Quaker Chemical (NYSE:KWR) Price Target Lowered to $156.00 at Sidoti

Quaker Chemical (NYSE:KWR) had its price target dropped by equities researchers at Sidoti from $176.00 to $156.00 in a report issued on Monday, BenzingaRatingsTable reports. The firm presently has a “neutral” rating on the specialty chemicals company’s stock. Sidoti’s price objective suggests a potential upside of 4.21% from the stock’s current price.

Several other research firms have also issued reports 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 upgraded Quaker Chemical from a “sell” rating to a “hold” rating and set a $175.00 price target on the stock in a research report on Thursday, October 3rd. Finally, Janney Montgomery Scott restated a “buy” rating and issued a $204.00 price target on shares of Quaker Chemical in a research report on Wednesday, October 2nd. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $178.33.

NYSE:KWR opened at $149.70 on Monday. Quaker Chemical has a 12-month low of $145.00 and a 12-month high of $224.30. The company has a quick ratio of 2.07, a current ratio of 2.69 and a debt-to-equity ratio of 0.07. The firm has a market capitalization of $2.85 billion, a P/E ratio of 24.78, a P/E/G ratio of 2.37 and a beta of 1.53. The stock’s fifty day simple moving average is $158.86 and its 200-day simple moving average is $183.41.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Thursday, August 1st. The specialty chemicals company reported $1.56 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.56. Quaker Chemical had a return on equity of 18.35% and a net margin of 6.69%. The business had revenue of $205.87 million for the quarter, compared to analyst estimates of $223.15 million. During the same period last year, the company earned $1.56 EPS. The firm’s revenue was down 7.2% on a year-over-year basis. As a group, equities research analysts expect that Quaker Chemical will post 6.18 earnings per share for the current year.

In other Quaker Chemical news, CEO Michael F. Barry sold 3,834 shares of Quaker Chemical stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $159.02, for a total transaction of $609,682.68. Following the transaction, the chief executive officer now directly owns 156,301 shares in the company, valued at $24,854,985.02. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 2.90% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. Bridge City Capital LLC increased its position in Quaker Chemical by 27.5% during the third quarter. Bridge City Capital LLC now owns 13,008 shares of the specialty chemicals company’s stock worth $2,057,000 after buying an additional 2,804 shares during the last quarter. Brinker Capital Inc. grew its position in shares of Quaker Chemical by 12.6% in the third quarter. Brinker Capital Inc. now owns 7,600 shares of the specialty chemicals company’s stock valued at $1,202,000 after purchasing an additional 849 shares during the last quarter. Envestnet Asset Management Inc. grew its position in shares of Quaker Chemical by 10.0% in the third quarter. Envestnet Asset Management Inc. now owns 30,760 shares of the specialty chemicals company’s stock valued at $4,864,000 after purchasing an additional 2,808 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Quaker Chemical by 118.1% in the third quarter. State of Alaska Department of Revenue now owns 9,908 shares of the specialty chemicals company’s stock valued at $1,566,000 after purchasing an additional 5,365 shares during the last quarter. Finally, Atria Investments LLC acquired a new position in shares of Quaker Chemical in the second quarter valued at approximately $3,475,000. Hedge funds and other institutional investors own 74.78% of the company’s stock.

Quaker Chemical Company Profile

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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