research report on Thursday, November 8th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. PQ Group has a consensus rating of Buy and an average target price of $20.50.
PQG traded down $0.06 during trading on Wednesday, reaching $16.32. The company had a trading volume of 55,286 shares, compared to its average volume of 72,420. The company has a market cap of $2.21 billion, a PE ratio of 18.74, a P/E/G ratio of 1.01 and a beta of 0.64. PQ Group has a 52 week low of $12.88 and a 52 week high of $18.69. The company has a quick ratio of 1.35, a current ratio of 2.38 and a debt-to-equity ratio of 1.29.
PQ Group (NYSE:PQG) last issued its quarterly earnings results on Thursday, February 21st. The company reported $0.17 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.13 by $0.04. The company had revenue of $380.00 million during the quarter, compared to the consensus estimate of $364.71 million. PQ Group had a return on equity of 7.07% and a net margin of 3.63%. PQ Group’s revenue was up 6.1% on a year-over-year basis. During the same period last year, the company earned $0.19 earnings per share. As a group, research analysts anticipate that PQ Group will post 0.84 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in PQG. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in PQ Group by 74.7% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,247 shares of the company’s stock worth $48,000 after purchasing an additional 1,388 shares during the period. Great West Life Assurance Co. Can purchased a new stake in PQ Group in the fourth quarter worth $62,000. Quantamental Technologies LLC purchased a new stake in PQ Group in the fourth quarter worth $89,000. Legal & General Group Plc increased its stake in PQ Group by 21.5% in the fourth quarter. Legal & General Group Plc now owns 6,775 shares of the company’s stock worth $100,000 after purchasing an additional 1,201 shares during the period. Finally, Metropolitan Life Insurance Co. NY increased its stake in PQ Group by 294.6% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 10,670 shares of the company’s stock worth $158,000 after purchasing an additional 7,966 shares during the period. Institutional investors and hedge funds own 69.03% of the company’s stock.
PQ Group Company Profile
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates in two segments, Environmental Catalysts and Services; and Performance Materials and Chemicals. It primarily offers refinery catalysts, emissions control catalysts, and catalyst recycling services for fuels and emission controls use; silica gels for edible oil and beer clarification; precipitated silicas and zeolites for the surface coating, dentifrice, and dishwasher and laundry detergent applications; reflective markings for roadways and airports; and hollow glass beads or microspheres for cement additive, metal finishing, and oil well cement uses.
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