Royal Bank Of Canada Lowers Quaker Houghton (NYSE:KWR) Price Target to $184.00

Quaker Houghton (NYSE:KWR) had its target price dropped by equities researchers at Royal Bank Of Canada from $190.00 to $184.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price objective points to a potential upside of 24.09% from the company’s current price.

Several other brokerages have also recently commented on KWR. Zacks Research upgraded Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a report on Saturday, February 21st. Three equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Quaker Houghton has an average rating of “Hold” and a consensus target price of $175.67.

Quaker Houghton Stock Performance

NYSE KWR opened at $148.28 on Wednesday. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -1,235.56, a PEG ratio of 1.41 and a beta of 1.35. The company has a 50 day moving average of $156.85 and a 200-day moving average of $143.18. The company has a current ratio of 2.42, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. Quaker Houghton has a 1-year low of $95.91 and a 1-year high of $183.01.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 EPS for the quarter, missing the consensus estimate of $1.71 by ($0.06). Quaker Houghton had a positive return on equity of 8.99% and a negative net margin of 0.13%.The business had revenue of $468.48 million during the quarter, compared to analyst estimates of $465.17 million. During the same period in the previous year, the firm earned $1.33 earnings per share. The firm’s revenue was up 5.5% compared to the same quarter last year. On average, equities analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current fiscal year.

Institutional Trading of Quaker Houghton

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KWR. Kohmann Bosshard Financial Services LLC acquired a new position in Quaker Houghton during the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Quaker Houghton in the third quarter valued at approximately $28,000. TD Waterhouse Canada Inc. bought a new position in Quaker Houghton in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC grew its holdings in Quaker Houghton by 284.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 225 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Quaker Houghton by 165.0% during the 4th quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 170 shares during the period. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.