Quaker Houghton (NYSE:KWR) Price Target Raised to $192.00

Quaker Houghton (NYSE:KWR) had its target price hoisted by Truist Financial from $190.00 to $192.00 in a report issued on Monday morning,Benzinga reports. Truist Financial currently has a buy rating on the specialty chemicals company’s stock.

Other equities analysts have also issued reports about the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Quaker Houghton in a research report on Friday, October 30th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Quaker Houghton from $165.00 to $185.00 and gave the stock a “buy” rating in a research report on Tuesday, August 25th. Zacks Research cut shares of Quaker Houghton from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 26th. Wall Street Zen cut shares of Quaker Houghton from a “buy” rating to a “hold” rating in a research note on Saturday, October 31st. Finally, Royal Bank Of Canada lifted their target price on shares of Quaker Houghton from $198.00 to $202.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Four research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, Quaker Houghton has an average rating of “Moderate Buy” and a consensus price target of $186.00.

Quaker Houghton Stock Up 5.2%

KWR opened at $157.40 on Monday. The business has a 50 day moving average price of $158.07 and a two-hundred day moving average price of $150.35. The company has a quick ratio of 1.71, a current ratio of 2.47 and a debt-to-equity ratio of 0.61. The company has a market cap of $2.71 billion, a PE ratio of 28.16, a P/E/G ratio of 1.21 and a beta of 1.43. Quaker Houghton has a 52 week low of $112.18 and a 52 week high of $183.01.

Quaker Houghton (NYSE:KWR) last announced its earnings results on Thursday, October 29th. The specialty chemicals company reported $2.39 earnings per share for the quarter, beating the consensus estimate of $2.10 by $0.29. Quaker Houghton had a return on equity of 9.84% and a net margin of 4.80%. The company had revenue of $544.55 million for the quarter, compared to the consensus estimate of $522.88 million. During the same period last year, the business posted $2.08 EPS. The company’s revenue was up 10.3% on a year-over-year basis. As a group, research analysts anticipate that Quaker Houghton will post 7.98 EPS for the current year.

Institutional Trading of Quaker Houghton

Hedge funds have recently modified their holdings of the business. Bryn Mawr Trust Advisors LLC boosted its holdings in Quaker Houghton by 4.5% during the third quarter. Bryn Mawr Trust Advisors LLC now owns 3,098 shares of the specialty chemicals company’s stock worth $489,000 after buying an additional 132 shares in the last quarter. Provenance Wealth Advisors LLC acquired a new position in Quaker Houghton during the third quarter worth about $345,000. Bridge City Capital LLC grew its position in Quaker Houghton by 21.3% during the third quarter. Bridge City Capital LLC now owns 20,858 shares of the specialty chemicals company’s stock worth $3,291,000 after buying an additional 3,666 shares during the period. ProShare Advisors LLC increased its holdings in Quaker Houghton by 37.4% in the third quarter. ProShare Advisors LLC now owns 66,560 shares of the specialty chemicals company’s stock valued at $10,501,000 after buying an additional 18,109 shares in the last quarter. Finally, Contravisory Investment Management Inc. increased its holdings in Quaker Houghton by 14.4% in the third quarter. Contravisory Investment Management Inc. now owns 2,212 shares of the specialty chemicals company’s stock valued at $349,000 after buying an additional 278 shares in the last quarter. 77.46% of the stock is owned by institutional investors and hedge funds.

Quaker Houghton Company Profile

Quaker Houghton (NYSE:KWR) is a global provider of industrial process fluids and chemical products used in manufacturing and other heavy industries. The company develops, produces and supplies fluids, lubricants, cleaners, corrosion preventives and specialty chemical solutions designed to support metalworking, forming, treating and finishing processes.

Its products are used by customers in industries including steel, aluminum, automotive, aerospace, mining, machinery, metal packaging and other general manufacturing markets.