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

Key Points

• Royal Bank of Canada lowered Quaker Houghton’s price target to $192 from $202 while maintaining an “outperform” rating, implying approximately 27% upside from the stock’s $151.10 price.
• Analyst sentiment remains generally positive: four analysts rate the stock a Buy and two rate it a Hold, resulting in a “Moderate Buy” consensus and an average price target of $186.
• Quaker Houghton exceeded quarterly expectations, reporting $2.39 in earnings per share versus the $2.10 consensus and $544.55 million in revenue, up 10.3% year over year.

Quaker Houghton (NYSE:KWR - Get Free Report) had its price target dropped by Royal Bank Of Canada from $202.00 to $192.00 in a research note issued on Monday, Benzinga reports. The firm presently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price target points to a potential upside of 27.06% from the company's current price.

Other equities research analysts have also issued research reports about the company. Wall Street Zen lowered Quaker Houghton from a "buy" rating to a "hold" rating in a research note on Saturday. Truist Financial increased their target price on 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 research report on Friday. Deutsche Bank Aktiengesellschaft boosted their price target on Quaker Houghton from $165.00 to $185.00 and gave the stock a "buy" rating in a report on Tuesday, August 25th. Finally, Zacks Research downgraded Quaker Houghton from a "strong-buy" rating to a "hold" rating in a research report on Monday, October 26th. Four investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $186.00.

Quaker Houghton Price Performance

KWR traded up $0.15 during midday trading on Monday, reaching $151.10. 79,349 shares of the company's stock were exchanged, compared to its average volume of 158,709. Quaker Houghton has a 1-year low of $112.18 and a 1-year high of $183.01. The stock has a market capitalization of $2.60 billion, a PE ratio of 27.03, a P/E/G ratio of 1.02 and a beta of 1.43. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.47 and a quick ratio of 1.71. The business's 50-day moving average price is $158.76 and its 200 day moving average price is $150.44.

Quaker Houghton (NYSE:KWR - Get Free Report) last released its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 EPS for the quarter, beating the consensus estimate of $2.10 by $0.29. Quaker Houghton had a net margin of 4.80% and a return on equity of 9.84%. The business had revenue of $544.55 million for the quarter, compared to analyst estimates of $522.88 million. During the same period in the prior year, the business earned $2.08 earnings per share. The company's quarterly revenue was up 10.3% on a year-over-year basis. As a group, equities analysts anticipate that Quaker Houghton will post 7.85 EPS for the current fiscal year.

Insider Buying and Selling

In other Quaker Houghton news, Director William Osborne sold 600 shares of the business's stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $168.31, for a total value of $100,986.00. Following the completion of the transaction, the director directly owned 616 shares in the company, valued at approximately $103,678.96. The trade was a 49.34% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.00% of the company's stock.

Institutional Investors Weigh In On Quaker Houghton

Several hedge funds have recently made changes to their positions in KWR. American Capital Management Inc. purchased a new stake in shares of Quaker Houghton in the second quarter valued at $4,334,000. Corient Private Wealth LP purchased a new position in Quaker Houghton during the second quarter worth about $706,000. Bank of America Corp DE purchased a new position in Quaker Houghton during the second quarter worth about $37,045,000. The Manufacturers Life Insurance Company purchased a new position in Quaker Houghton during the second quarter worth about $1,087,000. Finally, Sei Investments Co. boosted its stake in 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 buying an additional 18,405 shares during the last quarter. Institutional investors and hedge funds 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.

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