Quaker Chemical (NYSE:KWR - Get Free Report) had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $190.00 to $182.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm presently has a "buy" rating on the specialty chemicals company's stock. Deutsche Bank Aktiengesellschaft's price objective points to a potential upside of 13.57% from the stock's previous close.
Several other equities analysts also recently issued reports on the stock. StockNews.com raised shares of Quaker Chemical from a "hold" rating to a "buy" rating in a report on Tuesday, October 29th. Royal Bank of Canada dropped their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an "outperform" rating for the company in a research note on Thursday, August 8th.
View Our Latest Report on KWR
Quaker Chemical Price Performance
Shares of NYSE:KWR traded down $0.84 during midday trading on Monday, reaching $160.25. 142,137 shares of the company's stock were exchanged, compared to its average volume of 94,579. The company's 50 day simple moving average is $162.87 and its two-hundred day simple moving average is $172.04. The firm has a market capitalization of $2.88 billion, a PE ratio of 23.48, a price-to-earnings-growth ratio of 1.81 and a beta of 1.38. Quaker Chemical has a 12 month low of $151.31 and a 12 month high of $221.94. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.94 and a current ratio of 2.63.
Quaker Chemical (NYSE:KWR - Get Free Report) last announced its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.08 by ($0.19). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.20%. The firm had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. During the same period in the prior year, the business earned $2.05 earnings per share. The company's revenue for the quarter was down 5.8% on a year-over-year basis. Equities research analysts expect that Quaker Chemical will post 8.18 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Quaker Chemical
A number of institutional investors and hedge funds have recently modified their holdings of KWR. Lord Abbett & CO. LLC acquired a new position in Quaker Chemical during the first quarter valued at approximately $5,082,000. 1832 Asset Management L.P. grew its holdings in Quaker Chemical by 46.3% during the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company's stock valued at $6,685,000 after purchasing an additional 10,310 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in Quaker Chemical by 3.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company's stock valued at $22,193,000 after purchasing an additional 3,441 shares during the period. Mutual of America Capital Management LLC grew its holdings in Quaker Chemical by 64.1% during the first quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company's stock valued at $5,012,000 after purchasing an additional 9,535 shares during the period. Finally, Harbor Capital Advisors Inc. grew its holdings in Quaker Chemical by 374.3% during the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company's stock valued at $710,000 after purchasing an additional 3,301 shares during the period. 77.46% of the stock is owned by institutional investors.
Quaker Chemical Company Profile
(
Get Free Report)
Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.
Recommended Stories
Before you consider Quaker Chemical, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Quaker Chemical wasn't on the list.
While Quaker Chemical currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.