Quaker Houghton (NYSE:KWR) Price Target Cut to $135.00 by Analysts at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has reduced the target price for Quaker Houghton from $150.00 to $135.00, indicating a potential upside of 11.45% from the stock's previous close.
• Jefferies Financial Group upgraded Quaker Houghton from a "hold" to a "buy" rating with a target price of $146.00, contributing to a consensus rating of "Moderate Buy" among analysts.
• Quaker Houghton reported $1.71 earnings per share in its latest quarter, missing estimates and reflecting a 4.3% increase in revenue year-over-year.

Quaker Houghton (NYSE:KWR - Get Free Report) had its target price decreased by research analysts at Royal Bank Of Canada from $150.00 to $135.00 in a research report issued on Monday,Benzinga reports. The firm currently has an "outperform" rating on the specialty chemicals company's stock. Royal Bank Of Canada's price target would indicate a potential upside of 11.45% from the stock's previous close.

Separately, Jefferies Financial Group raised Quaker Houghton from a "hold" rating to a "buy" rating and set a $146.00 price target on the stock in a report on Monday, June 9th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $150.75.

Quaker Houghton Stock Performance

NYSE:KWR traded up $3.23 during mid-day trading on Monday, reaching $121.14. The company's stock had a trading volume of 18,375 shares, compared to its average volume of 172,625. The company has a current ratio of 2.56, a quick ratio of 1.87 and a debt-to-equity ratio of 0.67. The stock has a market cap of $2.14 billion, a P/E ratio of -281.30, a PEG ratio of 1.43 and a beta of 1.38. The firm's fifty day moving average price is $117.29 and its two-hundred day moving average price is $120.89. Quaker Houghton has a 12-month low of $95.91 and a 12-month high of $180.96.

Quaker Houghton (NYSE:KWR - Get Free Report) last released its quarterly earnings data on Thursday, July 31st. The specialty chemicals company reported $1.71 earnings per share for the quarter, missing the consensus estimate of $1.82 by ($0.11). Quaker Houghton had a negative net margin of 0.39% and a positive return on equity of 8.35%. The company had revenue of $483.40 million for the quarter, compared to analysts' expectations of $463.57 million. During the same period in the previous year, the firm earned $2.13 earnings per share. The firm's revenue for the quarter was up 4.3% on a year-over-year basis. On average, equities analysts forecast that Quaker Houghton will post 7.75 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. American Century Companies Inc. increased its stake in shares of Quaker Houghton by 37.5% in the 4th quarter. American Century Companies Inc. now owns 14,594 shares of the specialty chemicals company's stock worth $2,054,000 after purchasing an additional 3,977 shares in the last quarter. LPL Financial LLC grew its holdings in Quaker Houghton by 72.1% during the fourth quarter. LPL Financial LLC now owns 4,050 shares of the specialty chemicals company's stock valued at $570,000 after purchasing an additional 1,697 shares during the period. Norges Bank purchased a new stake in Quaker Houghton in the fourth quarter worth about $13,399,000. Alliancebernstein L.P. raised its stake in shares of Quaker Houghton by 6.9% in the fourth quarter. Alliancebernstein L.P. now owns 15,737 shares of the specialty chemicals company's stock worth $2,215,000 after buying an additional 1,010 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Quaker Houghton by 11.1% during the 4th quarter. Franklin Resources Inc. now owns 14,982 shares of the specialty chemicals company's stock valued at $2,109,000 after buying an additional 1,499 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors.

About Quaker Houghton

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.

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