Quaker Chemical Corp Sets All-Time High; Strong Momentum for Holders
The stock of Quaker Chemical Corp (NYSE:KWR) reached all time high today, Jul, 21 and still has $117.53 target or 22.00% above today’s $96.34 share price. This indicates more upside for the $1.27 billion company. This technical setup was reported by Barchart.com. If the $117.53 PT is reached, the company will be worth $279.40 million 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 0.60% or $0.57 during the last trading session, hitting $96.34. About 26,539 shares traded hands. Quaker Chemical Corp (NYSE:KWR) has risen 23.42% since December 14, 2015 and is uptrending. It has outperformed by 15.89% the S&P500.
Analysts await Quaker Chemical Corp (NYSE:KWR) to report earnings on August, 4. They expect $1.09 earnings per share, down 5.22% or $0.06 from last year’s $1.15 per share. KWR’s profit will be $14.37 million for 22.10 P/E if the $1.09 EPS becomes a reality. After $0.98 actual earnings per share reported by Quaker Chemical Corp for the previous quarter, Wall Street now forecasts 11.22% EPS growth.
Out of 3 analysts covering Quaker Chemical Corp (NYSE:KWR), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Quaker Chemical Corp has been the topic of 5 analyst reports since August 6, 2015 according to StockzIntelligence Inc.
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.”
The institutional sentiment decreased to 0.95 in Q1 2016. Its down 0.24, from 1.19 in 2015Q4. The ratio dropped, as 11 funds sold all Quaker Chemical Corp shares owned while 55 reduced positions. 11 funds bought stakes while 52 increased positions. They now own 10.83 million shares or 1.30% more from 10.69 million shares in 2015Q4.
Bard Associates Inc holds 1.51% of its portfolio in Quaker Chemical Corp for 30,980 shares. Copeland Capital Management Llc owns 170,480 shares or 0.99% of their US portfolio. Moreover, Eagle Asset Management Inc has 0.75% invested in the company for 1.27 million shares. The Massachusetts-based Granahan Investment Management Inc Ma has invested 0.59% in the stock. Palisade Capital Management Llc Nj, a New Jersey-based fund reported 182,118 shares.