Today’s Price Action: Quaker Chemical Corp Just Reaches All-Time High?

Today's Price Action: Quaker Chemical Corp Just Reaches All Time High?

The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Nov, 24 and still has $129.62 target or 4.00% above today’s $124.63 share price. This indicates more upside for the $1.67 billion company. This technical setup was reported by Barchart.com. If the $129.62 PT is reached, the company will be worth $66.80M 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. The stock increased 0.67% or $0.83 on November 23, hitting $124.63. About 44,966 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 37.65% since April 22, 2016 and is uptrending. It has outperformed by 32.24% the S&P500.

Analysts await Quaker Chemical Corp (NYSE:KWR) to report earnings on February, 23. They expect $1.18 earnings per share, up 1.72% or $0.02 from last year’s $1.16 per share. KWR’s profit will be $15.81M for 26.40 P/E if the $1.18 EPS becomes a reality. After $1.25 actual earnings per share 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. Zacks downgraded the shares of KWR in a report on Thursday, August 6 to “Buy” rating. As per Tuesday, February 16, the company rating was downgraded by Jefferies. The stock has “Hold” rating given by Wunderlich on Thursday, October 27. Seaport Global upgraded Quaker Chemical Corp (NYSE:KWR) on Wednesday, January 13 to “Accumulate” rating. Seaport Global downgraded Quaker Chemical Corp (NYSE:KWR) on Monday, May 2 to “Neutral” 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 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.
Fiera holds 0% or 2,525 shares in its portfolio. Bank & Trust Of Mellon Corporation last reported 164,313 shares in the company. Legal General Grp Public Ltd Company has invested 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR). Citigroup holds 0% or 6,888 shares in its portfolio. Victory Capital accumulated 295,568 shares or 0.11% of the stock. Royal Natl Bank Of Canada, a Ontario – Canada-based fund reported 7,515 shares. The Ohio-based Strs Ohio has invested 0% in Quaker Chemical Corp (NYSE:KWR). Ny State Teachers Retirement Systems last reported 0.01% of its portfolio in the stock. Chatham Capital Grp Inc Inc holds 10,400 shares or 0.29% of its portfolio. Moreover, Archford Cap Strategies Ltd Co has 0% invested in Quaker Chemical Corp (NYSE:KWR) for 38 shares. Aberdeen Asset Management Plc Uk last reported 314,268 shares in the company. Schwab Charles Investment last reported 61,099 shares in the company. Gabelli Funds Limited Liability holds 14,200 shares or 0.01% of its portfolio. Vanguard Incorporated reported 1.02 million shares or 0.01% of all its holdings. Btim holds 198,287 shares or 0.3% of its portfolio.

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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