Quaker Chemical (NYSE:KWR) Price Target Raised to $200.00 at Piper Sandler

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

Other equities research analysts also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut their target price 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. StockNews.com cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Royal Bank of Canada dropped their price target on shares of Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th.

Quaker Chemical Price Performance

Shares of KWR opened at $173.13 on Friday. Quaker Chemical has a one year low of $151.31 and a one year high of $221.94. The stock’s fifty day moving average is $163.02 and its 200-day moving average is $171.18. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The firm has a market capitalization of $3.08 billion, a price-to-earnings ratio of 25.39, a price-to-earnings-growth ratio of 2.02 and a beta of 1.38.

Quaker Chemical (NYSE:KWR) last released its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing the consensus estimate of $2.08 by ($0.19). The company had revenue of $462.27 million for the quarter, compared to analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the previous year, the business posted $2.05 EPS. Equities analysts anticipate that Quaker Chemical will post 7.78 EPS for the current year.

Institutional Investors Weigh In On Quaker Chemical

Institutional investors and hedge funds have recently modified their holdings of the stock. First Pacific Financial acquired a new stake in shares of Quaker Chemical during the second quarter worth $25,000. GAMMA Investing LLC raised its holdings in Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying an additional 80 shares during the period. Fifth Third Bancorp lifted its stake in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after buying an additional 77 shares in the last quarter. KBC Group NV boosted its holdings in shares of Quaker Chemical by 50.9% in the third quarter. KBC Group NV now owns 525 shares of the specialty chemicals company’s stock worth $88,000 after buying an additional 177 shares during the period. Finally, nVerses Capital LLC purchased a new position in shares of Quaker Chemical in the second quarter worth approximately $136,000. Institutional investors and hedge funds own 77.46% of the company’s stock.

About Quaker Chemical

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.