The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Nov, 29 and still has $131.61 target or 5.00% above today’s $125.34 share price. This indicates more upside for the $1.66 billion company. This technical setup was reported by Barchart.com. If the $131.61 PT is reached, the company will be worth $83.00M 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 93,678 shares traded hands or 36.18% up from the average. Quaker Chemical Corp (NYSE:KWR) has risen 38.92% since April 26, 2016 and is uptrending. It has outperformed by 33.66% 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 $15.63M for 26.56 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. Seaport Global upgraded the shares of KWR in a report on Wednesday, January 13 to “Accumulate” rating. On Tuesday, February 16 the stock rating was downgraded by Jefferies to “Hold”. On Monday, May 2 the stock rating was downgraded by Seaport Global to “Neutral”. The firm has “Hold” rating by Wunderlich given on Thursday, October 27. The firm earned “Buy” rating on Thursday, August 6 by Zacks.
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.
Products Partners Llc holds 0.05% or 7,099 shares in its portfolio. Chatham Cap Grp accumulated 0.29% or 10,400 shares. Prudential Fincl accumulated 35,512 shares or 0.01% of the stock. Bartlett & Com Ltd holds 0% or 72 shares in its portfolio. Royal Comml Bank Of Canada holds 0% or 7,515 shares in its portfolio. Renaissance Techs Limited accumulated 181,100 shares or 0.03% of the stock. Panagora Asset has invested 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR). Moreover, Jacobs Levy Equity Mngmt has 0.02% invested in Quaker Chemical Corp (NYSE:KWR) for 9,883 shares. Barrow Hanley Mewhinney And Strauss Limited Liability Company accumulated 33,809 shares or 0% of the stock. Brown Brothers Harriman has invested 0% of its portfolio in Quaker Chemical Corp (NYSE:KWR). Ls Investment Ltd Limited Liability Company reported 467 shares or 0% of all its holdings. Moreover, Profund Advsrs has 0.01% invested in Quaker Chemical Corp (NYSE:KWR) for 2,748 shares. Rs Management Limited Liability Com holds 0% or 3,938 shares in its portfolio. Springbok Capital Mngmt Ltd Llc reported 587 shares or 0.01% of all its holdings. Invesco Ltd last reported 52,156 shares in the company.
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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