PQ Group Holdings Inc. (NYSE:PQG) has received an average recommendation of “Buy” from the eight brokerages that are currently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $17.08.
Several brokerages have recently weighed in on PQG. TheStreet upgraded PQ Group from a “d+” rating to a “c-” rating in a report on Tuesday, November 24th. Zacks Investment Research upgraded PQ Group from a “strong sell” rating to a “hold” rating in a report on Tuesday. KeyCorp began coverage on PQ Group in a report on Monday, December 14th. They set an “overweight” rating and a $19.00 price target for the company. Finally, Morgan Stanley raised their price target on PQ Group from $12.00 to $15.00 and gave the company an “equal weight” rating in a report on Monday, December 14th.
A number of large investors have recently made changes to their positions in PQG. Shapiro Capital Management LLC lifted its position in shares of PQ Group by 13.1% during the 4th quarter. Shapiro Capital Management LLC now owns 4,649,696 shares of the company’s stock valued at $66,305,000 after buying an additional 539,048 shares in the last quarter. BlackRock Inc. lifted its holdings in PQ Group by 2.7% in the 4th quarter. BlackRock Inc. now owns 3,015,157 shares of the company’s stock worth $42,996,000 after purchasing an additional 78,337 shares in the last quarter. Cove Street Capital LLC lifted its holdings in PQ Group by 40.1% in the 4th quarter. Cove Street Capital LLC now owns 2,210,187 shares of the company’s stock worth $31,518,000 after purchasing an additional 632,261 shares in the last quarter. Cardinal Capital Management LLC CT purchased a new position in PQ Group in the 4th quarter worth approximately $8,079,000. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in PQ Group by 67.1% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 406,429 shares of the company’s stock worth $4,170,000 after purchasing an additional 163,190 shares in the last quarter. 69.40% of the stock is currently owned by institutional investors and hedge funds.
Shares of NYSE:PQG traded down $0.28 on Tuesday, hitting $15.93. 7,077 shares of the company traded hands, compared to its average volume of 150,153. PQ Group has a 52 week low of $8.50 and a 52 week high of $16.28. The company has a quick ratio of 1.70, a current ratio of 2.76 and a debt-to-equity ratio of 1.06. The stock has a 50 day simple moving average of $15.17 and a 200-day simple moving average of $13.04. The company has a market cap of $2.17 billion, a PE ratio of 50.22 and a beta of 0.90.
PQ Group Company Profile
PQ Group Holdings Inc provides specialty catalysts, materials, chemicals, and services in the United States, the Netherlands, the United Kingdom, and internationally. The company operates through four segments: Refining Services, Catalysts, Performance Materials, and Performance Chemicals. The Refining Services segment offers sulfuric acid recycling and end-to-end logistics services to produce alkylate; and virgin sulfuric acid for water treatment, mining, and industrial applications.
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