Piper Sandler Forecasts Strong Price Appreciation for Quaker Chemical (NYSE:KWR) Stock

Quaker Chemical (NYSE:KWR) had its target price upped by equities researchers at Piper Sandler from $190.00 to $200.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the specialty chemicals company’s stock. Piper Sandler’s price target suggests a potential upside of 17.82% from the stock’s previous close.

A number of other analysts have also commented on KWR. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Monday. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Royal Bank of Canada lowered their target price on Quaker Chemical from $195.00 to $180.00 and set an “outperform” rating on the stock in a research report on Monday.

Quaker Chemical Price Performance

KWR stock opened at $169.75 on Friday. The stock has a market cap of $3.02 billion, a PE ratio of 24.89, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38. The stock has a 50-day moving average price of $162.92 and a two-hundred day moving average price of $171.68. Quaker Chemical has a 1 year low of $151.31 and a 1 year high of $221.94. The company has a current ratio of 2.54, a quick ratio of 1.88 and a debt-to-equity ratio of 0.48.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings data on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million for the quarter, compared to the consensus estimate of $469.17 million. Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.05 earnings per share. Equities analysts forecast that Quaker Chemical will post 7.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KWR. Fifth Third Bancorp increased its position in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after buying an additional 77 shares during the last quarter. GAMMA Investing LLC raised its stake in Quaker Chemical by 105.3% in the 3rd quarter. GAMMA Investing LLC now owns 156 shares of the specialty chemicals company’s stock valued at $26,000 after acquiring an additional 80 shares during the period. Louisiana State Employees Retirement System lifted its holdings in Quaker Chemical by 1.4% during the 2nd quarter. Louisiana State Employees Retirement System now owns 7,000 shares of the specialty chemicals company’s stock valued at $1,188,000 after purchasing an additional 100 shares during the last quarter. Mackenzie Financial Corp boosted its position in Quaker Chemical by 6.6% during the second quarter. Mackenzie Financial Corp now owns 1,778 shares of the specialty chemicals company’s stock worth $302,000 after purchasing an additional 110 shares during the period. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Quaker Chemical by 1.0% in the third quarter. Nisa Investment Advisors LLC now owns 13,001 shares of the specialty chemicals company’s stock valued at $2,191,000 after purchasing an additional 123 shares during the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

Quaker Chemical 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.