The stock of Quaker Chemical Corp (NYSE:KWR) hit a new 52-week high and has $136.35 target or 29.00% above today’s $105.70 share price. The 9 months bullish chart indicates low risk for the $1.40B company. The 1-year high was reported on Sep, 30 by Barchart.com. If the $136.35 price target is reached, the company will be worth $406.00M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 21,249 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 $16.29M for 21.48 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. $94 is the highest target while $91 is the lowest. The $92.50 average target is -12.49% below today’s ($105.7) stock price. Quaker Chemical Corp has been the topic of 6 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating by Zacks given on Thursday, August 6. As per Monday, May 2, the company rating was downgraded by Seaport Global. The firm earned “Hold” rating on Tuesday, February 16 by Jefferies. On Wednesday, January 13 the stock rating was upgraded by Seaport Global to “Accumulate”.
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 Q2 2016. Its up 0.65, from 0.95 in 2016Q1. The ratio improved, 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.
Da Davidson accumulated 0% or 42 shares. Metropolitan Life Insur Ny last reported 0.01% of its portfolio in the stock. Schwab Charles last reported 61,099 shares in the company. Citigroup has 0% invested in the company for 6,888 shares. Thrivent Fincl For Lutherans has 0% invested in the company for 6,280 shares. Winslow Evans Crocker reported 6,000 shares or 0% of all its holdings. Marshall Wace Llp has 7,470 shares for 0.01% of their US portfolio. Savings Bank Of Montreal Can has 0% invested in the company for 2,187 shares. Jpmorgan Chase And reported 306,010 shares or 0.01% of all its holdings. Moreover, Martingale Asset Mngmt L P has 0% invested in Quaker Chemical Corp (NYSE:KWR) for 2,703 shares. The Illinois-based Northern has invested 0% in Quaker Chemical Corp (NYSE:KWR). Spark Investment Lc holds 0.15% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 18,400 shares. The Manitoba – Canada-based Great West Life Assurance Can has invested 0% in Quaker Chemical Corp (NYSE:KWR). Assetmark accumulated 0% or 31 shares. Commercial Bank Of America De holds 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 56,544 shares.
Insider Transactions: Since April 22, 2016, the stock had 0 insider buys, and 2 selling transactions for $488,370 net activity. 4,000 shares were sold by Matrange Joseph F, worth $360,000 on Friday, April 22. PLATZER L WILBERT also sold $128,370 worth of Quaker Chemical Corp (NYSE:KWR) 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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