Quaker Chemical (NYSE:KWR) Upgraded to Buy at Jefferies Financial Group

Quaker Chemical (NYSE:KWR - Get Free Report) was upgraded by investment analysts at Jefferies Financial Group from a "hold" rating to a "buy" rating in a research report issued on Monday, June 9th, Marketbeat.com reports. The firm presently has a $146.00 target price on the specialty chemicals company's stock. Jefferies Financial Group's price target would suggest a potential upside of 25.66% from the stock's current price.

KWR has been the topic of several other research reports. Piper Sandler reduced their target price on shares of Quaker Chemical from $170.00 to $140.00 and set a "neutral" rating on the stock in a report on Wednesday, April 2nd. Wall Street Zen lowered Quaker Chemical from a "buy" rating to a "hold" rating in a research report on Wednesday, February 26th. Finally, Royal Bank of Canada cut their target price on shares of Quaker Chemical from $172.00 to $169.00 and set an "outperform" rating on the stock in a report on Wednesday, February 26th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, Quaker Chemical presently has a consensus rating of "Moderate Buy" and a consensus target price of $159.25.

Quaker Chemical Trading Up 1.1%

NYSE KWR traded up $1.23 during mid-day trading on Monday, reaching $116.18. 166,302 shares of the stock were exchanged, compared to its average volume of 138,095. Quaker Chemical has a 1-year low of $95.91 and a 1-year high of $193.74. The business's fifty day simple moving average is $106.81 and its 200 day simple moving average is $126.67. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a market capitalization of $2.05 billion, a PE ratio of 17.04, a PEG ratio of 1.62 and a beta of 1.38.

Quaker Chemical (NYSE:KWR - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The specialty chemicals company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.06. The company had revenue of $442.91 million for the quarter, compared to the consensus estimate of $455.23 million. Quaker Chemical had a net margin of 6.58% and a return on equity of 10.10%. Quaker Chemical's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, research analysts anticipate that Quaker Chemical will post 7.75 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Bridge City Capital LLC lifted its stake in Quaker Chemical by 0.5% in the 4th quarter. Bridge City Capital LLC now owns 16,107 shares of the specialty chemicals company's stock worth $2,267,000 after acquiring an additional 85 shares in the last quarter. EP Wealth Advisors LLC increased its position in Quaker Chemical by 6.7% during the fourth quarter. EP Wealth Advisors LLC now owns 1,512 shares of the specialty chemicals company's stock worth $213,000 after buying an additional 95 shares during the last quarter. Integrated Wealth Concepts LLC raised its stake in shares of Quaker Chemical by 7.1% in the 1st quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company's stock valued at $204,000 after acquiring an additional 109 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of Quaker Chemical by 7.2% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company's stock worth $207,000 after buying an additional 112 shares during the last quarter. Finally, Snowden Capital Advisors LLC grew its position in shares of Quaker Chemical by 4.9% in the fourth quarter. Snowden Capital Advisors LLC now owns 2,439 shares of the specialty chemicals company's stock valued at $343,000 after purchasing an additional 113 shares during the last quarter. Institutional investors and hedge funds own 77.46% of the company's stock.

About Quaker Chemical

Quaker Chemical Corporation, together with its subsidiaries, develops, produces, and markets various formulated specialty chemical products for a range of heavy industrial and manufacturing applications in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. It offers metal removal fluids, cleaning fluids, corrosion inhibitors, metal drawing and forming fluids, die-cast mold releases, heat treatment and quenchants, metal forging fluids, hydraulic fluids, specialty greases, offshore sub-sea energy control fluids, rolling lubricants, rod and wire drawing fluids, and surface treatment chemicals.