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

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

KWR has been the subject of several other reports. StockNews.com lowered Quaker Chemical from a “buy” rating to a “hold” rating in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft cut their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Monday, November 4th. Finally, Royal Bank of Canada reduced their price target on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating for the company in a report on Monday, November 4th.

Quaker Chemical Trading Up 1.9 %

Shares of NYSE KWR opened at $173.13 on Friday. The firm has a market capitalization of $3.08 billion, a PE ratio of 25.39, a PEG ratio of 2.02 and a beta of 1.38. Quaker Chemical has a one year low of $151.31 and a one year high of $221.94. 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 business has a 50-day moving average price of $163.02 and a two-hundred day moving average price of $171.18.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates 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 posted $2.05 earnings per share. The business’s revenue for the quarter was down 5.8% on a year-over-year basis. As a group, analysts predict that Quaker Chemical will post 7.78 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Quaker Chemical

Several hedge funds have recently bought and sold shares of KWR. BNP Paribas Financial Markets boosted its stake in shares of Quaker Chemical by 22.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,072 shares of the specialty chemicals company’s stock worth $4,120,000 after acquiring an additional 3,632 shares in the last quarter. GSA Capital Partners LLP acquired a new position in Quaker Chemical during the first quarter valued at approximately $706,000. Texas Permanent School Fund Corp grew its holdings in Quaker Chemical by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 12,120 shares of the specialty chemicals company’s stock valued at $2,488,000 after purchasing an additional 156 shares during the last quarter. Illinois Municipal Retirement Fund raised its position in shares of Quaker Chemical by 3.1% in the first quarter. Illinois Municipal Retirement Fund now owns 7,983 shares of the specialty chemicals company’s stock valued at $1,639,000 after purchasing an additional 243 shares during the period. Finally, Sei Investments Co. lifted its stake in shares of Quaker Chemical by 4.4% in the first quarter. Sei Investments Co. now owns 18,953 shares of the specialty chemicals company’s stock worth $3,891,000 after buying an additional 806 shares during the last quarter. 77.46% of the stock is 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.