Royal Bank of Canada Lowers Quaker Chemical (NYSE:KWR) Price Target to $180.00

Quaker Chemical (NYSE:KWR) had its price objective cut by research analysts at Royal Bank of Canada from $195.00 to $180.00 in a note issued to investors on Monday, Benzinga reports. The firm currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s target price indicates a potential upside of 12.02% from the stock’s current price.

A number of other brokerages also recently issued reports on KWR. Deutsche Bank Aktiengesellschaft dropped their price objective on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Monday. StockNews.com raised Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

Quaker Chemical Stock Up 0.3 %

Shares of NYSE:KWR opened at $160.69 on Monday. The company has a market capitalization of $2.86 billion, a price-to-earnings ratio of 23.56, a P/E/G ratio of 1.92 and a beta of 1.38. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The business’s 50-day moving average is $162.71 and its 200-day moving average is $171.85. Quaker Chemical has a 1 year low of $151.31 and a 1 year high of $221.94.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (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 firm’s revenue for the quarter was down 5.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 earnings per share. Equities research analysts predict that Quaker Chemical will post 8.18 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Lord Abbett & CO. LLC purchased a new stake in shares of Quaker Chemical in the first quarter worth approximately $5,082,000. 1832 Asset Management L.P. raised its stake in shares of Quaker Chemical by 46.3% in the first quarter. 1832 Asset Management L.P. now owns 32,570 shares of the specialty chemicals company’s stock worth $6,685,000 after purchasing an additional 10,310 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in shares of Quaker Chemical by 3.3% in the first quarter. Price T Rowe Associates Inc. MD now owns 108,122 shares of the specialty chemicals company’s stock worth $22,193,000 after purchasing an additional 3,441 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Quaker Chemical by 64.1% in the first quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company’s stock worth $5,012,000 after purchasing an additional 9,535 shares during the last quarter. Finally, Harbor Capital Advisors Inc. raised its stake in shares of Quaker Chemical by 374.3% in the second quarter. Harbor Capital Advisors Inc. now owns 4,183 shares of the specialty chemicals company’s stock worth $710,000 after purchasing an additional 3,301 shares during the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

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.