Quaker Houghton (NYSE:KWR) Stock Price Expected to Rise, Truist Financial Analyst Says

Quaker Houghton (NYSE:KWR) had its price objective increased by analysts at Truist Financial from $190.00 to $192.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the specialty chemicals company’s stock. Truist Financial‘s price target points to a potential upside of 27.06% from the company’s current price.

Several other brokerages also recently weighed in on KWR. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Quaker Houghton in a research report on Friday. Wall Street Zen lowered Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Saturday. Deutsche Bank Aktiengesellschaft raised their target price on Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a report on Tuesday, August 25th. Royal Bank Of Canada boosted their price target on Quaker Houghton from $198.00 to $202.00 and gave the stock an “outperform” rating in a research report on Thursday, October 15th. Finally, Zacks Research cut Quaker Houghton from a “strong-buy” rating to a “hold” rating in a report on Monday, October 26th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.00.

Quaker Houghton Stock Up 0.1%

Quaker Houghton stock traded up $0.15 during trading on Monday, reaching $151.10. 79,349 shares of the company’s stock were exchanged, compared to its average volume of 158,709. The company’s 50-day moving average is $158.76 and its two-hundred day moving average is $150.44. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.71 and a current ratio of 2.47. Quaker Houghton has a 52-week low of $112.18 and a 52-week high of $183.01. The firm has a market cap of $2.60 billion, a price-to-earnings ratio of 27.03, a PEG ratio of 1.02 and a beta of 1.43.

Quaker Houghton (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The firm had revenue of $544.55 million during the quarter, compared to the consensus estimate of $522.88 million. During the same period in the prior year, the firm earned $2.08 EPS. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. On average, analysts predict that Quaker Houghton will post 7.85 earnings per share for the current year.

Insider Activity

In other news, Director William Osborne sold 600 shares of Quaker Houghton stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the sale, the director directly owned 616 shares of the company’s stock, valued at approximately $103,678.96. The trade was a 49.34% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Quaker Houghton

A number of hedge funds have recently bought and sold shares of the business. American Capital Management Inc. bought a new stake in Quaker Houghton in the second quarter valued at about $4,334,000. Corient Private Wealth LP bought a new position in Quaker Houghton during the 2nd quarter worth approximately $706,000. Bank of America Corp DE bought a new position in Quaker Houghton during the 2nd quarter worth approximately $37,045,000. The Manufacturers Life Insurance Company acquired a new position in shares of Quaker Houghton in the 2nd quarter worth approximately $1,087,000. Finally, Sei Investments Co. grew its position in shares of Quaker Houghton by 35.9% in the 1st quarter. Sei Investments Co. now owns 69,636 shares of the specialty chemicals company’s stock worth $8,651,000 after acquiring an additional 18,405 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.