PQ Group (NYSE:PQG) had its price target hoisted by stock analysts at BMO Capital Markets from $21.00 to $22.00 in a note issued to investors on Friday. The firm presently has an “outperform” rating on the stock. BMO Capital Markets’ price target points to a potential upside of 23.04% from the company’s previous close.

PQG has been the subject of several other reports. KeyCorp reduced their price target on PQ Group from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, April 12th. JPMorgan Chase & Co. raised PQ Group from a “neutral” rating to an “overweight” rating and set a $17.00 target price on the stock in a research report on Thursday, May 17th. Citigroup upped their target price on PQ Group from $18.00 to $22.00 and gave the company a “buy” rating in a research report on Wednesday, July 11th. Finally, Zacks Investment Research raised PQ Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, May 19th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. PQ Group has an average rating of “Buy” and an average target price of $20.05.

PQ Group opened at $17.88 on Friday, according to MarketBeat. The firm has a market capitalization of $2.37 billion and a PE ratio of 38.87. The company has a debt-to-equity ratio of 1.33, a current ratio of 2.03 and a quick ratio of 1.05. PQ Group has a 12 month low of $12.88 and a 12 month high of $18.69.

PQ Group (NYSE:PQG) last released its quarterly earnings results on Thursday, August 9th. The company reported $0.28 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.28. The company had revenue of $434.70 million during the quarter, compared to the consensus estimate of $420.44 million. PQ Group’s revenue for the quarter was up 11.7% on a year-over-year basis. research analysts expect that PQ Group will post 0.92 earnings per share for the current year.

A number of institutional investors have recently bought and sold shares of PQG. Commonwealth Equity Services LLC purchased a new stake in PQ Group during the 1st quarter valued at about $139,000. Comerica Bank purchased a new stake in PQ Group during the 1st quarter valued at about $245,000. Metropolitan Life Insurance Co. NY purchased a new stake in PQ Group during the 4th quarter valued at about $269,000. New York State Common Retirement Fund purchased a new stake in PQ Group during the 1st quarter valued at about $278,000. Finally, Two Sigma Investments LP purchased a new stake in PQ Group during the 4th quarter valued at about $349,000. Institutional investors and hedge funds own 66.69% 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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Analyst Recommendations for PQ Group (NYSE:PQG)

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