Quaker Chemical (NYSE:KWR) Raised to “Buy” at StockNews.com

StockNews.com upgraded shares of Quaker Chemical (NYSE:KWR) from a hold rating to a buy rating in a research note released on Tuesday.

A number of other research analysts have also recently commented on the stock. Royal Bank of Canada reduced their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research report on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, August 26th.

Quaker Chemical Stock Performance

Shares of KWR stock opened at $151.78 on Tuesday. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50. The company has a market cap of $2.73 billion, a PE ratio of 22.06, a P/E/G ratio of 1.84 and a beta of 1.37. The company’s fifty day simple moving average is $163.22 and its 200-day simple moving average is $172.65. Quaker Chemical has a 52 week low of $140.63 and a 52 week high of $221.94.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The company had revenue of $463.57 million during the quarter, compared to analysts’ expectations of $493.68 million. During the same period last year, the business earned $1.93 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Quaker Chemical will post 8.18 EPS for the current year.

Institutional Trading of Quaker Chemical

A number of hedge funds have recently made changes to their positions in the stock. Fidelis Capital Partners LLC bought a new position in Quaker Chemical during the 1st quarter valued at $25,000. First Pacific Financial acquired a new position in Quaker Chemical in the second quarter worth about $25,000. GAMMA Investing LLC increased its holdings in Quaker Chemical by 105.3% in the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after buying an additional 80 shares during the last quarter. Fifth Third Bancorp lifted its holdings in Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares during the last quarter. Finally, nVerses Capital LLC bought a new position in Quaker Chemical during the 2nd quarter worth approximately $136,000. 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.