Quaker Houghton (NYSE:KWR) Stock Price Expected to Rise, Truist Financial Analyst Says

Key Points

• Truist Financial raised Quaker Houghton’s price target to $192 from $190 and maintained a “buy” rating, implying approximately 27% upside from the stock’s $151.10 price.
• Analyst sentiment is generally positive, with four buy ratings and two hold ratings; the stock has a “Moderate Buy” consensus and an average price target of $186.
• Quaker Houghton exceeded quarterly expectations, reporting $2.39 in adjusted EPS versus the $2.10 consensus and revenue of $544.55 million, up 10.3% year over year.

Quaker Houghton (NYSE:KWR - Get Free Report) had its target price increased by equities researchers at Truist Financial from $190.00 to $192.00 in a report released on Monday, Benzinga reports. The brokerage currently has a "buy" rating on the specialty chemicals company's stock. Truist Financial's price objective suggests a potential upside of 27.06% from the stock's current price.

KWR has been the topic of several other reports. Deutsche Bank Aktiengesellschaft increased their target price on Quaker Houghton from $165.00 to $185.00 and gave the stock a "buy" rating in a research report on Tuesday, August 25th. Wall Street Zen cut Quaker Houghton from a "buy" rating to a "hold" rating in a report on Saturday. Zacks Research cut Quaker Houghton from a "strong-buy" rating to a "hold" rating in a report on Monday, October 26th. Royal Bank Of Canada upped their price objective on shares of Quaker Houghton from $198.00 to $202.00 and gave the company an "outperform" rating in a research note on Thursday, October 15th. Finally, Weiss Ratings reiterated a "hold (c)" rating on shares of Quaker Houghton in a report on Friday. Four analysts have rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, Quaker Houghton presently has an average rating of "Moderate Buy" and an average target price of $186.00.

Quaker Houghton Price Performance

NYSE KWR traded up $0.15 during trading hours on Monday, reaching $151.10. The company's stock had a trading volume of 79,349 shares, compared to its average volume of 158,709. 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 company's 50-day moving average is $158.76 and its two-hundred day moving average is $150.44. Quaker Houghton has a fifty-two week low of $112.18 and a fifty-two week high of $183.01. The stock has a market cap of $2.60 billion, a PE ratio of 27.03, a PEG ratio of 1.02 and a beta of 1.43.

Quaker Houghton (NYSE:KWR - Get Free Report) last announced its earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.10 by $0.29. The company had revenue of $544.55 million during the quarter, compared to analysts' expectations of $522.88 million. Quaker Houghton had a net margin of 4.80% and a return on equity of 9.84%. The firm's quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.08 earnings per share. Analysts forecast that Quaker Houghton will post 7.85 EPS for the current year.

Insider Activity at Quaker Houghton

In related news, Director William Osborne sold 600 shares of the 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 transaction, the director directly owned 616 shares of the company's stock, valued at approximately $103,678.96. This trade represents a 49.34% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.00% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Quaker Houghton

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC acquired a new position in shares of Quaker Houghton in the 2nd quarter valued at about $25,000. Allworth Financial LP purchased a new stake in shares of Quaker Houghton during the 2nd quarter worth about $39,000. EverSource Wealth Advisors LLC increased its position in Quaker Houghton by 51.5% during the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company's stock worth $43,000 after purchasing an additional 117 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Quaker Houghton during the 2nd quarter worth approximately $48,000. Finally, Global Retirement Partners LLC purchased a new position in Quaker Houghton in the second quarter valued at approximately $66,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Houghton Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.