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

Quaker Chemical (NYSE:KWR) had its price target lowered by Royal Bank of Canada from $195.00 to $180.00 in a report released on Monday morning, Benzinga reports. The firm currently has an outperform rating on the specialty chemicals company’s stock.

A number of other equities research analysts have also recently issued reports on KWR. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

Quaker Chemical Trading Up 12.2 %

Quaker Chemical stock opened at $180.23 on Monday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The firm has a 50-day moving average of $162.90 and a 200-day moving average of $171.70. The company has a market cap of $3.21 billion, a price-to-earnings ratio of 26.43, a P/E/G ratio of 1.98 and a beta of 1.38. Quaker Chemical has a one year low of $151.31 and a one year high of $221.94.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million during the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 earnings per share. On average, equities analysts expect that Quaker Chemical will post 7.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Fifth Third Bancorp raised its holdings in Quaker Chemical by 36.8% in the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock valued at $49,000 after acquiring an additional 77 shares during the period. GAMMA Investing LLC increased its holdings in shares of Quaker Chemical by 105.3% during the third quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after purchasing an additional 80 shares during the period. Louisiana State Employees Retirement System increased its holdings in shares of Quaker Chemical by 1.4% during the second quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock worth $1,188,000 after purchasing an additional 100 shares during the period. Mackenzie Financial Corp increased its holdings in shares of Quaker Chemical by 6.6% during the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 110 shares during the period. Finally, Fidelis Capital Partners LLC bought a new position in shares of Quaker Chemical during the first quarter worth approximately $25,000. 77.46% of the stock is owned by institutional investors.

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.