Royal Bank of Canada Has Lowered Expectations for Quaker Chemical (NYSE:KWR) Stock Price

Quaker Chemical (NYSE:KWR) had its price objective reduced by research analysts at Royal Bank of Canada from $172.00 to $169.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the specialty chemicals company’s stock. Royal Bank of Canada’s price target suggests a potential upside of 21.36% from the stock’s current price.

Several other equities research analysts have also recently commented on KWR. StockNews.com upgraded Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Thursday, November 28th. Piper Sandler restated a “neutral” rating and issued a $170.00 price target (down previously from $200.00) on shares of Quaker Chemical in a report on Tuesday, January 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Monday, November 4th.

Quaker Chemical Stock Performance

Shares of KWR traded down $5.16 during mid-day trading on Wednesday, hitting $139.25. 25,163 shares of the company traded hands, compared to its average volume of 148,819. Quaker Chemical has a 1 year low of $124.66 and a 1 year high of $207.83. The stock has a market cap of $2.48 billion, a price-to-earnings ratio of 20.44, a P/E/G ratio of 1.62 and a beta of 1.39. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.88 and a current ratio of 2.54. The stock has a 50-day moving average price of $138.34 and a two-hundred day moving average price of $153.84.

Quaker Chemical (NYSE:KWR) last posted its quarterly earnings results on Monday, February 24th. The specialty chemicals company reported $1.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.62 by ($0.29). Quaker Chemical had a return on equity of 10.10% and a net margin of 6.58%. The firm had revenue of $444.09 million for the quarter, compared to the consensus estimate of $430.47 million. During the same period in the previous year, the company posted $1.78 EPS. Equities analysts anticipate that Quaker Chemical will post 7.75 earnings per share for the current year.

Institutional Trading of Quaker Chemical

Large investors have recently bought and sold shares of the company. Raymond James & Associates raised its stake in shares of Quaker Chemical by 4.7% in the third quarter. Raymond James & Associates now owns 34,728 shares of the specialty chemicals company’s stock worth $5,851,000 after buying an additional 1,549 shares during the period. Nisa Investment Advisors LLC increased its position in Quaker Chemical by 1.0% during 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 acquiring an additional 123 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Quaker Chemical by 112.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 8,903 shares of the specialty chemicals company’s stock worth $1,500,000 after purchasing an additional 4,720 shares during the period. Atria Investments Inc raised its position in Quaker Chemical by 41.1% in the 3rd quarter. Atria Investments Inc now owns 2,641 shares of the specialty chemicals company’s stock worth $445,000 after purchasing an additional 769 shares during the period. Finally, State of New Jersey Common Pension Fund D boosted its position in shares of Quaker Chemical by 12.7% during the third quarter. State of New Jersey Common Pension Fund D now owns 11,794 shares of the specialty chemicals company’s stock valued at $1,987,000 after buying an additional 1,329 shares during the period. 77.46% of the stock is owned by institutional investors.

About Quaker Chemical

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.