PQG has been the subject of a number of other research reports. Zacks Investment Research raised shares of PQ Group from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a research report on Wednesday, July 29th. Jefferies Financial Group reaffirmed a “buy” rating and set a $17.00 price objective on shares of PQ Group in a research report on Tuesday, August 11th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $16.58.
PQG stock opened at $11.53 on Tuesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 2.66 and a quick ratio of 1.45. PQ Group has a 52-week low of $8.50 and a 52-week high of $17.26. The company has a 50-day moving average of $12.09 and a two-hundred day moving average of $11.90. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of 25.07 and a beta of 0.84.
PQ Group (NYSE:PQG) last announced its quarterly earnings data on Thursday, July 30th. The company reported $0.22 EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.02). The company had revenue of $359.50 million for the quarter, compared to analyst estimates of $354.56 million. PQ Group had a net margin of 4.13% and a return on equity of 6.71%. Equities analysts expect that PQ Group will post 0.73 EPS for the current fiscal year.
A number of large investors have recently bought and sold shares of PQG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in PQ Group by 74.4% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,024 shares of the company’s stock worth $44,000 after purchasing an additional 1,716 shares in the last quarter. Bank of Montreal Can raised its position in PQ Group by 110.3% in the second quarter. Bank of Montreal Can now owns 6,926 shares of the company’s stock worth $88,000 after purchasing an additional 3,632 shares in the last quarter. Denali Advisors LLC acquired a new position in PQ Group in the second quarter worth about $101,000. BNP Paribas Arbitrage SA increased its holdings in shares of PQ Group by 18.4% during the first quarter. BNP Paribas Arbitrage SA now owns 12,538 shares of the company’s stock worth $137,000 after buying an additional 1,952 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of PQ Group by 37.9% during the first quarter. SG Americas Securities LLC now owns 13,365 shares of the company’s stock worth $146,000 after buying an additional 3,670 shares in the last quarter. 69.61% of the stock is owned by hedge funds and other institutional investors.
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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