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

Wall Street Zen upgraded shares of Quaker Houghton (NYSE:KWR) from a hold rating to a buy rating in a report issued on Saturday morning.

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

Quaker Houghton Price Performance

Shares of NYSE:KWR opened at $169.77 on Friday. The company has a quick ratio of 1.77, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.94 billion, a P/E ratio of -346.48, a PEG ratio of 1.64 and a beta of 1.35. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $183.01. The company has a 50-day moving average price of $156.15 and a 200 day moving average price of $142.88.

Quaker Houghton (NYSE:KWR) last released its earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.71 by ($0.06). The business had revenue of $468.48 million for the quarter, compared to analyst estimates of $465.17 million. Quaker Houghton had a positive return on equity of 8.64% and a negative net margin of 0.48%.The business’s revenue for the quarter was up 5.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.33 EPS. Research analysts predict 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 made changes to their positions in the business. Kohmann Bosshard Financial Services LLC acquired a new stake in Quaker Houghton in the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd purchased a new stake in shares of Quaker Houghton in the third quarter valued at about $28,000. TD Waterhouse Canada Inc. acquired a new stake in shares of Quaker Houghton in the second quarter valued at approximately $30,000. EverSource Wealth Advisors LLC increased its stake in shares of Quaker Houghton by 284.8% during the 2nd 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 in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in shares of Quaker Houghton by 165.0% during the 4th 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 hedge funds and other institutional investors.

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.