Deutsche Bank Aktiengesellschaft Cuts Quaker Chemical (NYSE:KWR) Price Target to $182.00

Quaker Chemical (NYSE:KWR) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $190.00 to $182.00 in a research note released on Monday morning, Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a buy rating on the specialty chemicals company’s stock.

A number of other brokerages have also weighed in on KWR. Royal Bank of Canada cut their target price on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a research note on Thursday, August 8th. StockNews.com raised shares of Quaker Chemical from a “hold” rating to a “buy” rating in a research note on Tuesday, October 29th.

Quaker Chemical Price Performance

Shares of Quaker Chemical stock opened at $180.23 on Monday. The firm has a market cap of $3.21 billion, a PE ratio of 26.43, a price-to-earnings-growth ratio of 1.98 and a beta of 1.38. Quaker Chemical has a 12-month low of $151.31 and a 12-month high of $221.94. The company has a quick ratio of 1.88, a current ratio of 2.54 and a debt-to-equity ratio of 0.48. The company’s fifty day simple moving average is $162.90 and its two-hundred day simple moving average is $171.70.

Quaker Chemical (NYSE:KWR) last announced its quarterly earnings results on Thursday, October 31st. The specialty chemicals company reported $1.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.08 by ($0.19). The firm had revenue of $462.27 million during 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% on a year-over-year basis. During the same period last year, the business earned $2.05 EPS. As a group, equities analysts expect that Quaker Chemical will post 7.88 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of KWR. BNP Paribas Financial Markets lifted its position in Quaker Chemical by 22.1% during the 1st quarter. BNP Paribas Financial Markets now owns 20,072 shares of the specialty chemicals company’s stock valued at $4,120,000 after acquiring an additional 3,632 shares during the period. Capstone Investment Advisors LLC lifted its position in Quaker Chemical by 24.3% during the 1st quarter. Capstone Investment Advisors LLC now owns 2,926 shares of the specialty chemicals company’s stock valued at $601,000 after acquiring an additional 572 shares during the period. Fidelis Capital Partners LLC purchased a new position in Quaker Chemical during the 1st quarter valued at about $25,000. Mutual of America Capital Management LLC lifted its position in Quaker Chemical by 64.1% during the 1st quarter. Mutual of America Capital Management LLC now owns 24,419 shares of the specialty chemicals company’s stock valued at $5,012,000 after acquiring an additional 9,535 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in Quaker Chemical during the 1st quarter valued at about $706,000. 77.46% of the stock is owned by hedge funds and other institutional investors.

Quaker Chemical Company Profile

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.