PQ Group (NYSE:PQG) Cut to Neutral at Citigroup

Citigroup lowered shares of PQ Group (NYSE:PQG) from a buy rating to a neutral rating in a report published on Tuesday morning, Benzinga reports. Citigroup currently has $18.00 target price on the stock, down from their previous target price of $19.00.

A number of other analysts also recently issued reports on the company. Zacks Investment Research upgraded PQ Group from a sell rating to a hold rating in a research report on Tuesday, January 7th. TheStreet downgraded PQ Group from a b- rating to a c rating in a research report on Thursday, October 24th. Goldman Sachs Group downgraded PQ Group from a neutral rating to a sell rating in a research report on Wednesday, November 27th. CL King started coverage on PQ Group in a research report on Wednesday, December 18th. They issued a buy rating for the company. Finally, Craig Hallum started coverage on PQ Group in a research report on Wednesday, December 18th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The company currently has an average rating of Hold and a consensus target price of $17.75.

Shares of PQG traded up $0.19 during trading hours on Tuesday, reaching $15.28. 970 shares of the company’s stock traded hands, compared to its average volume of 74,510. The stock has a market cap of $2.06 billion, a PE ratio of 23.20, a price-to-earnings-growth ratio of 1.17 and a beta of 0.78. The company has a current ratio of 2.25, a quick ratio of 1.26 and a debt-to-equity ratio of 1.18. The firm’s 50 day simple moving average is $16.29 and its 200-day simple moving average is $15.74. PQ Group has a 12 month low of $13.18 and a 12 month high of $17.59.

A number of large investors have recently added to or reduced their stakes in PQG. Russell Investments Group Ltd. bought a new stake in PQ Group in the 4th quarter worth approximately $27,000. New York State Teachers Retirement System bought a new stake in PQ Group in the 4th quarter worth approximately $38,000. Great West Life Assurance Co. Can bought a new stake in PQ Group in the 4th quarter worth approximately $39,000. Bank of Montreal Can lifted its position in PQ Group by 50.6% in the 4th quarter. Bank of Montreal Can now owns 5,004 shares of the company’s stock worth $86,000 after buying an additional 1,681 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in PQ Group in the fourth quarter valued at approximately $139,000. Institutional investors own 68.69% 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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