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

Quaker Houghton (NYSE:KWR – Get Free Report) had its target price raised by Royal Bank Of Canada from $198.00 to $202.00 in a report released on Thursday, Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price suggests a potential upside of 27.01% from the stock’s current price.

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

View Our Latest Stock Report on Quaker Houghton

Quaker Houghton Stock Up 0.4%

Shares of NYSE:KWR traded up $0.62 on Thursday, hitting $159.05. 16,413 shares of the company’s stock were exchanged, compared to its average volume of 159,034. The firm’s 50-day moving average is $161.63 and its 200 day moving average is $150.19. The company has a market capitalization of $2.74 billion, a PE ratio of 28.38, a P/E/G ratio of 1.08 and a beta of 1.40. Quaker Houghton has a 1-year low of $112.18 and a 1-year high of $183.01. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.70 and a current ratio of 2.46.

Quaker Houghton (NYSE:KWR – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The specialty chemicals company reported $2.19 EPS for the quarter, topping the consensus estimate of $1.66 by $0.53. Quaker Houghton had a net margin of 4.94% and a return on equity of 9.55%. The firm had revenue of $532.55 million for the quarter, compared to analyst estimates of $504.63 million. During the same period last year, the business earned $1.71 EPS. Quaker Houghton’s revenue for the quarter was up 10.2% compared to the same quarter last year. Sell-side analysts predict that Quaker Houghton will post 7.85 EPS for the current year.

Insider Buying and Selling

In other Quaker Houghton news, Director William Osborne sold 600 shares of the business’s 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 transaction, the director owned 616 shares in the company, valued at $103,678.96. The trade was a 49.34% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

Institutional Trading of Quaker Houghton

Hedge funds and other institutional investors have recently modified their holdings of the business. BlackRock Inc. bought a new position in Quaker Houghton during the second quarter valued at about $335,290,000. Dimensional Fund Advisors LP grew its holdings in Quaker Houghton by 5.4% during the first quarter. Dimensional Fund Advisors LP now owns 750,789 shares of the specialty chemicals company’s stock worth $93,271,000 after acquiring an additional 38,261 shares during the period. William Blair Investment Management LLC bought a new stake in Quaker Houghton in the second quarter worth about $66,810,000. Bank of America Corp DE bought a new stake in Quaker Houghton in the second quarter worth about $37,045,000. Finally, Janus Henderson Group PLC raised its position in 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 acquiring an additional 3,354 shares in the last quarter. 77.46% of the stock is owned by hedge funds and other institutional investors.

About Quaker Houghton

(Get Free Report)

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.

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