Price Action Don’t Lie: Could Quaker Chemical Corp Go Down After Reaching Record High?

Price Action Don't Lie: Could Quaker Chemical Corp Go Down After Reaching Record High?

The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Oct, 10 and still has $177.10 target or 67.00% above today’s $106.05 share price. This indicates more upside for the $1.38 billion company. This technical setup was reported by Barchart.com. If the $177.10 PT is reached, the company will be worth $924.60M 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 27,618 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 24.17% since March 7, 2016 and is uptrending. It has outperformed by 16.57% the S&P500.

Analysts await Quaker Chemical Corp (NYSE:KWR) to report earnings on October, 26. They expect $1.23 earnings per share, up 3.36% or $0.04 from last year’s $1.19 per share. KWR’s profit will be $16.01 million for 21.55 P/E if the $1.23 EPS becomes a reality. After $1.11 actual earnings per share 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. The stock of Quaker Chemical Corp (NYSE:KWR) earned “Accumulate” rating by Seaport Global on Wednesday, January 13. The firm earned “Neutral” rating on Monday, May 2 by Seaport Global. The firm earned “Buy” rating on Thursday, August 6 by Zacks. Jefferies downgraded the shares of KWR in a report on Tuesday, February 16 to “Hold” rating.

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 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.
Lord Abbett Limited accumulated 25,800 shares or 0.01% of the stock. Winslow Evans And Crocker holds 0% or 6,000 shares in its portfolio. Goldman Sachs Grp last reported 279,072 shares in the company. Geode Mgmt reported 89,939 shares or 0% of all its holdings. Louisiana State Employees Retirement, a Louisiana-based fund reported 5,900 shares. Fincl Bank Of Montreal Can, a Ontario – Canada-based fund reported 2,187 shares. The Massachusetts-based Martingale Asset Management Limited Partnership has invested 0% in Quaker Chemical Corp (NYSE:KWR). Comerica Financial Bank holds 0.01% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 13,441 shares. Arizona State Retirement System accumulated 0.01% or 6,921 shares. Granahan Inv Incorporated Ma owns 200,038 shares or 0.65% of their US portfolio. Pinebridge Investments Limited Partnership accumulated 0.01% or 1,679 shares. Johnson Fincl Grp Inc Inc accumulated 275 shares or 0% of the stock. Blackrock Advisors Llc accumulated 6,210 shares or 0% of the stock. Renaissance Tech Limited Company accumulated 181,100 shares or 0.03% of the stock. The California-based California Employees Retirement Sys has invested 0.01% in Quaker Chemical Corp (NYSE:KWR).

Insider Transactions: Since April 22, 2016, the stock had 0 insider buys, and 2 sales for $488,370 net activity. On Friday, April 22 the insider Matrange Joseph F sold $360,000. On Friday, May 6 PLATZER L WILBERT sold $128,370 worth of the stock or 1,500 shares.

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: “New Smart Polymerâ„¢ Technology in Die Release Agents” published on September 22, 2016, Prnewswire.com published: “Technical Expertise and Product Solutions for Today’s Mining Challenges” on September 14, 2016. More interesting news about Quaker Chemical Corp (NYSE:KWR) were released by: Prnewswire.com and their article: “Quaker Chemical Corporation Announces Resignation of CFO” published on August 25, 2015 as well as Prnewswire.com‘s news article titled: “Quaker Chemical Corporation Announces Upcoming Retirements Of Patricia C …” with publication date: February 24, 2016.

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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