Quaker Chemical (NYSE:KWR) Given New $200.00 Price Target at Piper Sandler

Quaker Chemical (NYSE:KWR) had its target price lifted by Piper Sandler from $190.00 to $200.00 in a research note issued to investors on Friday morning,Benzinga reports. The firm currently has an overweight rating on the specialty chemicals company’s stock.

Several other research analysts have also issued reports on the company. Royal Bank of Canada reduced their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday, November 4th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday, November 4th. Finally, StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday.

Quaker Chemical Trading Up 0.0 %

KWR traded up $0.05 on Friday, hitting $169.95. The company had a trading volume of 134,306 shares, compared to its average volume of 95,552. Quaker Chemical has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The business’s fifty day simple moving average is $162.94 and its 200 day simple moving average is $171.55. The company has a market cap of $3.02 billion, a PE ratio of 24.94, a PEG ratio of 2.15 and a beta of 1.38.

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

Institutional Trading of Quaker Chemical

Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Quaker Chemical by 0.5% in the first quarter. Vanguard Group Inc. now owns 1,607,511 shares of the specialty chemicals company’s stock valued at $329,942,000 after acquiring an additional 8,484 shares during the period. Royce & Associates LP increased its holdings in shares of Quaker Chemical by 5.3% during the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock valued at $73,176,000 after purchasing an additional 21,986 shares in the last quarter. Copeland Capital Management LLC boosted its holdings in Quaker Chemical by 0.7% during the third quarter. Copeland Capital Management LLC now owns 388,719 shares of the specialty chemicals company’s stock worth $65,495,000 after buying an additional 2,592 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Quaker Chemical by 14.8% during the second quarter. Dimensional Fund Advisors LP now owns 359,617 shares of the specialty chemicals company’s stock valued at $61,027,000 after buying an additional 46,240 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its holdings in Quaker Chemical by 39.2% in the third quarter. Allspring Global Investments Holdings LLC now owns 311,865 shares of the specialty chemicals company’s stock valued at $52,546,000 after buying an additional 87,857 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

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.