Royal Bank Of Canada Issues Positive Forecast for Quaker Houghton (NYSE:KWR) Stock Price

Quaker Houghton (NYSE:KWR - Get Free Report) had its price objective hoisted by equities researchers at Royal Bank Of Canada from $149.00 to $171.00 in a research note issued on Monday,Benzinga reports. The firm presently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's target price would suggest a potential upside of 29.49% from the company's current price.

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Several other research analysts have also recently weighed in on KWR. Zacks Research cut Quaker Houghton from a "hold" rating to a "strong sell" rating in a research report on Wednesday, October 22nd. Weiss Ratings reiterated a "sell (d)" rating on shares of Quaker Houghton in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Quaker Houghton in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, Quaker Houghton currently has an average rating of "Hold" and an average target price of $159.75.

Check Out Our Latest Report on KWR

Quaker Houghton Stock Performance

KWR traded down $6.84 during trading hours on Monday, reaching $132.06. The company's stock had a trading volume of 15,592 shares, compared to its average volume of 158,069. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56. The company's 50-day moving average is $136.03 and its 200-day moving average is $123.10. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $180.96. The firm has a market cap of $2.30 billion, a PE ratio of -306.83, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42.

Quaker Houghton (NYSE:KWR - Get Free Report) last posted its earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.14. The company had revenue of $493.84 million during the quarter, compared to analysts' expectations of $475.06 million. Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. Quaker Houghton's quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter last year, the company posted $1.89 EPS. On average, equities analysts forecast that Quaker Houghton will post 7.75 EPS for the current year.

Hedge Funds Weigh In On Quaker Houghton

Institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC grew its stake in shares of Quaker Houghton by 390.5% in the 1st quarter. GAMMA Investing LLC now owns 363 shares of the specialty chemicals company's stock valued at $45,000 after buying an additional 289 shares during the period. First Horizon Advisors Inc. raised its position in shares of Quaker Houghton by 400.0% during the first quarter. First Horizon Advisors Inc. now owns 230 shares of the specialty chemicals company's stock worth $28,000 after purchasing an additional 184 shares during the period. Teacher Retirement System of Texas acquired a new stake in Quaker Houghton in the 1st quarter valued at $257,000. Principal Financial Group Inc. increased its stake in Quaker Houghton by 3.0% during the 1st quarter. Principal Financial Group Inc. now owns 75,954 shares of the specialty chemicals company's stock valued at $9,389,000 after purchasing an additional 2,193 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Quaker Houghton by 2.5% during the first quarter. Bank of New York Mellon Corp now owns 126,795 shares of the specialty chemicals company's stock worth $15,673,000 after buying an additional 3,139 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

Quaker Houghton 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.

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