Today’s big question for investors is, “what’s going on with PQ Group Holdings Inc. (NYSE:PQG) stock? Its price is jumping 0.75 points, trading at $15.92 levels, and is up 4.94% from its previous close of $15.17. The shares seem to have an active trading volume day with a reported 22589 contracts so far this session. PQG shares had a relatively better volume day versus average trading capacity of 78.37 million shares, but with a 38.69 million float and a -2% run over a week, it’s definitely worth keeping an eye on. The one year price forecast for PQG stock indicates that the average analyst price target is $18.6 per share. This means the stock has a potential increase of 16.83% from where the PQG share price has been trading recently which is between $14.92 and $15.43.
During the recent trading session for PQ Group Holdings Inc. (NYSE:PQG), the company witnessed their stock rise $0.27 over a week and tumble down $-0.44 from the price 20 days ago. When compared to their established 52-week high of $17.59, the high they recorded in their recent session happens to be lower. Their established 52-week high was attained by the company on 02/21/19. The recent low of $13.18 stood for a -9.49% since 07/08/19, a data which is good for most investors who are looking to take advantage of the stock’s recent rise. A beta of 0 is also allocated to the stock. Since the beta is less than one, it implies that the stock is more volatile than the market, a data that traders are keeping close attention to.
Looking at the current readings for PQ Group Holdings Inc., the two-week RSI stands at 59.5. This figure suggests that PQG stock, for now, is neutral, meaning that the shares are stable in terms of price movement. The stochastic readings, on the other hand, based on the current PQG readings is similarly very revealing as it has a stochastic reading of 36.36% at this stage. This figure means that PQG share price today is being neutral.
Technical chart claims that PQ Group Holdings Inc. (PQG) would settle between $15.43/share to $15.68/share level. However, if the stock price goes below the $14.92 mark, then the market for PQ Group Holdings Inc. becomes much weaker. If that happens, the stock price might even plunge as low as $14.66 for its downside target. The stock is currently in the red zone of MACD, with the indicator reading -0.06. Traders are always alerted for the move of a stock above or below the zero line due to the fact that the reading is an indicator of the position of the short-term average relative to the long-term average. If the MACD is above the zero line, then the short-term average relative is above that of the long-term average, thus implying an upward momentum. Vice versa is the case if the MACD is below the zero line.
Analysts at JP Morgan lowered their recommendation on shares of PQG from Overweight to Neutral in their opinion released on August 10. JP Morgan analysts bumped their rating on PQ Group Holdings Inc. (NYSE:PQG) stock from Neutral to Overweight in a separate flash note issued to investors on May 17.
PQG equity has an average rating of 2, with the figure leaning towards a bullish end. 9 analysts who tracked the company were contacted by Reuters. Amongst them, 3 rated the stock as a hold while the remaining 6 were split even though not equally. Some analysts rate the stock as a buy or a strong buy while no rated it as a sell. 6 analysts rated PQ Group Holdings Inc. (NYSE:PQG) as a buy or a strong buy while not a single analyst advised that investors should desist from purchasing the stock or sell them if they already own the company’s stock.
Moving on, PQG stock price is currently trading at 14.6X forward 12-month Consensus EPS estimates, and its P/E ratio is 27.1 while for the average stock in the same group, the multiple is 22.1. PQ Group Holdings Inc. current P/B ratio of 1.2 means it is trading at a discount against its industry’s 3.9.
PQ Group Holdings Inc. (PQG)’s current-quarter revenues are projected to climb by nearly -0.4% to hit $425410, based on current consensus estimate. The firm’s full-year revenues are expected to expand by over -0.8% from $1.61 billion to a noteworthy $1.6 billion. At the other end of the current quarter income statement, PQ Group Holdings Inc. is expected to see its adjusted earnings surge by roughly 7.7% to hit $0.28 per share. For the fiscal year, PQG’s earnings are projected to climb by roughly 3.4% to hit $0.9 per share.