Quaker Chemical (NYSE:KWR) Rating Increased to Buy at StockNews.com

Quaker Chemical (NYSE:KWR) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms also recently issued reports on KWR. Royal Bank of Canada dropped their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. Deutsche Bank Aktiengesellschaft dropped their target price on Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, August 26th.

Quaker Chemical Trading Up 1.7 %

Shares of NYSE KWR opened at $154.60 on Tuesday. Quaker Chemical has a twelve month low of $140.63 and a twelve month high of $221.94. The firm has a market cap of $2.78 billion, a PE ratio of 22.47, a price-to-earnings-growth ratio of 1.84 and a beta of 1.37. The business has a fifty day simple moving average of $163.41 and a two-hundred day simple moving average of $172.77. The company has a quick ratio of 1.94, a current ratio of 2.63 and a debt-to-equity ratio of 0.50.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 earnings per share for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The firm had revenue of $463.57 million during the quarter, compared to the consensus estimate of $493.68 million. During the same quarter in the previous year, the firm earned $1.93 earnings per share. The business’s revenue was down 6.4% compared to the same quarter last year. Analysts expect that Quaker Chemical will post 8.18 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Fidelis Capital Partners LLC acquired a new stake in Quaker Chemical in the first quarter valued at approximately $25,000. First Pacific Financial acquired a new stake in shares of Quaker Chemical in the 2nd quarter worth $25,000. GAMMA Investing LLC grew its stake in Quaker Chemical by 105.3% during the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock worth $26,000 after buying 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 valued at $49,000 after buying an additional 77 shares in the last quarter. Finally, nVerses Capital LLC purchased a new stake in Quaker Chemical in the second quarter valued at about $136,000. Institutional investors 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.