Quaker Chemical Corp. Coverage Initiated by Analysts at First Analysis (KWR)
First Analysis initiated coverage on shares of Quaker Chemical Corp. (NYSE:KWR) in a research note issued on Monday, Analyst RN reports. The firm set an “equal weight” rating on the stock.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group raised their price target on shares of Quaker Chemical Corp. from $76.00 to $86.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Sidoti downgraded shares of Quaker Chemical Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded down 0.45% on Monday, hitting $80.14. 39,272 shares of the company’s stock traded hands. Quaker Chemical Corp. has a one year low of $45.63 and a one year high of $80.76. The stock’s 50-day moving average is $71.17 and its 200-day moving average is $65.69. The company has a market cap of $1.055 billion and a P/E ratio of 19.71.
Quaker Chemical Corp. (NYSE:KWR) last posted its quarterly earnings results on Monday, July 29th. The company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.30. The company had revenue of $184.85 million for the quarter, compared to the consensus estimate of $181.20 million. During the same quarter in the previous year, the company posted $0.90 earnings per share. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, analysts predict that Quaker Chemical Corp. will post $3.78 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Investors of record on Thursday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, October 15th.
Quaker Chemical Corporation (NYSE:KWR) develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS).
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