Royal Bank Of Canada Lowers Quaker Houghton (NYSE:KWR) Price Target to $151.00

Quaker Houghton (NYSE:KWR) had its price objective cut by analysts at Royal Bank Of Canada from $184.00 to $151.00 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The firm presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank Of Canada’s target price points to a potential upside of 9.16% from the company’s previous close.

Several other research firms also recently commented on KWR. Jefferies Financial Group decreased their target price on shares of Quaker Houghton from $203.00 to $175.00 and set a “buy” rating for the company in a research report on Monday, April 6th. Seaport Research Partners raised shares of Quaker Houghton from a “neutral” rating to a “buy” rating and set a $175.00 target price for the company in a research report on Friday, April 17th. Zacks Research downgraded shares of Quaker Houghton from a “hold” rating to a “strong sell” rating in a research report on Wednesday. Finally, Wall Street Zen downgraded shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Three investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. According to MarketBeat, Quaker Houghton currently has a consensus rating of “Hold” and an average target price of $163.00.

Quaker Houghton Stock Down 0.0%

KWR traded down $0.06 during midday trading on Friday, hitting $138.33. The company had a trading volume of 10,948 shares, compared to its average volume of 164,010. Quaker Houghton has a 52 week low of $99.18 and a 52 week high of $183.01. The company has a quick ratio of 1.72, a current ratio of 2.42 and a debt-to-equity ratio of 0.61. The company has a market capitalization of $2.40 billion, a price-to-earnings ratio of -1,154.45, a PEG ratio of 0.86 and a beta of 1.43. The stock’s 50 day moving average price is $136.53 and its 200 day moving average price is $140.44.

Quaker Houghton (NYSE:KWR) last posted its quarterly earnings results on Monday, February 23rd. The specialty chemicals company reported $1.65 earnings per share for the quarter, missing the consensus estimate of $1.71 by ($0.06). Quaker Houghton had a negative net margin of 0.13% and a positive return on equity of 8.99%. The company had revenue of $468.48 million during the quarter, compared to the consensus estimate of $465.17 million. During the same period last year, the firm posted $1.33 earnings per share. The company’s revenue for the quarter was up 5.5% on a year-over-year basis. On average, research analysts anticipate that Quaker Houghton will post 7.99 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CWM LLC boosted its holdings in Quaker Houghton by 1.8% during the fourth quarter. CWM LLC now owns 4,226 shares of the specialty chemicals company’s stock worth $580,000 after purchasing an additional 73 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Quaker Houghton by 7.9% during the fourth quarter. GAMMA Investing LLC now owns 1,021 shares of the specialty chemicals company’s stock worth $140,000 after purchasing an additional 75 shares during the last quarter. State of Alaska Department of Revenue boosted its holdings in Quaker Houghton by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 7,782 shares of the specialty chemicals company’s stock worth $1,067,000 after purchasing an additional 99 shares during the last quarter. Integrated Wealth Concepts LLC boosted 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 worth $204,000 after purchasing an additional 109 shares during the last quarter. Finally, LPL Financial LLC boosted its holdings in Quaker Houghton by 1.4% during the fourth quarter. LPL Financial LLC now owns 8,105 shares of the specialty chemicals company’s stock worth $1,113,000 after purchasing an additional 114 shares during the last quarter. 77.46% of the stock is currently owned by hedge funds and other institutional investors.

Quaker Houghton Company Profile

Quaker Houghton is a global provider of process fluids, chemical specialties and sustainable solutions for industrial applications. The company develops and supplies metalworking fluids, coatings, and corrosion inhibitors, as well as heat transfer, lubrication and additive products designed to improve productivity and extend equipment life. Its portfolio addresses a range of end markets including automotive, aerospace, defense, energy, mining, agriculture and heavy industry.

The company traces its roots back to the founding of Quaker Chemical Corporation in 1918 and Houghton International in 1865.