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

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

KWR has been the subject of a number of other reports. StockNews.com downgraded shares of Quaker Chemical from a “buy” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their target price on Quaker Chemical from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Monday. Finally, Royal Bank of Canada decreased their price target 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 Stock Performance

KWR opened at $169.75 on Friday. The company has a debt-to-equity ratio of 0.48, a current ratio of 2.54 and a quick ratio of 1.88. The business has a fifty day simple moving average of $162.92 and a 200 day simple moving average 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 market capitalization 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.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 EPS for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The business 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%. Quaker Chemical’s revenue was down 5.8% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. Research analysts expect that Quaker Chemical will post 7.88 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in KWR. Quest Partners LLC increased its stake in shares of Quaker Chemical by 29.4% in the 3rd quarter. Quest Partners LLC now owns 16,203 shares of the specialty chemicals company’s stock valued at $2,730,000 after purchasing an additional 3,683 shares during the last quarter. Mutual of America Capital Management LLC grew its position in Quaker Chemical by 108.3% in the third quarter. Mutual of America Capital Management LLC now owns 56,906 shares of the specialty chemicals company’s stock valued at $9,588,000 after acquiring an additional 29,584 shares during the last quarter. Seizert Capital Partners LLC raised its stake in Quaker Chemical by 122.7% during the third quarter. Seizert Capital Partners LLC now owns 20,067 shares of the specialty chemicals company’s stock worth $3,381,000 after acquiring an additional 11,058 shares in the last quarter. Natixis Advisors LLC bought a new position in shares of Quaker Chemical in the third quarter worth about $2,488,000. Finally, Royce & Associates LP boosted its stake in shares of Quaker Chemical by 5.3% in the 3rd quarter. Royce & Associates LP now owns 434,303 shares of the specialty chemicals company’s stock valued at $73,176,000 after purchasing an additional 21,986 shares in the last quarter. 77.46% of the stock is currently owned by institutional investors and hedge funds.

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.