PQ Group (NYSE:PQG) Downgraded by Zacks Investment Research

Share on StockTwits

PQ Group (NYSE:PQG) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Friday, Zacks.com reports.

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. “

PQ Group stock opened at $15.90 on Friday. PQ Group has a twelve month low of $13.28 and a twelve month high of $18.54. The stock’s 50 day moving average is $15.81. The company has a quick ratio of 1.09, a current ratio of 2.17 and a debt-to-equity ratio of 1.28. The firm has a market cap of $2.16 billion, a PE ratio of 18.28, a price-to-earnings-growth ratio of 1.19 and a beta of 0.68.

PQ Group (NYSE:PQG) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.13 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.01. PQ Group had a return on equity of 6.82% and a net margin of 3.83%. The company had revenue of $359.20 million during the quarter, compared to analysts’ expectations of $367.89 million. During the same period last year, the firm earned $0.16 EPS. The firm’s revenue for the quarter was down 1.9% on a year-over-year basis. As a group, equities analysts predict that PQ Group will post 0.82 EPS for the current year.

In other PQ Group news, insider Ray Kolberg sold 12,077 shares of the stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $15.87, for a total transaction of $191,661.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Shapiro Capital Management LLC lifted its holdings in shares of PQ Group by 11.7% in the 4th quarter. Shapiro Capital Management LLC now owns 4,001,646 shares of the company’s stock valued at $59,264,000 after buying an additional 417,954 shares during the period. BlackRock Inc. raised its holdings in PQ Group by 2.3% during the fourth quarter. BlackRock Inc. now owns 2,491,710 shares of the company’s stock worth $36,903,000 after purchasing an additional 55,150 shares during the last quarter. Boston Partners raised its holdings in PQ Group by 2.3% during the first quarter. Boston Partners now owns 2,186,449 shares of the company’s stock worth $33,168,000 after purchasing an additional 49,885 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in PQ Group by 65.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 656,680 shares of the company’s stock worth $9,726,000 after purchasing an additional 259,078 shares during the last quarter. Finally, Northern Trust Corp raised its holdings in PQ Group by 1.6% during the fourth quarter. Northern Trust Corp now owns 464,321 shares of the company’s stock worth $6,876,000 after purchasing an additional 7,316 shares during the last quarter. 68.85% of the stock is owned by institutional investors and hedge funds.

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.

Read More: What is included in the gross domestic product?

Get a free copy of the Zacks research report on PQ Group (PQG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Analyst Recommendations for PQ Group (NYSE:PQG)

Receive News & Ratings for PQ Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PQ Group and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Parsons  Lifted to Buy at Zacks Investment Research
Parsons Lifted to Buy at Zacks Investment Research
Amazon.com’s  Buy Rating Reiterated at Goldman Sachs Group
Amazon.com’s Buy Rating Reiterated at Goldman Sachs Group
Uniqure  Raised to “Buy” at Zacks Investment Research
Uniqure Raised to “Buy” at Zacks Investment Research
PQ Group  Downgraded by Zacks Investment Research
PQ Group Downgraded by Zacks Investment Research
Allianz  Given a €225.00 Price Target by Deutsche Bank Analysts
Allianz Given a €225.00 Price Target by Deutsche Bank Analysts
Repligen  Stock Rating Upgraded by Zacks Investment Research
Repligen Stock Rating Upgraded by Zacks Investment Research


© 2006-2019 Ticker Report