Brokerages Set Quaker Houghton (NYSE:KWR) Price Target at $152.33

by · The Markets Daily

Quaker Houghton (NYSE:KWR – Get Free Report) has earned a consensus recommendation of “Hold” from the six ratings firms that are currently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $152.3333.

KWR has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on shares of Quaker Houghton from $149.00 to $171.00 and gave the company an “outperform” rating in a report on Monday, November 3rd. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Quaker Houghton in a research note on Wednesday, August 13th. Wall Street Zen upgraded Quaker Houghton from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Research raised Quaker Houghton from a “strong sell” rating to a “hold” rating in a report on Thursday, November 20th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Quaker Houghton in a research note on Wednesday, October 8th.

Read Our Latest Stock Analysis on Quaker Houghton

Quaker Houghton Price Performance

Shares of NYSE KWR opened at $134.71 on Monday. Quaker Houghton has a 52 week low of $95.91 and a 52 week high of $161.46. The business’s 50 day moving average price is $133.14 and its 200 day moving average price is $128.08. The company has a quick ratio of 1.77, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The firm has a market cap of $2.34 billion, a P/E ratio of -274.91, a P/E/G ratio of 1.53 and a beta of 1.33.

Quaker Houghton (NYSE:KWR – Get Free Report) last announced its quarterly earnings data on Thursday, October 30th. The specialty chemicals company reported $2.08 EPS for the quarter, beating the consensus estimate of $1.94 by $0.14. The business had revenue of $493.84 million during the quarter, compared to analysts’ expectations of $475.06 million. Quaker Houghton had a negative net margin of 0.48% and a positive return on equity of 8.64%. The business’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same period in the previous year, the business posted $1.89 EPS. On average, sell-side analysts expect that Quaker Houghton will post 7.75 earnings per share for the current year.

Quaker Houghton Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Friday, January 16th will be issued a $0.508 dividend. The ex-dividend date of this dividend is Friday, January 16th. This represents a $2.03 dividend on an annualized basis and a yield of 1.5%. Quaker Houghton’s payout ratio is presently -414.29%.

Institutional Investors Weigh In On Quaker Houghton

A number of institutional investors have recently modified their holdings of the business. Advantage Alpha Capital Partners LP boosted its position in Quaker Houghton by 21.3% during the second quarter. Advantage Alpha Capital Partners LP now owns 46,853 shares of the specialty chemicals company’s stock worth $5,245,000 after purchasing an additional 8,215 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Quaker Houghton by 151.2% during the 2nd quarter. GAMMA Investing LLC now owns 912 shares of the specialty chemicals company’s stock worth $102,000 after buying an additional 549 shares during the last quarter. Ceredex Value Advisors LLC boosted its position in shares of Quaker Houghton by 10.7% in the 2nd quarter. Ceredex Value Advisors LLC now owns 113,200 shares of the specialty chemicals company’s stock worth $12,672,000 after buying an additional 10,950 shares in the last quarter. Nordwand Advisors LLC acquired a new stake in Quaker Houghton in the 2nd quarter valued at about $280,000. Finally, Wellington Management Group LLP purchased a new position in Quaker Houghton during the 1st quarter valued at about $23,190,000. 77.46% of the stock is currently owned by institutional investors and hedge funds.

About Quaker Houghton

(Get Free Report)

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.

Featured Articles