Royal Bank of Canada Cuts Quaker Chemical (NYSE:KWR) Price Target to $180.00

Quaker Chemical (NYSE:KWR) had its price objective cut by Royal Bank of Canada from $195.00 to $180.00 in a research note published on Monday morning,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Other analysts have also issued reports about the company. Deutsche Bank Aktiengesellschaft lowered their price target on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

Quaker Chemical Stock Down 5.9 %

Quaker Chemical stock opened at $169.75 on Monday. The stock has a market capitalization of $3.02 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38. Quaker Chemical has a 12 month low of $151.31 and a 12 month high of $221.94. The business has a 50 day simple moving average of $162.92 and a 200-day simple moving average of $171.68. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88.

Quaker Chemical (NYSE:KWR) last posted 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). The business had revenue of $462.27 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. On average, analysts anticipate that Quaker Chemical will post 7.88 EPS for the current fiscal year.

Hedge Funds Weigh In On Quaker Chemical

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Quest Partners LLC boosted its stake in Quaker Chemical by 29.4% during the third quarter. Quest Partners LLC now owns 16,203 shares of the specialty chemicals company’s stock worth $2,730,000 after buying an additional 3,683 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Quaker Chemical by 108.3% during the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock worth $9,588,000 after buying an additional 29,584 shares during the last quarter. Seizert Capital Partners LLC boosted its stake in Quaker Chemical by 122.7% during the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock worth $3,381,000 after buying an additional 11,058 shares during the last quarter. Natixis Advisors LLC acquired a new position in Quaker Chemical during the third quarter worth $2,488,000. Finally, Royce & Associates LP boosted its stake in Quaker Chemical by 5.3% during the third quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock worth $73,176,000 after buying an additional 21,986 shares during the last quarter. 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.