Shares of Quaker Chemical Corporation (NYSE:KWR) have earned a consensus recommendation of “Hold” from the six research firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $161.00.
Several brokerages recently issued reports on KWR. ValuEngine cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Friday. B. Riley set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a research note on Monday, November 20th. Zacks Investment Research cut Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday, November 9th. FBR & Co set a $165.00 target price on Quaker Chemical and gave the company a “hold” rating in a research note on Friday, October 27th. Finally, Jefferies Group reiterated a “hold” rating and issued a $153.00 target price on shares of Quaker Chemical in a research note on Sunday, September 3rd.
In other Quaker Chemical news, Director Mark Douglas sold 1,575 shares of the firm’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $164.23, for a total value of $258,662.25. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Ronald S. Ettinger sold 1,000 shares of the firm’s stock in a transaction on Tuesday, November 21st. The shares were sold at an average price of $162.75, for a total value of $162,750.00. The disclosure for this sale can be found here. Insiders sold 25,938 shares of company stock worth $4,081,305 over the last quarter. 3.60% of the stock is currently owned by company insiders.
Shares of Quaker Chemical (NYSE KWR) traded down $4.35 on Friday, reaching $160.43. The company had a trading volume of 82,002 shares, compared to its average volume of 57,600. Quaker Chemical has a 52-week low of $124.92 and a 52-week high of $165.93. The company has a market capitalization of $2,190.00, a PE ratio of 32.72, a PEG ratio of 2.98 and a beta of 1.36. The company has a debt-to-equity ratio of 0.16, a current ratio of 2.83 and a quick ratio of 2.25.
Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 26th. The specialty chemicals company reported $1.32 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.26 by $0.06. Quaker Chemical had a return on equity of 15.43% and a net margin of 5.93%. The firm had revenue of $212.90 million for the quarter, compared to analysts’ expectations of $200.71 million. During the same period last year, the business posted $1.25 earnings per share. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. sell-side analysts predict that Quaker Chemical will post 5 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 31st. Shareholders of record on Wednesday, January 17th will be paid a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date is Tuesday, January 16th. Quaker Chemical’s payout ratio is 39.66%.
COPYRIGHT VIOLATION NOTICE: “Quaker Chemical Corporation (KWR) Given Average Rating of “Hold” by Analysts” was first published by American Banking News and is owned by of American Banking News. If you are reading this news story on another domain, it was copied illegally and republished in violation of US and international copyright law. The legal version of this news story can be accessed at https://www.americanbankingnews.com/2017/12/01/quaker-chemical-corporation-kwr-given-average-rating-of-hold-by-analysts.html.
About Quaker Chemical
Quaker Chemical Corporation is a provider of process fluids, chemical specialties, and technical expertise to a range of industries, including steel, aluminum, mining, aerospace, tube and pipe, cans and others. The Company’s segments include North America, Europe, Middle East and Africa (EMEA), Asia/Pacific and South America.
Receive News & Ratings for Quaker Chemical Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Quaker Chemical Corporation and related companies with MarketBeat.com's FREE daily email newsletter.