The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Sep, 30 and still has $127.86 target or 20.00% above today’s $106.55 share price. This indicates more upside for the $1.41B company. This technical setup was reported by Barchart.com. If the $127.86 PT is reached, the company will be worth $282.00 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 28,656 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 35.82% since February 26, 2016 and is uptrending. It has outperformed by 25.39% the S&P500.
Analysts await Quaker Chemical Corp (NYSE:KWR) to report earnings on October, 26. They expect $1.23 EPS, up 3.36% or $0.04 from last year’s $1.19 per share. KWR’s profit will be $16.28 million for 21.66 P/E if the $1.23 EPS becomes a reality. After $1.11 actual EPS reported by Quaker Chemical Corp for the previous quarter, Wall Street now forecasts 10.81% EPS growth.
Quaker Chemical Corp (NYSE:KWR) Ratings Coverage
Out of 3 analysts covering Quaker Chemical Corp (NYSE:KWR), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. Quaker Chemical Corp has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. On Wednesday, January 13 the stock rating was upgraded by Seaport Global to “Accumulate”. Zacks downgraded the stock to “Buy” rating in Thursday, August 6 report. Seaport Global downgraded the stock to “Neutral” rating in Monday, May 2 report. The firm earned “Hold” rating on Tuesday, February 16 by Jefferies.
According to Zacks Investment Research, “Quaker Chemical Corp. develops, produces, and markets a broad range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services. Quaker’s principal products and services include: rolling lubricants, corrosion preventives, metal finishing compounds, machining and grinding compounds, forming compounds, hydraulic fluids, technology for the removal of hydrogen sulfide, chemical milling maskants, construction products and programs to provide chemical management services.”
Insitutional Activity: The institutional sentiment increased to 1.6 in 2016 Q2. Its up 0.65, from 0.95 in 2016Q1. The ratio increased, as 9 funds sold all Quaker Chemical Corp shares owned while 36 reduced positions. 15 funds bought stakes while 57 increased positions. They now own 10.74 million shares or 0.90% less from 10.83 million shares in 2016Q1.
Huntington State Bank last reported 0.01% of its portfolio in the stock. Schwab Charles Inv Mgmt Incorporated, a California-based fund reported 61,099 shares. Franklin accumulated 292,647 shares or 0.01% of the stock. California State Teachers Retirement Systems reported 27,113 shares or 0.01% of all its holdings. New York State Teachers Retirement Sys reported 31,692 shares or 0.01% of all its holdings. Stifel has 4,469 shares for 0% of their US portfolio. Arizona State Retirement Systems holds 0.01% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 6,921 shares. Barclays Public Ltd Com last reported 0% of its portfolio in the stock. Chatham Cap Gru last reported 10,400 shares in the company. First Mercantile Tru Company holds 0.02% or 1,410 shares in its portfolio. Eagle Asset Inc reported 1.17M shares or 0.72% of all its holdings. Teacher Retirement Systems Of Texas holds 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 1,862 shares. Neuberger Berman Gp Ltd Limited Liability Company, a New York-based fund reported 375,256 shares. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 1,825 shares. Archford Cap Strategies Ltd Co holds 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 38 shares.
Insider Transactions: Since April 22, 2016, the stock had 0 buys, and 2 sales for $488,370 net activity. Matrange Joseph F also sold $360,000 worth of Quaker Chemical Corp (NYSE:KWR) on Friday, April 22. 1,500 shares were sold by PLATZER L WILBERT, worth $128,370 on Friday, May 6.
More notable recent Quaker Chemical Corp (NYSE:KWR) news were published by: Prnewswire.com which released: “Quaker Chemical Corporation Announces Appointment of New CFO” on October 22, 2015, also Prnewswire.com with their article: “Quaker Chemical Corporation Announces Resignation of CFO” published on August 25, 2015, Prnewswire.com published: “Quaker Chemical Corporation Announces Upcoming Retirements Of Patricia C …” on February 24, 2016. More interesting news about Quaker Chemical Corp (NYSE:KWR) were released by: Prnewswire.com and their article: “Technical Expertise and Product Solutions for Today’s Mining Challenges” published on September 14, 2016 as well as Prnewswire.com‘s news article titled: “Quaker Chemical Introduces a Rapid Drying Metal Process Cleaner – QUAKERCLEAN …” with publication date: November 18, 2015.
KWR Company Profile
Quaker Chemical Corporation, incorporated on October 20, 1930, is engaged in providing process fluids, chemical specialties and technical expertise to a range of industries, including steel, aluminum, automotive, mining, aerospace, tube and pipe, cans and others. The Firm operates through four divisions: North America, the Europe; Middle East and Africa (EMEA); Asia/Pacific, and South America. The Firm develops, produces and markets a range of formulated chemical specialty products. It offers chemical management services (CMS) for various heavy industrial and manufacturing applications.
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