Royal Bank Of Canada Cuts Quaker Houghton (NYSE:KWR) Price Target to $184.00

Quaker Houghton (NYSE:KWR) had its price objective decreased by Royal Bank Of Canada from $190.00 to $184.00 in a report published on Wednesday morning,Benzinga reports. Royal Bank Of Canada currently has an outperform rating on the specialty chemicals company’s stock.

Several other brokerages have also recently commented on KWR. Wall Street Zen raised shares of Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, February 21st. Zacks Research raised shares of Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Quaker Houghton has a consensus rating of “Hold” and a consensus price target of $175.67.

Quaker Houghton Trading Down 0.7%

Shares of NYSE KWR opened at $147.07 on Wednesday. The stock has a fifty day simple moving average of $156.90 and a 200-day simple moving average of $143.32. Quaker Houghton has a twelve month low of $95.91 and a twelve month high of $183.01. The company has a current ratio of 2.42, a quick ratio of 1.77 and a debt-to-equity ratio of 0.61. The stock has a market capitalization of $2.55 billion, a PE ratio of -1,225.44, a PEG ratio of 1.39 and a beta of 1.35.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of KWR. Kohmann Bosshard Financial Services LLC purchased a new stake in shares of Quaker Houghton during the 4th quarter valued at about $27,000. Aster Capital Management DIFC Ltd acquired a new position in Quaker Houghton in the third quarter worth about $28,000. TD Waterhouse Canada Inc. bought a new stake in Quaker Houghton in the second quarter valued at about $30,000. EverSource Wealth Advisors LLC raised its stake in Quaker Houghton by 284.8% during the second quarter. EverSource Wealth Advisors LLC now owns 304 shares of the specialty chemicals company’s stock valued at $34,000 after buying an additional 225 shares in the last quarter. Finally, Farther Finance Advisors LLC raised its stake in Quaker Houghton by 165.0% during the fourth quarter. Farther Finance Advisors LLC now owns 273 shares of the specialty chemicals company’s stock valued at $37,000 after buying an additional 170 shares in the last quarter. Institutional investors and hedge funds own 77.46% of the company’s stock.

Quaker Houghton Company Profile

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.