Equities researchers at First Analysis began coverage on shares of Quaker Chemical Corp. (NYSE:KWR) in a research report issued on Monday, AR Network reports. The firm set an “equal weight” rating on the stock.
Shares of Quaker Chemical Corp. (NYSE:KWR) traded down 0.45% during mid-day trading on Monday, hitting $80.14. The stock had a trading volume of 39,272 shares. Quaker Chemical Corp. has a one year low of $45.63 and a one year high of $80.76. The stock has a 50-day moving average of $71.17 and a 200-day moving average of $65.69. The company has a market cap of $1.055 billion and a price-to-earnings ratio of 19.71.
Quaker Chemical Corp. (NYSE:KWR) last issued its quarterly earnings data on Monday, July 29th. The company reported $1.22 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.92 by $0.30. The company had revenue of $184.85 million for the quarter, compared to the consensus estimate of $181.20 million. During the same quarter last year, the company posted $0.90 earnings per share. Quaker Chemical Corp.’s revenue was up 4.6% compared to the same quarter last year. Analysts expect that Quaker Chemical Corp. will post $3.78 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Thursday, October 31st. Shareholders of record on Thursday, October 17th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend is Tuesday, October 15th.
A number of other analysts have also recently weighed in on KWR. Analysts at Jefferies Group raised their price target on shares of Quaker Chemical Corp. from $76.00 to $86.00 in a research note to investors on Wednesday, October 16th. They now have a “buy” rating on the stock. Separately, analysts at Sidoti downgraded shares of Quaker Chemical Corp. from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, August 15th.
Quaker Chemical Corporation (NYSE:KWR) develops, produces and markets a range of formulated chemical specialty products for various heavy industrial and manufacturing applications and, in addition, offers and markets chemical management services (CMS).
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