Wall Street Zen Upgrades Quaker Houghton (NYSE:KWR) to “Buy”

Quaker Houghton (NYSE:KWR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Saturday.

A number of other analysts have also recently weighed in on the stock. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $190.00 target price on shares of Quaker Houghton in a research note on Wednesday, January 21st. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a research report on Thursday, November 20th. Three equities research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $158.67.

Quaker Houghton Price Performance

Quaker Houghton stock opened at $174.39 on Friday. The stock has a market capitalization of $3.02 billion, a P/E ratio of -355.90, a price-to-earnings-growth ratio of 1.64 and a beta of 1.35. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.77 and a current ratio of 2.47. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $183.01. The stock has a fifty day moving average of $155.53 and a 200-day moving average of $142.33.

Hedge Funds Weigh In On Quaker Houghton

Several institutional investors have recently modified their holdings of the company. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Quaker Houghton in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd bought a new position in Quaker Houghton in the third quarter worth about $28,000. TD Waterhouse Canada Inc. purchased a new stake in Quaker Houghton in the second quarter worth about $30,000. EverSource Wealth Advisors LLC grew its stake in Quaker Houghton by 284.8% in the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after purchasing an additional 225 shares during the period. Finally, Farther Finance Advisors LLC raised its holdings in Quaker Houghton by 165.0% in the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after purchasing an additional 170 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

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.