Quaker Chemical (NYSE:KWR) Stock Price Expected to Rise, Piper Sandler Analyst Says

Quaker Chemical (NYSE:KWR - Free Report) had its target price hoisted by Piper Sandler from $190.00 to $200.00 in a research report released on Friday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company's stock.

A number of other equities analysts also recently weighed in on KWR. StockNews.com downgraded Quaker Chemical from a "buy" rating to a "hold" rating in a report on Thursday. Royal Bank of Canada decreased their target price on shares of Quaker Chemical from $195.00 to $180.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a research note on Monday.

Quaker Chemical Trading Up 0.0 %

Shares of KWR traded up $0.05 during midday trading on Friday, hitting $169.95. The stock had a trading volume of 112,101 shares, compared to its average volume of 95,449. Quaker Chemical has a fifty-two week low of $151.31 and a fifty-two week high of $221.94. The business has a 50-day simple moving average of $162.92 and a two-hundred day simple moving average of $171.68. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48. The firm has a market cap of $3.02 billion, a P/E ratio of 24.85, a price-to-earnings-growth ratio of 2.15 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last announced its 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 10.10%. The firm had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. During the same period last year, the firm earned $2.05 earnings per share. Quaker Chemical's revenue for the quarter was down 5.8% compared to the same quarter last year. As a group, equities analysts forecast that Quaker Chemical will post 7.88 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company's stock worth $329,942,000 after purchasing an additional 8,484 shares in the last quarter. Royce & Associates LP lifted its holdings in Quaker Chemical by 5.3% in the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company's stock worth $73,176,000 after purchasing an additional 21,986 shares during the last quarter. Copeland Capital Management LLC boosted its position in Quaker Chemical by 0.7% during the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company's stock worth $65,495,000 after purchasing an additional 2,592 shares during the period. Dimensional Fund Advisors LP boosted its position in Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company's stock worth $61,027,000 after purchasing an additional 46,240 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in shares of Quaker Chemical by 39.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company's stock valued at $52,546,000 after purchasing an additional 87,857 shares during the period. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Chemical Company Profile

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.