Piper Sandler Issues Positive Forecast for Quaker Chemical (NYSE:KWR) Stock Price

Quaker Chemical (NYSE:KWR) had its price objective raised by Piper Sandler from $190.00 to $200.00 in a research report sent to investors on Friday morning,Benzinga reports. They currently have an overweight rating on the specialty chemicals company’s stock.

KWR has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research note on Monday, November 4th. Finally, StockNews.com lowered shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday.

Quaker Chemical Stock Performance

Shares of NYSE:KWR traded up $0.05 during midday trading on Friday, reaching $169.95. 134,306 shares of the company’s stock traded hands, compared to its average volume of 95,552. Quaker Chemical has a one year low of $151.31 and a one year high of $221.94. The stock has a 50 day moving average of $162.94 and a 200 day moving average of $171.55. The company has a market cap of $3.02 billion, a price-to-earnings ratio of 24.94, a P/E/G ratio of 2.15 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share 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 company had revenue of $462.27 million for the quarter, compared to analysts’ expectations of $469.17 million. During the same period in the previous year, the firm earned $2.05 earnings per share. The firm’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, equities research analysts anticipate that Quaker Chemical will post 7.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Quaker Chemical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC bought a new stake in shares of Quaker Chemical during the 1st quarter valued at $5,082,000. 1832 Asset Management L.P. raised 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 acquiring an additional 10,310 shares during the period. Price T Rowe Associates Inc. MD lifted its position in shares of Quaker Chemical by 3.3% in 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 acquiring an additional 3,441 shares in the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Quaker Chemical by 112.8% in the third quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after acquiring an additional 4,720 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Quaker Chemical by 0.5% during 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. Institutional investors 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.