Quaker Houghton (NYSE:KWR) Given a $135.00 Price Target by Royal Bank Of Canada Analysts

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.

Royal Bank Of Canada set a $135.00 price objective on Quaker Houghton (NYSE:KWR - Free Report) in a research note issued to investors on Monday morning, Marketbeat.com reports. The brokerage currently has an outperform rating on the specialty chemicals company's stock.

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

Quaker Houghton Stock Up 0.5%

Shares of Quaker Houghton stock traded up $0.67 on Monday, reaching $127.00. The company's stock had a trading volume of 147,676 shares, compared to its average volume of 192,449. The company has a market capitalization of $2.21 billion, a price-to-earnings ratio of -295.35, a P/E/G ratio of 1.56 and a beta of 1.38. The firm's fifty day simple moving average is $118.89 and its two-hundred day simple moving average is $120.71. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $180.96. The company has a quick ratio of 1.87, a current ratio of 2.56 and a debt-to-equity ratio of 0.67.

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

Quaker Houghton Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Friday, October 17th will be issued a $0.508 dividend. The ex-dividend date of this dividend is Friday, October 17th. This is an increase from Quaker Houghton's previous quarterly dividend of $0.49. This represents a $2.03 annualized dividend and a dividend yield of 1.6%. Quaker Houghton's dividend payout ratio is presently -451.16%.

Institutional Trading of Quaker Houghton

Several large investors have recently modified their holdings of the company. EP Wealth Advisors LLC grew its holdings in shares of Quaker Houghton by 6.7% in the fourth quarter. EP Wealth Advisors LLC now owns 1,512 shares of the specialty chemicals company's stock worth $213,000 after acquiring an additional 95 shares during the period. Integrated Wealth Concepts LLC grew its holdings in Quaker Houghton by 7.1% during the first quarter. Integrated Wealth Concepts LLC now owns 1,650 shares of the specialty chemicals company's stock valued at $204,000 after purchasing an additional 109 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in Quaker Houghton by 7.2% during the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,671 shares of the specialty chemicals company's stock valued at $207,000 after purchasing an additional 112 shares during the period. Snowden Capital Advisors LLC grew its holdings in Quaker Houghton by 4.9% during 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 period. Finally, Victory Capital Management Inc. grew its holdings in Quaker Houghton by 1.8% during the first quarter. Victory Capital Management Inc. now owns 6,598 shares of the specialty chemicals company's stock valued at $816,000 after purchasing an additional 119 shares during the period. Institutional investors own 77.46% of the company's stock.

Quaker Houghton Company Profile

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.