The stock of Quaker Chemical Corp (NYSE:KWR) hit a new 52-week high and has $136.25 target or 9.00% above today’s $125.00 share price. The 9 months bullish chart indicates low risk for the $1.67 billion company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $136.25 price target is reached, the company will be worth $150.30 million 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 29,590 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 40.11% since April 21, 2016 and is uptrending. It has outperformed by 34.78% the S&P500.
Analysts await Quaker Chemical Corp (NYSE:KWR) to report earnings on February, 23. They expect $1.18 EPS, up 1.72% or $0.02 from last year’s $1.16 per share. KWR’s profit will be $15.76 million for 26.48 P/E if the $1.18 EPS becomes a reality. After $1.25 actual EPS reported by Quaker Chemical Corp for the previous quarter, Wall Street now forecasts -5.60% negative EPS growth.
Quaker Chemical Corp (NYSE:KWR) Ratings Coverage
Out of 4 analysts covering Quaker Chemical Corp (NYSE:KWR), 0 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 0 are positive. Quaker Chemical Corp has been the topic of 7 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Accumulate” rating on Wednesday, January 13 by Seaport Global. The rating was downgraded by Seaport Global to “Neutral” on Monday, May 2. The company was maintained on Thursday, October 27 by Wunderlich. On Tuesday, February 16 the stock rating was downgraded by Jefferies to “Hold”. Zacks downgraded Quaker Chemical Corp (NYSE:KWR) on Thursday, August 6 to “Buy” 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 decreased to 1.4 in 2016 Q2. Its down 0.20, from 1.6 in 2016Q1. The ratio dropped, 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.
Jacobs Levy Equity Mgmt accumulated 0.02% or 9,883 shares. Springbok Capital Lc has 587 shares for 0.01% of their US portfolio. California Employees Retirement Systems last reported 0.01% of its portfolio in the stock. Ubs Asset Mngmt Americas accumulated 0% or 7,377 shares. Arizona State Retirement System owns 6,921 shares or 0.01% of their US portfolio. Moreover, Strs Ohio has 0% invested in Quaker Chemical Corp (NYSE:KWR) for 8,200 shares. Blackrock Group Incorporated Limited has 0% invested in the company for 15,035 shares. Ridgeworth Management Ltd Liability Corporation holds 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 4,646 shares. Macquarie Gp Ltd, a Australia-based fund reported 230,338 shares. Parametric Limited Liability Com reported 20,454 shares or 0% of all its holdings. Advisory Svcs Ntwk Ltd has 20 shares for 0% of their US portfolio. Envestnet Asset holds 0% or 8,209 shares in its portfolio. The Georgia-based Chatham Capital Grp has invested 0.29% in Quaker Chemical Corp (NYSE:KWR). Blackrock holds 2,121 shares or 0% of its portfolio. Schwab Charles Mgmt has 0.01% invested in the company for 61,099 shares.
More recent Quaker Chemical Corp (NYSE:KWR) news were published by: Prnewswire.com which released: “Quaker Chemical Announces Third Quarter 2016 Results” on October 26, 2016. Also Prnewswire.com published the news titled: “Quaker Chemical Corporation Announces Appointment of New CFO” on October 22, 2015. Prnewswire.com‘s news article titled: “Quaker Chemical Corporation Announces Upcoming Retirements Of Patricia C …” with publication date: February 24, 2016 was also an interesting one.
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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