Somewhat Positive Press Coverage Somewhat Likely to Impact PQ Group (PQG) Stock Price

News articles about PQ Group (NYSE:PQG) have trended somewhat positive this week, Accern reports. The research group rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. PQ Group earned a daily sentiment score of 0.13 on Accern’s scale. Accern also gave media coverage about the company an impact score of 50.8937178998448 out of 100, indicating that recent news coverage is somewhat likely to have an impact on the company’s share price in the near future.

A number of brokerages have recently issued reports on PQG. Evercore ISI began coverage on PQ Group in a research note on Tuesday, October 24th. They issued an “outperform” rating and a $19.50 price target on the stock. Morgan Stanley initiated coverage on PQ Group in a research note on Tuesday, October 24th. They issued an “equal weight” rating and a $19.00 price target on the stock. Nomura initiated coverage on PQ Group in a research report on Tuesday, October 24th. They set a “buy” rating and a $20.00 price objective on the stock. Credit Suisse Group initiated coverage on PQ Group in a research report on Tuesday, October 24th. They set an “outperform” rating and a $21.00 price objective on the stock. Finally, Deutsche Bank reduced their price objective on PQ Group from $20.00 to $19.00 and set a “buy” rating on the stock in a research report on Thursday, November 16th. Three equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $19.75.

PQ Group (PQG) opened at $16.40 on Wednesday. PQ Group has a 1 year low of $14.65 and a 1 year high of $17.65. The company has a market capitalization of $2,220.00 and a P/E ratio of 410.00. The company has a debt-to-equity ratio of 2.40, a quick ratio of 1.04 and a current ratio of 1.84.

PQ Group (NYSE:PQG) last announced its quarterly earnings data on Monday, November 13th. The company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.03. The company had revenue of $391.80 million for the quarter, compared to analysts’ expectations of $393.86 million. During the same quarter in the previous year, the business posted $0.12 EPS. The business’s quarterly revenue was up 5.9% compared to the same quarter last year. analysts forecast that PQ Group will post 0.48 EPS for the current year.

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About PQ Group

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.

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