Quaker Chemical (NYSE:KWR) Price Target Lowered to $169.00 at Royal Bank of Canada

Quaker Chemical (NYSE:KWR - Get Free Report) had its price target decreased by Royal Bank of Canada from $172.00 to $169.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank of Canada's price target would indicate a potential upside of 21.57% from the stock's previous close.

A number of other equities research analysts have also recently commented on the company. Piper Sandler restated a "neutral" rating and set a $170.00 target price (down from $200.00) on shares of Quaker Chemical in a research report on Tuesday, January 7th. Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $190.00 to $182.00 and set a "buy" rating on the stock in a research report on Monday, November 4th. Finally, StockNews.com upgraded Quaker Chemical from a "hold" rating to a "buy" rating in a research report on Thursday, November 28th.

Quaker Chemical Stock Performance

Shares of NYSE KWR traded down $0.01 during trading on Wednesday, reaching $139.01. 147,589 shares of the company traded hands, compared to its average volume of 150,654. The firm's fifty day simple moving average is $138.20 and its 200 day simple moving average is $153.45. The stock has a market cap of $2.46 billion, a P/E ratio of 20.38, a PEG ratio of 1.62 and a beta of 1.39. Quaker Chemical has a 12-month low of $124.66 and a 12-month high of $207.83. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

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Quaker Chemical (NYSE:KWR - Get Free Report) last posted its earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 EPS for the quarter, missing analysts' consensus estimates of $1.62 by ($0.29). Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business had revenue of $444.09 million for the quarter, compared to analyst estimates of $430.47 million. During the same quarter last year, the business earned $1.78 earnings per share. As a group, research analysts anticipate that Quaker Chemical will post 7.75 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quaker Chemical

Several institutional investors have recently bought and sold shares of KWR. TD Waterhouse Canada Inc. acquired a new position in shares of Quaker Chemical during the 4th quarter worth approximately $26,000. Kohmann Bosshard Financial Services LLC acquired a new position in shares of Quaker Chemical during the 4th quarter worth approximately $58,000. KBC Group NV boosted its holdings in shares of Quaker Chemical by 50.9% during the 3rd quarter. KBC Group NV now owns 525 shares of the specialty chemicals company's stock worth $88,000 after purchasing an additional 177 shares during the last quarter. Covestor Ltd boosted its holdings in shares of Quaker Chemical by 24.8% during the 4th quarter. Covestor Ltd now owns 665 shares of the specialty chemicals company's stock worth $94,000 after purchasing an additional 132 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. boosted its holdings in shares of Quaker Chemical by 100.0% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 906 shares of the specialty chemicals company's stock worth $153,000 after purchasing an additional 453 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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.