Quaker Houghton (NYSE:KWR) Price Target Raised to $171.00

Quaker Houghton (NYSE:KWR) had its target price boosted by Royal Bank Of Canada from $149.00 to $171.00 in a research report sent to investors on Monday morning,Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

Other analysts have also issued research reports about the stock. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quaker Houghton in a report on Wednesday, October 8th. Zacks Research cut shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Quaker Houghton in a research note on Wednesday, August 13th. Three investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $152.33.

Quaker Houghton Price Performance

Shares of NYSE KWR opened at $134.50 on Monday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.87 and a current ratio of 2.56. Quaker Houghton has a fifty-two week low of $95.91 and a fifty-two week high of $180.96. The stock has a market cap of $2.34 billion, a PE ratio of -312.78, a price-to-earnings-growth ratio of 1.67 and a beta of 1.42. The stock has a fifty day moving average of $135.30 and a 200-day moving average of $123.60.

Quaker Houghton (NYSE:KWR) last issued its earnings results on Thursday, October 30th. The specialty chemicals company reported $2.08 EPS for the quarter, topping the consensus estimate of $1.94 by $0.14. Quaker Houghton had a positive return on equity of 8.35% and a negative net margin of 0.39%.The business had revenue of $493.84 million during the quarter, compared to the consensus estimate of $475.06 million. During the same quarter last year, the company earned $1.89 EPS. The firm’s revenue was up 6.8% compared to the same quarter last year. Equities research analysts anticipate that Quaker Houghton will post 7.75 earnings per share for the current year.

Hedge Funds Weigh In On Quaker Houghton

A number of large investors have recently modified their holdings of KWR. Wellington Management Group LLP purchased a new position in Quaker Houghton during the 1st quarter valued at about $23,190,000. Scopus Asset Management L.P. bought a new stake in shares of Quaker Houghton in the 2nd quarter worth approximately $9,353,000. Bastion Asset Management Inc. purchased a new position in shares of Quaker Houghton during the second quarter valued at approximately $6,559,000. Hosking Partners LLP raised its holdings in shares of Quaker Houghton by 97.5% during the third quarter. Hosking Partners LLP now owns 115,165 shares of the specialty chemicals company’s stock valued at $15,173,000 after acquiring an additional 56,865 shares in the last quarter. Finally, Raymond James Financial Inc. lifted its stake in Quaker Houghton by 26.6% in the first quarter. Raymond James Financial Inc. now owns 260,665 shares of the specialty chemicals company’s stock worth $32,221,000 after acquiring an additional 54,800 shares during the period. 77.46% of the stock is owned by hedge funds and other institutional investors.

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.