Quaker Houghton (NYSE:KWR) Share Price Crosses Below 50-Day Moving Average - What's Next?

Key Points

• Quaker Houghton shares fell below their 50-day moving average, trading as low as $153.09 and last changing hands at $154.49, versus the average of $157.15.
• Analyst views are mixed, but the consensus rating remains “Moderate Buy”, with an average price target of $186. Four analysts rate the stock Buy and two rate it Hold.
• The company beat quarterly earnings and revenue estimates, reporting $2.39 in EPS and $544.55 million in revenue; revenue increased 10.3% year over year.

Quaker Houghton (NYSE:KWR - Get Free Report) passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of $157.15 and traded as low as $153.09. Quaker Houghton shares last traded at $154.49, with a volume of 105,167 shares traded.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on KWR shares. Truist Financial lifted their price objective on Quaker Houghton from $190.00 to $192.00 and gave the company a "buy" rating in a research report on Monday, November 2nd. Zacks Research lowered shares of Quaker Houghton from a "strong-buy" rating to a "hold" rating in a report on Monday, October 26th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a "buy" rating in a research note on Tuesday, August 25th. Wall Street Zen downgraded shares of Quaker Houghton from a "buy" rating to a "hold" rating in a report on Saturday, October 31st. Finally, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Quaker Houghton in a report on Friday, October 30th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $186.00.

Quaker Houghton Price Performance

The firm has a 50 day moving average of $157.15 and a 200-day moving average of $150.28. The company has a market cap of $2.66 billion, a P/E ratio of 27.64, a P/E/G ratio of 1.28 and a beta of 1.43. The company has a current ratio of 2.47, a quick ratio of 1.71 and a debt-to-equity ratio of 0.61.

Quaker Houghton (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share for the quarter, topping the consensus estimate of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The business had revenue of $544.55 million during the quarter, compared to the consensus estimate of $522.88 million. During the same period in the prior year, the company posted $2.08 EPS. The firm's revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Quaker Houghton will post 7.98 EPS for the current year.

Hedge Funds Weigh In On Quaker Houghton

Several hedge funds have recently modified their holdings of KWR. Integrated Wealth Concepts LLC bought a new position in shares of Quaker Houghton during the second quarter worth $25,000. Allworth Financial LP bought a new stake in Quaker Houghton in the 2nd quarter valued at $39,000. Public Employees Retirement System of Ohio bought a new stake in Quaker Houghton in the 2nd quarter valued at $48,000. EverSource Wealth Advisors LLC increased its holdings in Quaker Houghton by 51.5% in the 1st quarter. EverSource Wealth Advisors LLC now owns 344 shares of the specialty chemicals company's stock valued at $43,000 after acquiring an additional 117 shares during the last quarter. Finally, Global Retirement Partners LLC purchased a new stake in Quaker Houghton in the 2nd quarter worth $66,000. Hedge funds and other institutional investors own 77.46% of the company's stock.

About Quaker Houghton

Quaker Houghton is a global provider of industrial process fluids and specialty chemicals. Its products include metalworking fluids, industrial lubricants, hydraulic fluids, cleaners, corrosion-prevention products, and coatings used in manufacturing and other industrial operations. The company serves customers across industries such as steel and aluminum production, automotive, aerospace, mining, and general machinery. Its solutions are designed to support processes including metal forming, machining, heat treatment, and equipment operation.

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