Quaker Houghton (NYSE:KWR) Stock Gets Price Target Cut from Royal Bank Of Canada

Quaker Houghton (NYSE:KWR) had its target price reduced by Royal Bank Of Canada from $202.00 to $192.00 in a report released on Monday morning,Benzinga reports. They currently have an outperform rating on the specialty chemicals company’s stock.

Several other research firms have also recently weighed in on KWR. Zacks Research cut shares of Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 26th. Truist Financial raised their target price on shares of Quaker Houghton from $190.00 to $192.00 and gave the company a “buy” rating in a report on Monday. Weiss Ratings reissued a “hold (c)” rating on shares of Quaker Houghton in a report on Friday, October 30th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Saturday, October 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Four research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $186.00.

Quaker Houghton Stock Performance

NYSE:KWR opened at $157.40 on Monday. The company has a market cap of $2.71 billion, a price-to-earnings ratio of 28.16, a PEG ratio of 1.21 and a beta of 1.43. Quaker Houghton has a fifty-two week low of $112.18 and a fifty-two week high of $183.01. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.71 and a current ratio of 2.47. The stock has a fifty day moving average price of $158.07 and a 200-day moving average price of $150.35.

Quaker Houghton (NYSE:KWR) last issued its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 EPS for the quarter, topping analysts’ consensus estimates of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The company had revenue of $544.55 million for the quarter, compared to analysts’ expectations of $522.88 million. During the same quarter last year, the business earned $2.08 earnings per share. Quaker Houghton’s revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Quaker Houghton will post 7.98 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Integrated Wealth Concepts LLC bought a new stake in shares of Quaker Houghton during the 2nd quarter valued at approximately $25,000. Allworth Financial LP acquired a new position in Quaker Houghton during the 2nd quarter worth approximately $39,000. Public Employees Retirement System of Ohio acquired a new position in Quaker Houghton during the 2nd quarter worth approximately $48,000. EverSource Wealth Advisors LLC lifted its stake in Quaker Houghton by 51.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company’s stock valued at $43,000 after purchasing an additional 117 shares during the last quarter. Finally, Global Retirement Partners LLC bought a new position in Quaker Houghton in the 2nd quarter valued at approximately $66,000. Institutional investors own 77.46% of the company’s stock.

About Quaker Houghton

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.