Quaker Chemical (NYSE:KWR) Upgraded by StockNews.com to Buy

Quaker Chemical (NYSE:KWR) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Friday.

Several other research firms also recently commented on KWR. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Quaker Chemical from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, August 26th. Royal Bank of Canada decreased their price objective on shares of Quaker Chemical from $220.00 to $195.00 and set an “outperform” rating on the stock in a report on Thursday, August 8th.

Quaker Chemical Price Performance

Shares of KWR opened at $164.97 on Friday. The company has a market cap of $2.97 billion, a price-to-earnings ratio of 25.11, a PEG ratio of 1.97 and a beta of 1.37. Quaker Chemical has a 1-year low of $138.67 and a 1-year high of $221.94. The company’s fifty day simple moving average is $165.66 and its 200 day simple moving average is $178.03. The company has a current ratio of 2.63, a quick ratio of 1.94 and a debt-to-equity ratio of 0.50.

Quaker Chemical (NYSE:KWR) last released its quarterly earnings data on Monday, August 5th. The specialty chemicals company reported $2.13 EPS for the quarter, missing the consensus estimate of $2.21 by ($0.08). Quaker Chemical had a net margin of 6.56% and a return on equity of 10.49%. The company had revenue of $463.57 million during the quarter, compared to analyst estimates of $493.68 million. During the same quarter in the prior year, the firm earned $1.93 earnings per share. Quaker Chemical’s revenue for the quarter was down 6.4% on a year-over-year basis. On average, research analysts forecast that Quaker Chemical will post 8.3 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Quaker Chemical

A number of institutional investors have recently modified their holdings of the business. Fidelis Capital Partners LLC bought a new stake in Quaker Chemical during the first quarter worth about $25,000. First Pacific Financial bought a new stake in Quaker Chemical during the second quarter worth about $25,000. Mather Group LLC. bought a new stake in Quaker Chemical during the first quarter worth about $41,000. Fifth Third Bancorp lifted its position in Quaker Chemical by 36.8% during the second quarter. Fifth Third Bancorp now owns 286 shares of the specialty chemicals company’s stock worth $49,000 after purchasing an additional 77 shares during the period. Finally, nVerses Capital LLC bought a new stake in Quaker Chemical during the second quarter worth about $136,000. Institutional investors own 77.46% of the company’s stock.

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.