Quaker Houghton (NYSE:KWR) Stock Price Target Raised at Royal Bank Of Canada

Quaker Houghton (NYSE:KWR) had its price target raised by stock analysts at Royal Bank Of Canada from $198.00 to $202.00 in a research note issued to investors on Thursday, Benzinga reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 27.01% from the stock’s current price.

A number of other equities analysts have also recently issued reports on the company. Truist Financial restated a “buy” rating and issued a $190.00 target price (up from $172.00) on shares of Quaker Houghton in a report on Monday, August 3rd. Wall Street Zen raised Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday, August 1st. Weiss Ratings raised Quaker Houghton from a “sell (d+)” rating to a “hold (c)” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft increased their price target on Quaker Houghton from $165.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, August 25th. Finally, Zacks Research upgraded Quaker Houghton from a “hold” rating to a “strong-buy” rating in a research report on Thursday, August 6th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $188.00.

Quaker Houghton Price Performance

NYSE:KWR traded up $0.62 during trading hours on Thursday, reaching $159.05. 16,413 shares of the company’s stock were exchanged, compared to its average volume of 159,034. The company has a quick ratio of 1.70, a current ratio of 2.46 and a debt-to-equity ratio of 0.62. The company has a market capitalization of $2.74 billion, a P/E ratio of 28.38, a price-to-earnings-growth ratio of 1.08 and a beta of 1.40. Quaker Houghton has a 12 month low of $112.18 and a 12 month high of $183.01. The business’s 50-day simple moving average is $161.63 and its two-hundred day simple moving average is $150.19.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.66 by $0.53. The company had revenue of $532.55 million for the quarter, compared to analysts’ expectations of $504.63 million. Quaker Houghton had a return on equity of 9.55% and a net margin of 4.94%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.71 earnings per share. Sell-side analysts expect that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director William Osborne sold 600 shares of the company’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total transaction of $100,986.00. Following the transaction, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Quaker Houghton

Institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Quaker Houghton during the 2nd quarter valued at about $335,290,000. Dimensional Fund Advisors LP increased its holdings in shares of Quaker Houghton by 5.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock valued at $93,271,000 after purchasing an additional 38,261 shares during the period. William Blair Investment Management LLC acquired a new position in shares of Quaker Houghton in the 2nd quarter valued at about $66,810,000. Bank of America Corp DE purchased a new stake in shares of Quaker Houghton in the second quarter worth approximately $37,045,000. Finally, Janus Henderson Group PLC lifted its position in shares of Quaker Houghton by 1.7% in the first quarter. Janus Henderson Group PLC now owns 199,349 shares of the specialty chemicals company’s stock worth $24,766,000 after purchasing an additional 3,354 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

About Quaker Houghton

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and services. The company develops, manufactures and supplies chemical formulations used to improve performance, efficiency, safety and product quality in manufacturing and metalworking operations.

Its product portfolio includes metal-removal and metal-forming fluids, hydraulic and specialty fluids, industrial cleaners, coatings, corrosion preventives and fire-resistant fluids. Quaker Houghton also provides fluid-management programs, technical support, equipment and related services designed to help customers manage industrial processes and maintenance requirements.

The company serves customers in industries including steel, aluminum, automotive, aerospace, mining, machinery and other general manufacturing markets.