Janney Montgomery Scott Reiterates Buy Rating for Quaker Chemical (NYSE:KWR)

Quaker Chemical (NYSE:KWR)‘s stock had its “buy” rating restated by research analysts at Janney Montgomery Scott in a report released on Wednesday, 24/7 WallStreet reports. They currently have a $204.00 target price on the specialty chemicals company’s stock. Janney Montgomery Scott’s price target suggests a potential upside of 33.84% from the company’s current price.

A number of other equities analysts have also weighed in on KWR. ValuEngine lowered Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Friday, August 16th. Zacks Investment Research lowered Quaker Chemical from a “hold” rating to a “sell” rating in a research report on Thursday, August 8th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Quaker Chemical currently has a consensus rating of “Hold” and an average price target of $195.00.

Shares of NYSE:KWR traded down $0.69 during trading on Wednesday, reaching $152.42. 63,335 shares of the stock were exchanged, compared to its average volume of 89,107. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.69 and a quick ratio of 2.07. Quaker Chemical has a 1-year low of $148.91 and a 1-year high of $224.30. The stock has a fifty day moving average of $158.90 and a two-hundred day moving average of $187.42. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of 25.24, a price-to-earnings-growth ratio of 2.29 and a beta of 1.53.

Quaker Chemical (NYSE:KWR) last issued its earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.56. Quaker Chemical had a return on equity of 18.35% and a net margin of 6.69%. The company had revenue of $205.87 million for the quarter, compared to analyst estimates of $223.15 million. During the same period in the prior year, the firm earned $1.56 earnings per share. Quaker Chemical’s revenue for the quarter was down 7.2% on a year-over-year basis. Sell-side analysts forecast that Quaker Chemical will post 6.11 EPS for the current year.

In related news, CEO Michael F. Barry sold 3,834 shares of the stock in a transaction on Friday, September 6th. The stock was sold at an average price of $159.02, for a total value of $609,682.68. Following the completion of the sale, the chief executive officer now directly owns 156,301 shares of the company’s stock, valued at approximately $24,854,985.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.90% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KWR. Krane Funds Advisors LLC purchased a new stake in Quaker Chemical in the 2nd quarter valued at $59,000. Ladenburg Thalmann Financial Services Inc. raised its position in Quaker Chemical by 523.0% in the 2nd quarter. Ladenburg Thalmann Financial Services Inc. now owns 380 shares of the specialty chemicals company’s stock valued at $77,000 after buying an additional 319 shares during the last quarter. Belpointe Asset Management LLC purchased a new stake in Quaker Chemical in the 1st quarter valued at $102,000. Pearl River Capital LLC purchased a new stake in Quaker Chemical in the 2nd quarter valued at $128,000. Finally, Ellington Management Group LLC purchased a new stake in Quaker Chemical in the 2nd quarter valued at $223,000. 99.41% of the stock is owned by institutional investors and hedge funds.

About Quaker Chemical

Quaker Chemical Corporation develops, produces, and markets various formulated chemical specialty products for a range of heavy industrial and manufacturing applications in North America, Europe, the Middle East, Africa, the Asia/Pacific, and South America. The company's products include rolling lubricants used by manufacturers of steel in the hot and cold rolling of steel, and aluminum in the hot rolling of aluminum; machining and grinding compounds for use in cutting, shaping, and grinding metal parts; hydraulic fluids for steel, metalworking, and other customers to operate hydraulic equipment; corrosion preventives to protect metals during manufacture, storage, and shipment; and specialty greases used in automotive and aerospace production processes, steel manufacturing, and various other applications.

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