Quaker Chemical (NYSE:KWR) Price Target Cut to $180.00 by Analysts at Royal Bank of Canada

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

KWR has been the subject of several other reports. Deutsche Bank Aktiengesellschaft cut their price target on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a report on Monday. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a report on Tuesday, October 29th.

Quaker Chemical Stock Performance

Shares of Quaker Chemical stock traded down $1.87 on Monday, hitting $158.38. The stock had a trading volume of 3,025 shares, compared to its average volume of 94,151. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 23.50, a P/E/G ratio of 1.92 and a beta of 1.38. Quaker Chemical has a 52-week low of $151.31 and a 52-week high of $221.94. The company’s 50 day moving average price is $162.71 and its 200 day moving average price is $171.85. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last announced its earnings results 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 analyst estimates of $469.17 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. The business’s revenue was down 5.8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. On average, research analysts anticipate that Quaker Chemical will post 8.18 EPS for the current year.

Hedge Funds Weigh In On Quaker Chemical

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Fidelis Capital Partners LLC acquired a new position in shares of Quaker Chemical during the 1st quarter worth approximately $25,000. First Pacific Financial purchased a new stake in shares of Quaker Chemical in the second quarter valued at $25,000. GAMMA Investing LLC boosted its stake 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 valued at $26,000 after acquiring an additional 80 shares during the last quarter. Fifth Third Bancorp increased its position in Quaker Chemical by 36.8% during the 2nd quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 77 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Quaker Chemical during the 2nd quarter worth about $136,000. 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.