Royal Bank Of Canada Lowers Quaker Houghton (NYSE:KWR) Price Target to $151.00

Quaker Houghton (NYSE:KWR) had its price objective dropped by Royal Bank Of Canada from $184.00 to $151.00 in a research report issued on Friday, Marketbeat reports. The brokerage currently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s price target suggests a potential upside of 7.06% from the stock’s current price.

A number of other brokerages also recently weighed in on KWR. Jefferies Financial Group dropped their price objective on Quaker Houghton from $203.00 to $175.00 and set a “buy” rating on the stock in a research report on Monday, April 6th. Zacks Research downgraded shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a report on Wednesday. Wall Street Zen lowered shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Finally, Seaport Research Partners upgraded shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 price target on the stock in a report on Friday, April 17th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $163.00.

Quaker Houghton Trading Up 1.9%

NYSE KWR opened at $141.05 on Friday. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of -1,175.28, a price-to-earnings-growth ratio of 0.87 and a beta of 1.43. The company’s 50-day simple moving average is $135.77 and its two-hundred day simple moving average is $140.59. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.72 and a current ratio of 2.42. Quaker Houghton has a one year low of $99.18 and a one year high of $183.01.

Quaker Houghton (NYSE:KWR) last posted its earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share for the quarter, missing analysts’ consensus estimates of $1.71 by ($0.06). Quaker Houghton had a positive return on equity of 8.99% and a negative net margin of 0.13%.The company had revenue of $468.48 million for the quarter, compared to analysts’ expectations of $465.17 million. During the same quarter in the prior year, the company earned $1.33 EPS. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. Equities analysts forecast that Quaker Houghton will post 7.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Quaker Houghton

Several institutional investors have recently added to or reduced their stakes in KWR. Victory Capital Management Inc. raised its position in shares of Quaker Houghton by 1,897.7% in the 3rd quarter. Victory Capital Management Inc. now owns 321,637 shares of the specialty chemicals company’s stock valued at $42,376,000 after purchasing an additional 305,537 shares during the last quarter. Cramer Rosenthal Mcglynn LLC purchased a new stake in Quaker Houghton during the 3rd quarter worth approximately $5,035,000. New York State Common Retirement Fund increased its stake in Quaker Houghton by 10.4% during the 3rd quarter. New York State Common Retirement Fund now owns 87,777 shares of the specialty chemicals company’s stock valued at $11,565,000 after purchasing an additional 8,271 shares in the last quarter. Dean Capital Management increased its stake in Quaker Houghton by 163.4% during the 3rd quarter. Dean Capital Management now owns 31,349 shares of the specialty chemicals company’s stock valued at $4,130,000 after purchasing an additional 19,446 shares in the last quarter. Finally, William Blair Investment Management LLC acquired a new position in Quaker Houghton during the 3rd quarter valued at approximately $46,331,000. Institutional investors and hedge funds 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.