Several other research analysts also recently commented on PQG. Zacks Investment Research downgraded shares of PQ Group from a hold rating to a sell rating in a report on Saturday, March 24th. BMO Capital Markets began coverage on shares of PQ Group in a report on Tuesday, March 27th. They issued an outperform rating and a $21.00 price objective for the company. One analyst has rated the stock with a sell rating, three have given a hold rating and eight have given a buy rating to the company’s stock. PQ Group has a consensus rating of Buy and an average target price of $19.77.
Shares of NYSE:PQG traded down $0.07 during midday trading on Thursday, reaching $14.11. The company had a trading volume of 24,930 shares, compared to its average volume of 203,040. The company has a quick ratio of 0.99, a current ratio of 1.90 and a debt-to-equity ratio of 1.34. PQ Group has a 1-year low of $12.88 and a 1-year high of $17.65.
PQ Group (NYSE:PQG) last released its earnings results on Wednesday, March 21st. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.04. The company had revenue of $358.10 million during the quarter, compared to analyst estimates of $341.30 million. The firm’s quarterly revenue was up 10.9% compared to the same quarter last year. analysts expect that PQ Group will post 0.97 earnings per share for the current fiscal year.
In other PQ Group news, insider David James Taylor acquired 15,000 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was bought at an average cost of $14.39 per share, with a total value of $215,850.00. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Kyle D. Vann purchased 10,000 shares of the business’s stock in a transaction on Friday, March 23rd. The stock was purchased at an average cost of $14.50 per share, with a total value of $145,000.00. The disclosure for this purchase can be found here.
A number of large investors have recently made changes to their positions in PQG. Strs Ohio purchased a new position in PQ Group in the fourth quarter worth $138,000. Salem Investment Counselors Inc. acquired a new stake in shares of PQ Group during the fourth quarter worth $165,000. Metropolitan Life Insurance Co. NY acquired a new stake in shares of PQ Group during the fourth quarter worth $269,000. Paloma Partners Management Co acquired a new stake in shares of PQ Group during the fourth quarter worth $287,000. Finally, Rhumbline Advisers acquired a new stake in shares of PQ Group during the fourth quarter worth $319,000. 68.55% of the stock is owned by hedge funds and other institutional investors.
About PQ Group
PQ Group Holdings Inc provides catalysts, specialty materials and chemicals, and services. The company operates through 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 emissions 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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