Quaker Houghton (NYSE:KWR) Upgraded at Wall Street Zen

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

A number of other analysts have also recently issued reports on KWR. Royal Bank Of Canada decreased their target price on Quaker Houghton from $190.00 to $184.00 and set an “outperform” rating for the company in a report on Wednesday, February 25th. Jefferies Financial Group restated a “buy” rating and issued a $203.00 price target on shares of Quaker Houghton in a report on Thursday, February 26th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $193.50.

Quaker Houghton Trading Down 0.0%

Shares of KWR opened at $120.55 on Friday. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $183.01. The firm has a market capitalization of $2.09 billion, a P/E ratio of -1,004.46, a price-to-earnings-growth ratio of 0.74 and a beta of 1.43. The company has a current ratio of 2.42, a quick ratio of 1.72 and a debt-to-equity ratio of 0.61. The stock’s fifty day simple moving average is $145.61 and its 200 day simple moving average is $140.77.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06). The firm had revenue of $468.48 million for the quarter, compared to analysts’ expectations of $465.17 million. Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. Quaker Houghton’s revenue was up 5.5% on a year-over-year basis. During the same period last year, the firm posted $1.33 EPS. On average, equities research analysts forecast that Quaker Houghton will post 7.75 earnings per share for the current year.

Institutional Investors Weigh In On Quaker Houghton

Several institutional investors and hedge funds have recently modified their holdings of the stock. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of Quaker Houghton in the fourth quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Quaker Houghton during the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC boosted its holdings in Quaker Houghton by 284.8% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock worth $34,000 after acquiring an additional 225 shares during the period. Farther Finance Advisors LLC boosted its holdings in Quaker Houghton by 165.0% in the 4th quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock worth $37,000 after acquiring an additional 170 shares during the period. Finally, Smartleaf Asset Management LLC grew its position in Quaker Houghton by 87.1% in the third quarter. Smartleaf Asset Management LLC now owns 348 shares of the specialty chemicals company’s stock valued at $46,000 after acquiring an additional 162 shares in the last quarter. Hedge funds and other institutional investors own 77.46% of the company’s stock.

About Quaker Houghton

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.