PQ Group (NYSE:PQG) PT Lowered to $19.00 at Deutsche Bank

PQ Group (NYSE:PQG) had its price target lowered by Deutsche Bank from $20.00 to $19.00 in a research note released on Thursday, November 16th. Deutsche Bank currently has a buy rating on the stock.

PQG has been the topic of a number of other research reports. KeyCorp initiated coverage on PQ Group in a research note on Tuesday, October 24th. They set an overweight rating and a $21.00 price target on the stock. Evercore ISI initiated coverage on PQ Group in a research note on Tuesday, October 24th. They set an outperform rating and a $19.50 price target on the stock. Jefferies Group initiated coverage on PQ Group in a research note on Tuesday, October 24th. They set a buy rating and a $23.00 price target on the stock. Nomura started coverage on PQ Group in a research note on Tuesday, October 24th. They set a buy rating and a $20.00 price target on the stock. Finally, Morgan Stanley started coverage on PQ Group in a research note on Tuesday, October 24th. They issued an equal weight rating and a $19.00 target price on the stock. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of Buy and an average target price of $19.75.

Shares of PQ Group (PQG) opened at $16.59 on Thursday. The company has a quick ratio of 1.04, a current ratio of 1.84 and a debt-to-equity ratio of 2.40. PQ Group has a 12-month low of $14.65 and a 12-month high of $17.65.

PQ Group (NYSE:PQG) last posted its quarterly earnings results on Monday, November 13th. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.08 by $0.03. The company had revenue of $391.80 million during the quarter, compared to analyst estimates of $393.86 million. PQ Group’s revenue for the quarter was up 5.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.12 EPS. analysts anticipate that PQ Group will post 0.48 EPS for the current year.

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PQ Group Company Profile

PQ Group Holdings Inc is a global provider of catalysts, specialty materials, chemicals and services that enable environmental improvements. The Company’s products and solutions help companies produce vehicles with fuel efficiency. The Company has developed zeolite-based catalysts to reduce pollutants in diesel engines.

Analyst Recommendations for PQ Group (NYSE:PQG)

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