The stock of Quaker Chemical Corp (NYSE:KWR) hit a new 52-week high and has $134.15 target or 6.00% above today’s $126.56 share price. The 8 months bullish chart indicates low risk for the $1.70B company. The 1-year high was reported on Nov, 28 by Barchart.com. If the $134.15 price target is reached, the company will be worth $102.00M 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 46,136 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 42.16% since April 25, 2016 and is uptrending. It has outperformed by 36.14% 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 $15.85 million for 26.81 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 stock of Quaker Chemical Corp (NYSE:KWR) earned “Neutral” rating by Seaport Global on Monday, May 2. Seaport Global upgraded the shares of KWR in a report on Wednesday, January 13 to “Accumulate” rating. The stock has “Hold” rating given by Jefferies on Tuesday, February 16. The firm earned “Hold” rating on Thursday, October 27 by Wunderlich. On Thursday, August 6 the stock rating was downgraded by Zacks to “Buy”.
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 Q2 2016. Its down 0.20, from 1.6 in 2016Q1. The ratio turned negative, 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.
Aberdeen Asset Public Ltd Liability Com Uk, a United Kingdom-based fund reported 314,268 shares. Aperio Gru Ltd holds 3,812 shares or 0% of its portfolio. Stifel Corporation accumulated 0% or 4,469 shares. Panagora Asset Mgmt accumulated 4,469 shares or 0% of the stock. Teachers Advisors owns 24,589 shares or 0% of their US portfolio. Deutsche Comml Bank Ag has 0% invested in the company for 40,173 shares. Manufacturers Life The holds 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR) for 8,598 shares. The New York-based Pinebridge Invests Limited Partnership has invested 0.01% in Quaker Chemical Corp (NYSE:KWR). Sector Pension Investment Board accumulated 9,231 shares or 0.01% of the stock. Marshall Wace Ltd Liability Partnership accumulated 0.01% or 7,470 shares. Great West Life Assurance Co Can has 1,825 shares for 0% of their US portfolio. The New York-based Tower Rech Ltd Liability Company (Trc) has invested 0% in Quaker Chemical Corp (NYSE:KWR). Vanguard Group Incorporated Inc last reported 1.02M shares in the company. National Bank & Trust Of America De accumulated 56,544 shares or 0% of the stock. Moreover, Menta Cap Lc has 0.05% invested in Quaker Chemical Corp (NYSE:KWR) for 4,200 shares.
More important 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 Forbes.com published article titled: “Ex-Dividend Reminder: RPM International, Quaker Chemical and Owens Corning”, Prnewswire.com published: “Quaker Chemical Corporation Announces Appointment of New CFO” on October 22, 2015. More interesting news about Quaker Chemical Corp (NYSE:KWR) was released by: Prnewswire.com and their article: “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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